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Armstrong's Q1 sales up 1.9%

Armstrong World Industries pointed to favorable momentum benefiting both its top and bottom line in the first quarter of 2014.

Net sales for Armstrong were $634.4 million, up nearly 2% from the same period in 2013.

Net income came in at $16.9 million for the three months ended March 31, representing a good change from $3.2 million last year. A lower interest expense due to the write-off of deferred financing costs during last year's first quarter helped the company's bottom line.

"I'm pleased that, despite challenging weather conditions, first quarter sales were up 2% versus prior year," said Matt Espe, CEO. "In spite of this headwind, we delivered adjusted EBITDA of $83 million, up 7% from the prior year, through the dedication by our teams around the world to drive price to cover continued inflation in raw material costs and enhance productivity across our manufacturing plant network."


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