Fiona Chan's questions to Armstrong World Industries Inc (AWI) leadership • Q3 2024
Question
Fiona Chan asked about the outlook for market recovery heading into 2025 and how to think about the cadence of Mineral Fiber margin expansion next year.
Answer
CEO Vic Grizzle noted that positive new construction starts in 2024 could provide a tailwind in H2 2025, but renovation activity depends on broader economic confidence. CFO Chris Calzaretta reiterated that the algorithm for future margin expansion remains consistent: strong pricing, manufacturing productivity, and disciplined cost control.