Armstrong world industries reports q4 net earnings per diluted share of common stock of $0.96

Armstrong world industries reports fourth quarter and full year 2019 results.q4 sales $246.9 million versus refinitiv ibes estimate of $256.3 million.2020 guidance of net sales growth of 6-8%.qtrly net earnings per diluted share of common stock of $0.96.adjusted net income per share guidance for 2020 of $5.2 to $5.4.transferring approximately $1 billion of pension obligations to athene annuity and life.expects to record a non-cash expense in range of $350 million to $400 million in q1.will not need to make any cash contributions to rip as a result of transaction.
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