From Seekingalpha · Daniel Jones · · 40s
Armstrong World Industries Shares Hold Despite Growth
AWI stock rated 'Hold' as growth doesn't justify current valuation.
In brief
AWI stock rated 'Hold' as growth doesn't justify current valuation. Armstrong World Industries shares remain fairly valued despite revenue and profit growth, with analysts rating the stock 'Hold' for now. Originally reported by Seekingalpha.
Q2 Results
Armstrong World Industries reported Q2 revenue of $472 million and EBITDA of $166 million.
Management Forecasts
AWI forecasts FY EBITDA of $605 million, $620 million and adjusted net profit of $353 million, $361 million.
Valuation Concerns
Shares remain fairly valued despite growth, with analysts rating the stock 'Hold' for now.
The short version
Armstrong World Industries shares remain fairly valued despite revenue and profit growth, with analysts rating the stock 'Hold' for now.
