Armstrong World Industries Inc (AWI)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	497,000	489,000	465,100	459,000	449,100	440,100	433,300	420,300	405,600	385,900	366,400	329,300	333,100	338,900	359,400	395,000	395,100	388,600	374,800	354,100
Revenue (ttm)	US$ in thousands	1,247,800	1,275,800	1,255,300	1,254,300	1,230,300	1,201,100	1,169,200	1,128,400	1,097,100	1,040,000	994,100	917,000	912,800	958,000	983,200	1,048,400	1,038,100	987,800	973,000	949,300
Gross profit margin		39.83%	38.33%	37.05%	36.59%	36.50%	36.64%	37.06%	37.25%	36.97%	37.11%	36.86%	35.91%	36.49%	35.38%	36.55%	37.68%	38.06%	39.34%	38.52%	37.30%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $497,000K ÷ $1,247,800K
= 39.83%

Armstrong World Industries Inc.'s gross profit margin has shown a generally stable trend over the past eight quarters, hovering between 36.41% and 38.37%. The highest gross profit margin was recorded in Q4 2023 at 38.37%, indicating efficient cost management and solid pricing strategies. Conversely, the lowest gross profit margin was observed in Q1 2023 at 36.41%.

Overall, Armstrong World Industries Inc. has maintained a relatively healthy gross profit margin, reflecting strong control over production costs and pricing structures. This consistency suggests a stable operational performance and financial health over the analyzed period. The company's ability to sustain a consistently solid gross profit margin could indicate effective management of production and sales activities in the competitive market environment.