ARMSTRONG WORLD INDUSTRIES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.62B | $1.45B | $1.30B | $1.23B | $1.11B | $936.9M | $1.04B | $975.3M |
| Cost of Revenue | $962.1M | $864.1M | $798.2M | $784.0M | $701.0M | $603.8M | $643.0M | $641.8M |
| Gross Profit | $658.7M | $581.6M | $497.0M | $449.1M | $405.6M | $333.1M | $395.1M | $333.5M |
| Gross Margin | 40.6% | 40.2% | 38.4% | 36.4% | 36.7% | 35.6% | 38.1% | 34.2% |
| Operating Expenses | ||||||||
| Research & Development | $16.4M | $15.7M | $14.5M | $14.9M | $14.6M | $14.7M | $14.8M | $16.3M |
| SG&A Expense | $339.5M | $308.5M | $262.5M | $237.0M | $237.4M | $163.2M | $174.3M | $159.0M |
| Operating Income | $430.9M | $374.3M | $323.7M | $278.7M | $260.0M | $254.8M | $317.4M | $249.4M |
| Operating Margin | 26.6% | 25.9% | 25.0% | 22.6% | 23.5% | 27.2% | 30.6% | 25.6% |
| Interest Expense | $33.0M | $39.8M | $35.3M | $27.1M | $22.9M | $24.1M | $38.4M | $39.2M |
| Pretax Income | $400.3M | $347.1M | $298.3M | $257.6M | $242.7M | $-126.7M | $299.4M | $242.7M |
| Income Tax Expense | $91.6M | $82.2M | $74.5M | $57.7M | $57.4M | $-42.6M | $57.1M | $53.1M |
| Net Income | $308.7M | $264.9M | $223.8M | $202.9M | $183.2M | $-99.1M | $214.5M | $185.9M |
| Net Margin | 19.0% | 18.3% | 17.3% | 16.5% | 16.6% | -10.6% | 20.7% | 19.1% |
| EPS (Basic) | $7.13 | $6.06 | $5.00 | $4.38 | $3.84 | $-2.07 | $4.40 | $3.61 |
| EPS (Diluted) | $7.08 | $6.02 | $4.99 | $4.37 | $3.82 | $-2.07 | $4.32 | $3.56 |
| Shares Outstanding (Basic) | 43.3M | 43.7M | 44.7M | 46.3M | 47.6M | 47.9M | 48.7M | 51.3M |
| Shares Outstanding (Diluted) | 43.6M | 44.0M | 44.8M | 46.4M | 47.9M | 47.9M | 49.5M | 52.1M |
| Dividends Per Share | $1.26 | $1.15 | $1.04 | $0.95 | $0.86 | $0.81 | $0.73 | $0.18 |