On Sep 23, we issued an updated research report on Armstrong World Industries, Inc. (AWI - Free Report) . The company will benefit from cost-reduction actions and volume improvement in the Americas.
The company announced its full-year 2016 adjusted EBITDA guidance range of $310–$330 million. It expects its cost-reduction initiatives and robust performance in the Americas to counter the soft sales in international markets. Further, improvement in volumes from new construction activities is likely to continue in the second half of the year.
Armstrong World will continue to invest modestly in sales and marketing to accelerate architectural specialty share gains, total selling solution capabilities and new product initiatives. The company remains focused on strong innovation in pipeline and customer relationships. It will grow by leveraging this pipeline to provide industry-leading innovative products to customers.
The company launched its sustained product line recently. These high-performance ceiling solutions meet the most stringent sustainability compliance and transparency standards in the market. With the fresh sustained program, Armstrong World has optimized its ingredients to support the design of healthy buildings.
Armstrong World currently has a Zacks Rank #2 (Buy).
Other Stocks to Consider
Some other favorably placed stocks worth considering in the same sector are Gibraltar Industries, Inc. (ROCK - Free Report) , Trex Co. Inc. (TREX - Free Report) and Boise Cascade Company (BCC - Free Report) .
Gibraltar Industries has seen upward estimate revisions over the past 60 days. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Trex carries a Zacks Rank #2. The company has seen solid estimate revisions over the last 60 days.
Boise Cascade Company, also a Zacks Rank #2 stock, has witnessed upward estimate revisions over the past 60 days.
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