Armstrong posts Q4, annual gains

LANCASTER, Pa. — Armstrong World Industries reported Q4 profits of $51.5 million ($1.04 per share), a 40.7 percent hike from $36.6 million ($0.74) a year prior. Sales of $246.9 million represented a 3.3 percent gain from $238.9 million in Q4 of 2018. Growth in the company’s mineral fibre and architectural specialties segments, improved productivity and lower expenses boosted the results. For the fiscal year, profits of $242.3 million ($4.88 per share) were up 27.8 percent from $189.6 million ($3.63). Sales for the year totalled $1.04 billion, a 6.4 percent increase from $975.3 million in 2018.