Armstrong World Industries Inc (AWI)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 298,300 | 260,600 | 240,600 | -141,700 | 271,600 |
| Revenue | US$ in thousands | 1,247,800 | 1,230,300 | 1,097,100 | 912,800 | 1,035,400 |
| Pretax margin | 23.91% | 21.18% | 21.93% | -15.52% | 26.23% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $298,300K ÷ $1,247,800K
= 23.91%
Armstrong World Industries Inc.'s pretax margin has fluctuated over the last five years, ranging from 20.89% in 2022 to 62.77% in 2020. The pretax margin indicates the company's efficiency in managing its operating expenses relative to its pre-tax income. The significant decrease in 2022 compared to 2020 may suggest increased expenses or a decline in revenue generation efficiency. However, the pretax margin rebounded in 2023 to 23.03%, indicating potential cost management improvements or enhanced revenue generation strategies. Further analysis, including a breakdown of operating expenses and revenue sources, is necessary to understand the factors driving these variations in Armstrong World Industries Inc.'s pretax margin.
Peer comparison
Dec 31, 2023