Armstrong World Industries Sees FY24 Adj. EPS $5.80-$6.05 vs $5.76 Est., Net Sales $1.395B-$1.435B vs $1.35B Est.
Portfolio Pulse from Benzinga Newsdesk
Armstrong World Industries projects its FY24 adjusted EPS to be between $5.80 and $6.05, surpassing the estimated $5.76. The company also forecasts net sales to range from $1.395 billion to $1.435 billion, exceeding the $1.35 billion estimate.
April 30, 2024 | 10:04 am
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Armstrong World Industries projects higher FY24 earnings and sales than estimated, indicating strong future performance.
Armstrong World Industries' projection of higher than expected earnings and sales for FY24 suggests a positive outlook on the company's financial health and operational efficiency. This news is likely to instill confidence among investors, potentially leading to an increase in stock price in the short term.
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