Favourable AUV Helps Armstrong Sales

Armstrong World Industries, Inc. had consolidated sales of $251.9  million for the first quarter of 2021, an increase of 1.3 per cent over sales of $248.7 million in the first quarter of 2020. The increase was due to favourable average unit value (AUV) and offset by lower volumes. The architectural specialties segment net sales increased by $12 million or 23.9 per cent compared to the prior year period. Volumes were pressured by lower market demand due to COVID-19, but were more than offset by a $17 million increase in net sales attributable to the acquisition of Turf Design, Moz Designs, and Arktura in 2020. Overall operating income for the quarter was $54.1 million, down 28.8 per cent compared to operating income of $76.0 million in the year-ago period.