Below are the financial statements of Armstrong World Industries, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 1,445.7a | 1,295.2a | 1,233.1a |
| Cost of goods sold | -864.1a | -798.2a | -784a |
| Gross profit | 581.6a | 497a | 449.1a |
| Selling, general and administrative expenses | -308.5a | -262.5a | -237a |
| Loss related to change in fair value of contingent consideration | -1.6a | -0.1a | -11a |
| Loss on sales of fixed assets, net | -0.6a | 0a | 0a |
| Equity (earnings) from unconsolidated affiliates, net | -103.4a | -89.3a | -77.6a |
| Operating income | 374.3a | 323.7a | 278.7a |
| Interest expense | -39.8a | -35.3a | -27.1a |
| Other non-operating (income), net | -12.6a | -9.9a | -6a |
| Earnings from continuing operations before income taxes | 347.1a | 298.3a | 257.6a |
| Income tax expense | -82.2a | -74.5a | -57.7a |
| Earnings from continuing operations | 264.9a | 223.8a | 199.9a |
| Earnings from discontinued businesses, net of tax (benefit) expense of $ -, $- and ($3.0) | 0a | 0a | 3a |
| Net earnings from discontinued operations | 0a | 0a | 3a |
| Net earnings | 264.9a | 223.8a | 202.9a |
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