Armstrong World Industries, Inc. (AWI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 409.9M | 388.3M | 425.2M | 424.6M | 382.7M | 367.7M | 386.6M | 365.1M | 326.3M | 312.3M | 347.3M | 325.4M | 310.2M | 304.5M | 325M | 321M | 282.6M | 282.5M | 292.2M | 280M |
| Revenue Growth % | 7.11% | 5.6% | 9.98% | 16.3% | 17.28% | 17.74% | 11.32% | 12.2% | 5.19% | 2.56% | 6.86% | 1.37% | 9.77% | 7.79% | 11.23% | 14.64% | 12.19% | 18.35% | 18.64% | 37.8% |
| Cost of Goods Sold | 254.6M | 233.8M | 246.7M | 248.8M | 232.8M | 223.8M | 222.5M | 215.8M | 202M | 192.8M | 205.9M | 201.4M | 198.1M | 193M | 207.5M | 203.1M | 180.4M | 180M | 181.5M | 175.1M |
| COGS % of Revenue | 62.11% | 60.21% | 58.02% | 58.6% | 60.83% | 60.86% | 57.55% | 59.11% | 61.91% | 61.74% | 59.29% | 61.89% | 63.86% | 63.38% | 63.85% | 63.27% | 63.84% | 63.72% | 62.11% | 62.54% |
| Gross Profit | 155.3M | 154.5M | 178.5M | 175.8M | 149.9M | 143.9M | 164.1M | 149.3M | 124.3M | 119.5M | 141.4M | 124M | 112.1M | 111.5M | 117.5M | 117.9M | 102.2M | 102.5M | 110.7M | 104.9M |
| Gross Margin % | 37.89% | 39.79% | 41.98% | 41.4% | 39.17% | 39.14% | 42.45% | 40.89% | 38.09% | 38.26% | 40.71% | 38.11% | 36.14% | 36.62% | 36.15% | 36.73% | 36.16% | 36.28% | 37.89% | 37.46% |
| Gross Profit Growth % | 3.6% | 7.37% | 8.78% | 17.75% | 20.6% | 20.42% | 16.05% | 20.4% | 10.88% | 7.17% | 20.34% | 5.17% | 9.69% | 8.78% | 6.14% | 12.39% | 16.8% | 23.79% | 21.38% | 54.72% |
| Operating Expenses | 61.1M | 4.1M | 61.3M | 84.4M | 78M | 85.4M | 77.6M | 79.9M | 65.7M | 73.3M | 64.6M | 61.9M | 62.7M | 59.1M | 59.3M | 61.5M | 57.1M | 60.9M | 62.3M | 60M |
| OpEx % of Revenue | 14.91% | 1.06% | 14.42% | 19.88% | 20.38% | 23.23% | 20.07% | 21.88% | 20.13% | 23.47% | 18.6% | 19.02% | 20.21% | 19.41% | 18.25% | 19.16% | 20.21% | 21.56% | 21.32% | 21.43% |
| Selling, General & Admin | 88.4M | 87.3M | 90.1M | 84.4M | 78M | 85.4M | 77.6M | 79.9M | 65.7M | 73.3M | 64.6M | 61.9M | 62.7M | 59.1M | 59.3M | 61.5M | 57.1M | 60.9M | 62.3M | 60M |
| SG&A % of Revenue | 21.57% | 22.48% | 21.19% | 19.88% | 20.38% | 23.23% | 20.07% | 21.88% | 20.13% | 23.47% | 18.6% | 19.02% | 20.21% | 19.41% | 18.25% | 19.16% | 20.21% | 21.56% | 21.32% | 21.43% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1000K | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 94.2M | 150.4M | 117.2M | 91.4M | 71.9M | 58.5M | 86.5M | 69.4M | 58.6M | 46.2M | 76.8M | 62.1M | 49.4M | 52.4M | 58.2M | 56.4M | 45.1M | 41.6M | 48.4M | 44.9M |
| Operating Margin % | 22.98% | 38.73% | 27.56% | 21.53% | 18.79% | 15.91% | 22.37% | 19.01% | 17.96% | 14.79% | 22.11% | 19.08% | 15.93% | 17.21% | 17.91% | 17.57% | 15.96% | 14.73% | 16.56% | 16.04% |
| Operating Income Growth % | 31.02% | 157.09% | 35.49% | 31.7% | 22.7% | 26.62% | 12.63% | 11.76% | 18.62% | -11.83% | 31.96% | 10.11% | 9.53% | 25.96% | 20.25% | 25.61% | 36.25% | 47% | -3.59% | 29.02% |
| EBITDA | 94.2M | 239.5M | 147.3M | 121.9M | 101.2M | 85.8M | 112.6M | 94.9M | 82.9M | 69.6M | 99.5M | 84.3M | 70.3M | 72.6M | 79.6M | 77.3M | 66.3M | 63.8M | 71.4M | 70.6M |
| EBITDA Margin % | 22.98% | 61.68% | 34.64% | 28.71% | 26.44% | 23.33% | 29.13% | 25.99% | 25.41% | 22.29% | 28.65% | 25.91% | 22.66% | 23.84% | 24.49% | 24.08% | 23.46% | 22.58% | 24.44% | 25.21% |
| EBITDA Growth % | -6.92% | 179.14% | 30.82% | 28.45% | 22.07% | 23.28% | 13.17% | 12.57% | 17.92% | -4.13% | 25% | 9.06% | 6.03% | 13.79% | 11.48% | 9.49% | 12.95% | 25.84% | -3.9% | 30.5% |
| D&A (Non-Cash Add-back) | 0 | 89.1M | 30.1M | 30.5M | 29.3M | 27.3M | 26.1M | 25.5M | 24.3M | 23.4M | 22.7M | 22.2M | 20.9M | 20.2M | 21.4M | 20.9M | 21.2M | 22.2M | 23M | 25.7M |
| EBIT | 94.2M | 92.9M | 117.7M | 123.9M | 99.6M | 86M | 115.7M | 99.4M | 91.3M | 72.2M | 105.8M | 92.1M | 75M | 72.5M | 74.7M | 74.4M | 66.6M | 56.8M | 73.5M | 82.1M |
| Net Interest Income | -7.3M | -8.1M | -8.2M | -8.6M | -8.9M | -10M | -11.9M | -12.3M | -11.1M | -11.5M | -12.1M | -12.1M | -11.1M | -9.2M | -7M | -7.2M | -7.2M | -5.5M | -6.1M | -7.8M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 7.3M | 8.1M | 8.2M | 8.6M | 8.9M | 10M | 11.9M | 12.3M | 11.1M | 11.5M | 12.1M | 12.1M | 11.1M | 9.2M | 7M | 7.2M | 7.2M | 5.5M | 6.1M | 7.8M |
| Other Income/Expense | -5.8M | -65.6M | -7.7M | 23.9M | 18.8M | 17.5M | 17.3M | 17.7M | 21.6M | 14.5M | 16.9M | 17.9M | 14.5M | 10.9M | 9.5M | 10.8M | 14.3M | 9.7M | 19M | 29.4M |
| Pretax Income | 88.4M | 84.8M | 109.5M | 115.3M | 90.7M | 76M | 103.8M | 87.1M | 80.2M | 60.7M | 93.7M | 80M | 63.9M | 63.3M | 67.7M | 67.2M | 59.4M | 51.3M | 67.4M | 74.3M |
| Pretax Margin % | 21.57% | 21.84% | 25.75% | 27.16% | 23.7% | 20.67% | 26.85% | 23.86% | 24.58% | 19.44% | 26.98% | 24.59% | 20.6% | 20.79% | 20.83% | 20.93% | 21.02% | 18.16% | 23.07% | 26.54% |
| Income Tax | 21.6M | 19.3M | 23.2M | 27.5M | 21.6M | 13.8M | 26.9M | 21.2M | 20.3M | 13.9M | 24.2M | 19.8M | 16.6M | 14.5M | 13.2M | 15M | 15M | 9.4M | 16.6M | 19.2M |
| Effective Tax Rate % | 24.43% | 22.76% | 21.19% | 23.85% | 23.81% | 18.16% | 25.92% | 24.34% | 25.31% | 22.9% | 25.83% | 24.75% | 25.98% | 22.91% | 19.5% | 22.32% | 25.25% | 18.32% | 24.63% | 25.84% |
| Net Income | 66.8M | 65.5M | 86.3M | 87.8M | 69.1M | 62.2M | 76.9M | 65.9M | 59.9M | 46.8M | 69.5M | 60.2M | 47.3M | 48.7M | 54.4M | 52.1M | 44.3M | 41.8M | 50.7M | 55M |
| Net Margin % | 16.3% | 16.87% | 20.3% | 20.68% | 18.06% | 16.92% | 19.89% | 18.05% | 18.36% | 14.99% | 20.01% | 18.5% | 15.25% | 15.99% | 16.74% | 16.23% | 15.68% | 14.8% | 17.35% | 19.64% |
| Net Income Growth % | -3.33% | 5.31% | 12.22% | 33.23% | 15.36% | 32.91% | 10.65% | 9.47% | 26.64% | -3.9% | 27.76% | 15.55% | 6.77% | 16.51% | 7.3% | -5.27% | 18.45% | 20.11% | -6.28% | 11.34% |
| Net Income (Continuing) | 66.8M | 65.5M | 86.3M | 87.8M | 69.1M | 62.2M | 76.9M | 65.9M | 59.9M | 46.8M | 69.5M | 60.2M | 47.3M | 48.8M | 54.5M | 52.2M | 44.4M | 41.9M | 50.8M | 55.1M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.55 | 1.51 | 1.98 | 2.01 | 1.58 | 1.42 | 1.75 | 1.50 | 1.36 | 1.06 | 1.56 | 1.34 | 1.04 | 1.07 | 1.25 | 1.12 | 0.94 | 0.88 | 1.06 | 1.14 |
| EPS Growth % | -1.9% | 6.34% | 13.14% | 34% | 16.18% | 33.96% | 12.18% | 11.94% | 30.77% | -0.93% | 24.8% | 19.64% | 10.64% | 21.59% | 17.92% | -1.75% | 27.03% | 87.23% | -6.19% | 8.57% |
| EPS (Basic) | 1.56 | 1.47 | 2.00 | 2.02 | 1.59 | 1.43 | 1.76 | 1.50 | 1.37 | 1.07 | 1.56 | 1.34 | 1.04 | 1.07 | 1.25 | 1.12 | 0.94 | 0.88 | 1.07 | 1.15 |
| Diluted Shares Outstanding | 43.2M | 43.6M | 43.6M | 43.7M | 43.8M | 44M | 43.9M | 44M | 44.1M | 44.2M | 44.6M | 45M | 45.5M | 45.6M | 46.1M | 46.7M | 47.2M | 47.7M | 47.8M | 48.1M |
| Basic Shares Outstanding | 42.8M | 43.6M | 43.2M | 43.4M | 43.42M | 43.7M | 43.7M | 43.8M | 43.8M | 43.6M | 44.5M | 44.9M | 45.4M | 45.57M | 46.1M | 46.6M | 47.1M | 47.61M | 47.5M | 47.7M |
| Dividend Payout Ratio | 22.01% | 22.29% | 15.53% | 15.72% | 19.39% | 21.7% | 15.86% | 19.12% | 20.53% | 26.71% | 16.26% | 19.1% | 24.52% | 23.82% | 19.49% | 21.31% | 24.61% | 26.32% | 19.72% | 18.73% |