About the Company
Armstrong World Industries, Inc. is a Pennsylvania corporation incorporated in 1891. It is an international designer and manufacturer of wall and ceiling building materials. Based in Lancaster, Pennsylvania, AWI has a global manufacturing network of 26 facilities, including nine plants dedicated to its WAVE joint venture. In 2011, Armstrong's net sales were $2.86 billion, with operating income of $239.2 million.Armstrong World Industries, Inc. emerged from Chapter 11 reorganization on October 2, 2006. Its stock began trading on the New York Stock Exchange October 18, 2006, under the ticker symbol AWI. The Armstrong World Industries, Inc. Asbestos Personal Injury Settlement Trust, holds approximately 66% of AWI's outstanding common shares. Armstrong's “Fourth Amended Plan of Reorganization, as Modified,” dated February 21, 2006, and confirmed by U.S. District Court Judge Eduardo Robreno in August 2006, become effective Oct. 2, 2006. The Plan includes a comprehensive settlement resolving AWI's asbestos liability by establishing and funding a trust to compensate all current and future asbestos personal injury claimants. The company had filed for reorganization December 6, 2000, with the federal bankruptcy court in Delaware for reorganization under Chapter 11 because pending asbestos injury claims appeared to exceed the value of the company, and were growing. “In addition to resolving AWI’s asbestos liability, we used the time in Chapter 11 to restructure our flooring business to make it more competitive,” AWI CEO Michael D. Lockhart said. “We made substantial improvements in our cost structure by closing several plants and streamlining our workforce in the U.S. We have also expanded capacity to manufacture wood flooring, broadened our product lines and improved product quality and customer service.” On March 27, 2007, Armstrong World Industries, Inc. and NPM Capital N.V. entered into an agreement to sell Tapijtfabriek H. Desseaux N.V. and its subsidiaries, the principal operating companies in Armstrong's European Textile and Sports Flooring business segment, to NPM Capital N.V. The sale was finalized in April 2007.On February 15, 2007, Armstrong World Industries, Inc. announced that it was initiating a review of its strategic alternatives.
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Latest $AWI News
Armstrong World Industries Announces Quarterly Dividend
Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that it ...
AWI Armstrong World Industries, Inc.
Armstrong World Industries, Inc., together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and ...
Armstrong World Industries Announces Q1 2024 Earnings Call
LANCASTER, PA — Armstrong World Industries, Inc. (NYSE: AWI), a leader in the design and manufacture of innovative commercial ...
Armstrong World (AWI) Surges 64.3% in 6 Months: Here's Why
Armstrong World Industries, Inc. AWI has been benefiting from an increase in average unit value (AUV) driven by favorable ...
Why Armstrong World Industries, Inc. (NYSE:AWI) Could Be Worth Watching
Armstrong World Industries, Inc. (NYSE:AWI), might not be a large cap stock, but it saw a significant share price rise of 29% in the past couple of months on the NYSE. The company is now trading ...
Armstrong World Industries Inc.
No significant news for in the past two years. Key Stock Data P/E Ratio (TTM) The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing ...
Why Armstrong World Industries, Inc. (NYSE:AWI) Could Be Worth Watching
Armstrong World Industries, Inc. (NYSE:AWI), might not be a large cap stock, but it saw a significant share price rise of 29% in the past couple of months on the NYSE. The company is now trading at ...
Armstrong World Industries Inc
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
Armstrong World Industries, Inc. (AWI)
Overall score is calculated based on proprietary scores based on sector averages in key company indicators: fair value, dividends, innovation, hiring, and insider sentiment. Note: if you don't see ...
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