Record-Setting Sales and EBITDA
Armstrong World Industries reported a 17% increase in total company net sales and a 16% increase in adjusted EBITDA, marking the best Q1 margin performance since 2020.
Mineral Fiber Segment Performance
Net sales in the Mineral Fiber segment increased by 2%, and EBITDA increased by 7%. Average Unit Value (AUV) rose 7% despite weather-related volume challenges, leading to a 180 basis point margin expansion.
Architectural Specialty Segment Growth
Architectural Specialty sales grew 59%, with organic sales up 11% and significant contributions from Three Form and Zaynor acquisitions. Adjusted EBITDA increased by 94%, with a margin expansion of 310 basis points.
Strong Free Cash Flow and Shareholder Returns
Adjusted free cash flow increased by 10%, supported by higher cash earnings and dividends. The company repurchased $22 million in shares and paid $13 million in dividends in Q1 2025.
Innovative Product Development
Armstrong's TempLock energy-saving ceilings and ProjectWorks platform are gaining traction, contributing to energy efficiency and productivity in the building sector.