Recap: Armstrong World Q2 Earnings - Armstrong World Indus (NYSE:AWI)

Armstrong World Indus AWI reported its Q2 earnings results on Tuesday, July 26, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

Armstrong World Indus missed estimated earnings by 5.84%, reporting an EPS of $1.29 versus an estimate of $1.37.

Revenue was up $41.00 million from the same period last year.

Last quarter the company missed on EPS by $0.12 which was followed by a 0.94% drop in the share price the next day.

Here's a look at Armstrong World Indus's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	1.14	1.05	1.28	1.04
EPS Actual	1.02	1.09	1.17	1.16
Revenue Estimate	289.92M	276.08M	292.00M	264.94M
Revenue Actual	282.60M	282.50M	292.20M	280.00M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Armstrong World Indus management provided guidance for FY 2022, expecting earnings between $5.1 and $5.2 per share.

To track all earnings releases for Armstrong World Indus visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.