Strong 2018 for Armstrong World Industries
Armstrong World Industries reported fourth quarter 2018 net sales of $238.9 million, up 11.4% from fourth quarter 2017 net sales of $214.4 million
For the full year, Armstrong posted net sales of $975.3 million, up 9.1% from sales of $893.6 million in 2017.
The Lancaster, Pa.-based company also reported net earnings of $34.6 million for the fourth quarter, up 2.6% from net earnings of $33.7 million for the same period a year ago. Net earnings for the year increased 20% to $185.9 million from 2017 net earnings of $154.8 million.
Sales in the company’s architectural specialties segment, including ceilings, rose 29.3% to $47.6 million in the fourth quarter. Mineral fiber sales grew 7.8% to $191.3 million for the period.
Armstrong designs and manufactures commercial and residential ceiling, wall and suspension system solutions.
For the full year, Armstrong posted net sales of $975.3 million, up 9.1% from sales of $893.6 million in 2017.
The Lancaster, Pa.-based company also reported net earnings of $34.6 million for the fourth quarter, up 2.6% from net earnings of $33.7 million for the same period a year ago. Net earnings for the year increased 20% to $185.9 million from 2017 net earnings of $154.8 million.
Sales in the company’s architectural specialties segment, including ceilings, rose 29.3% to $47.6 million in the fourth quarter. Mineral fiber sales grew 7.8% to $191.3 million for the period.
Armstrong designs and manufactures commercial and residential ceiling, wall and suspension system solutions.