Armstrong World Industries Inc (AWI)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	223,800	202,900	183,200	-99,100	214,500
Revenue	US$ in thousands	1,247,800	1,230,300	1,097,100	912,800	1,035,400
Net profit margin		17.94%	16.49%	16.70%	-10.86%	20.72%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $223,800K ÷ $1,247,800K
= 17.94%

The net profit margin of Armstrong World Industries Inc. has displayed varying trends over the past five years. In 2023, the company's net profit margin stood at 17.27%, showing a slight increase compared to the previous year's margin of 16.43%. However, this current margin is lower than the margins recorded in 2020 and 2019, where the company achieved notably higher margins of 68.91% and 20.61%, respectively.

The significant fluctuation in net profit margins suggests potential changes in the company's profitability and cost management strategies over the years. The exceptionally high net profit margin in 2020 might be attributed to specific unique factors or one-time events impacting the company's financial performance. On the other hand, the moderate margins in 2022 and 2023 indicate a more normalized level of profitability for Armstrong World Industries Inc.

Overall, Armstrong World Industries Inc.'s net profit margin demonstrates a mix of fluctuations and stability, reflecting the varying financial performance of the company over the past five years. A detailed analysis of the underlying factors influencing these margins would provide further insights into the company's financial health and operational efficiency.