India, April 29 -- Armstrong World Industries, Inc. (AWI), a designer and manufacturer of ceiling and wall system solutions, on Tuesday announced an increase in first quarter net income, compared with the previous year.
For the first quarter, net earnings climbed to $69.1 million from $59.9 million in the prior year.
Earnings per share were $1.58 versus $1.36 last year.
On an adjusted basis, net income increased to $73 million from $61 million in the previous year.
Adjusted earnings per share were $1.66 versus $1.38 prior year.
Eight analysts, on average, had expected the company to report $1.79 per share. Analysts' estimates typically exclude special items.
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