Armstrong World Industries Inc Q2 2021 Earnings Call Summary - Thomson StreetEvents

Armstrong World Industries Inc Q2 2021 Earnings Call Summary

Armstrong World Industries Inc Q2 2021 Earnings Call Summary - Thomson StreetEvents
Armstrong World Industries Inc Q2 2021 Earnings Call Summary
Published Jul 27, 2021
18 pages (9769 words) — Published Jul 27, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of AWI.N earnings conference call or presentation 27-Jul-21 2:00pm GMT

  
Brief Excerpt:

...A. Overview: Results mark a strong recovery from 2Q20 when the pandemic was accelerating and many markets were effectively shut down by government mandates. 1. 2. Consolidated net sales grew 38% YoverY, driven by: 32% increase in Mineral Fiber sales. a. b. 59% increase in Architectural Specialties sales. 3. Adjusted EBITDA $100m. 44% increase YoverY. a. 4. Adjusted EBITDA margin expanded 160 BP. Particularly impressive margin performance, given: a. i. Persistent inflationary pressures. ii. Investments Co. is making in people, innovation and technology in support of the strategic priorities and to serve the growth it sees ahead for the rest of 2021 and beyond. 5. On the strength of these results and expected continuation of market recovery in 2H21, updated and increased 2021 guidance. B. Market Developments: Across both Mineral Fiber and Architectural Specialties segments, Co. is experiencing a solid rebound in renovation activity, as expected and consistent with historical norms coming...

  
Report Type:

Brief

Source:
Company:
Armstrong World Industries Inc
Ticker
AWI.N
Time
2:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : My first question is thinking about the mix across the different verticals. I know that you talked about the sequential increase that you've seen in office and retail in the second quarter. But when we think about the comps in there and all the moving parts that have kind of come together over the last year, can you talk about which verticals are seeing the most growth? Which ones you still have -- some more incremental room to improve over time? And just kind of where things are falling and your expectations for that as we go through the second half and then into '22?


Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : Okay. All right. That's very helpful color. And then I guess, just as a follow-up to that. I know you made some comments around some of the new product introductions, healthy spaces, those kinds of things that you've put out there, and it sounds like they are getting some momentum. But can you just talk to how those are contributing to some of this volume growth that you're seeing coming through? Any kind of indicators in terms of either actual orders or the bidding activity that's coming in? And how we should be thinking about their contribution to the business going forward? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 27, 2021 / 2:00PM, AWI.N - Q2 2021 Armstrong World Industries Inc Earnings Call


Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : Okay. All right. That makes sense. Can I just squeeze in one last one, which is that this quarter, you've not mentioned anything on channel mix, which in the past has been a pressure in the business. Does that -- is it fair to say that, that's really kind of alleviated itself and things have really started to normalize from a channel perspective in the second quarter?

Table Of Contents

Armstrong World Industries Inc Investor Day Transcript – 2022-03-03 – US$ 54.00 – Edited Transcript of AWI.N corporate analyst meeting</ 3-Mar-22 2:00pm GMT

Armstrong World Industries Inc Q4 2021 Earnings Call Summary – 2022-02-22 – US$ 54.00 – Edited Brief of AWI.N earnings conference call or presentation 22-Feb-22 3:00pm GMT

Armstrong World Industries Inc Q4 2021 Earnings Call Transcript – 2022-02-22 – US$ 54.00 – Edited Transcript of AWI.N earnings conference call or presentation 22-Feb-22 3:00pm GMT

Armstrong World Industries Inc Q3 2021 Earnings Call Summary – 2021-10-26 – US$ 54.00 – Edited Brief of AWI.N earnings conference call or presentation 26-Oct-21 2:00pm GMT

Armstrong World Industries Inc Q3 2021 Earnings Call Transcript – 2021-10-26 – US$ 54.00 – Edited Transcript of AWI.N earnings conference call or presentation 26-Oct-21 2:00pm GMT

Armstrong World Industries Inc Q1 2021 Earnings Call Summary – 2021-04-27 – US$ 54.00 – Edited Brief of AWI.N earnings conference call or presentation 27-Apr-21 3:00pm GMT

Armstrong World Industries Inc Q1 2021 Earnings Call Transcript – 2021-04-27 – US$ 54.00 – Edited Transcript of AWI.N earnings conference call or presentation 27-Apr-21 3:00pm GMT

Armstrong World Industries Inc Q4 2020 Earnings Call Summary – 2021-02-23 – US$ 54.00 – Edited Brief of AWI.N earnings conference call or presentation 23-Feb-21 4:00pm GMT

Armstrong World Industries Inc Q4 2020 Earnings Call Transcript – 2021-02-23 – US$ 54.00 – Edited Transcript of AWI.N earnings conference call or presentation 23-Feb-21 4:00pm GMT

Armstrong World Industries Inc Q3 2020 Earnings Call Summary – 2020-10-27 – US$ 54.00 – Edited Brief of AWI.N earnings conference call or presentation 27-Oct-20 3:00pm GMT

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MLA:
Thomson StreetEvents. "Armstrong World Industries Inc Q2 2021 Earnings Call Summary" Jul 27, 2021. Alacra Store. May 26, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2021-Armstrong-World-Industries-Inc-Earnings-Call-B14923175>
  
APA:
Thomson StreetEvents. (2021). Armstrong World Industries Inc Q2 2021 Earnings Call Summary Jul 27, 2021. New York, NY: Alacra Store. Retrieved May 26, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2021-Armstrong-World-Industries-Inc-Earnings-Call-B14923175>
  
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