Armstrong World Industries Inc Q3 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : My first question is, can you give us a bit more detail on the manufacturing equipment failure that you cited in September. Any commentary around the magnitude of what happened there and how maybe it's impacted third-quarter deliveries, but then also fourth quarter, if there's any kind of reverberation there?

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : Okay. All right. That's helpful. And then my follow-up is wondering if you can give a little bit more details on inflation and maybe especially talk a bit about your exposure to energy prices. We've gotten some questions from people as, obviously, we've seen natural gas and other energy prices moving up over the last couple of months or so. Just talk about overall, the cost environment and what you're seeing there. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 26, 2021 / 2:00PM, AWI.N - Q3 2021 Armstrong World Industries Inc Earnings Call

Question: Adam Baumgarten - Zelman & Associates - Analyst : Just thinking about pricing, like-for-like pricing. How should we think about the carry-over effect from all the price you've pushed through this year into next year at this point?

Question: Adam Baumgarten - Zelman & Associates - Analyst : Okay. Got it. And then just switching gears to SG&A. I mean did you say that by the end of '21 that you'll be back to more normal levels and therefore, we should see less of a drag on margins next year as you continue to grow?