AWI | Jotup

Corporate Employers Accused of Increasing Risk Of Pension Shortfalls in Violation of Employee Retirement Income Security Act of 1974 (“ERISA”) (Brower Piven Release)

Retrieved on:

木曜日, 5月 30, 2024

Armstrong World Industries, ERISA, Bristol Myers Squibb, BMY, AT&T, LMT, General Electric, AWI, Pension Benefit Guaranty Corporation, AA, Lockheed Martin

As these lawsuits allege, ERISA imposes strict fiduciary standards of conduct on employee pension plans, requiring fiduciaries to act with both prudence and loyalty and solely in the interest of employees who participate in the plan.

Key Points:

As these lawsuits allege, ERISA imposes strict fiduciary standards of conduct on employee pension plans, requiring fiduciaries to act with both prudence and loyalty and solely in the interest of employees who participate in the plan.
The lawsuits allege that because of the transactions, plan participants and beneficiaries no longer enjoy certain benefits, including protection provided by the federally chartered Pension Benefit Guaranty Corporation.
According to the lawsuits, the transactions have also harmed plan participants and beneficiaries by degrading the value of their pension benefits because of Athene’s investment strategies that the lawsuits allege to be risky.
The lawsuits also allege that the companies profited from their decision to offload pension obligations to Athene.

A Growing Gap: As Recognition Spend Increases, The Unrecognized Nearly Double

Retrieved on:

水曜日, 5月 29, 2024

The State of Recognition is an annual survey AWI conducts to examine trends, best practices, and priorities in employee recognition programs.

Key Points:

The State of Recognition is an annual survey AWI conducts to examine trends, best practices, and priorities in employee recognition programs.
Many organizations are highly focused on retaining top performers, focusing resources and recognition on the 20% or so who consistently outperform.
However, there is considerable opportunity in increasing recognition across the board, likely improving outcomes for both average and low performers.
While managers establish a foundation for recognition, top programs also include peer recognition to foster employee connections and accelerate results.

Corporate Employers Accused of Increasing Risk Of Pension Shortfalls in Violation of Employee Retirement Income Security Act of 1974 (“ERISA”) (Brower Piven Release)

Retrieved on:

木曜日, 5月 23, 2024

Armstrong World Industries, ERISA, Bristol Myers Squibb, BMY, AT&T, LMT, General Electric, AWI, Pension Benefit Guaranty Corporation, AA, Lockheed Martin

As these lawsuits allege, ERISA imposes strict fiduciary standards of conduct on employee pension plans, requiring fiduciaries to act with both prudence and loyalty and solely in the interest of employees who participate in the plan.

Key Points:

As these lawsuits allege, ERISA imposes strict fiduciary standards of conduct on employee pension plans, requiring fiduciaries to act with both prudence and loyalty and solely in the interest of employees who participate in the plan.
The lawsuits allege that because of the transactions, plan participants and beneficiaries no longer enjoy certain benefits, including protection provided by the federally chartered Pension Benefit Guaranty Corporation.
According to the lawsuits, the transactions have also harmed plan participants and beneficiaries by degrading the value of their pension benefits because of Athene’s investment strategies that the lawsuits allege to be risky.
The lawsuits also allege that the companies profited from their decision to offload pension obligations to Athene.

Armstrong World Industries Releases Fourth Annual Sustainability Report

Retrieved on:

木曜日, 5月 23, 2024

Architecture, Commercial Building & Real Estate, Construction & Property, Sustainability, Environment, Building Systems, Interior Design, Residential Building & Real Estate, Armstrong World Industries, Task force, Construction, Carbon, TCFD, Community, AWI, Sustainability Accounting Standards Board, GRI, Electricity, Renewable energy

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation, and manufacture of ceiling and wall solutions in the Americas, today released its fourth annual sustainability report entitled “Building Better Together.” The report highlights 2023 progress toward the company’s 2030 targets focused on the three pillars of its sustainability program—Healthy and Circular Products, Healthy Planet, and Thriving People and Communities.

Key Points:

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation, and manufacture of ceiling and wall solutions in the Americas, today released its fourth annual sustainability report entitled “Building Better Together.” The report highlights 2023 progress toward the company’s 2030 targets focused on the three pillars of its sustainability program—Healthy and Circular Products, Healthy Planet, and Thriving People and Communities.
Key highlights from the report include:
A 12% reduction in Scope 1 and Scope 2 emissions from the 2019 baseline.
Similar to prior years, Armstrong’s 2024 sustainability report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards, Core option.
See the full report for more details on Armstrong’s 2023 sustainability progress and performance.

Armstrong World Industries Introduces New Product to Reduce Carbon in Commercial Buildings

Retrieved on:

水曜日, 5月 22, 2024

Building Systems, Environment, Architecture, Construction & Property, Sustainability, Carbon, Armstrong World Industries, USDA, Heat, Built environment, Ultima, EC3, LEC, AWI, CO2

With a rich history of product innovation dating to the 1890s and an ongoing focus on sustainable solutions, Armstrong is developing a comprehensive product portfolio for carbon reduction in the built environment.

Key Points:

With a rich history of product innovation dating to the 1890s and an ongoing focus on sustainable solutions, Armstrong is developing a comprehensive product portfolio for carbon reduction in the built environment.
These products are designed to lower the carbon emissions over the lifecycle of a building by reducing operational and embodied carbon.
Using new technology that includes sustainable, wood-based biochar, Ultima LEC delivers a 43% reduction in the embodied carbon of a ceiling.
From design conception to end-of-life product management, Armstrong is giving our customers additional tools to tackle energy efficiency, material waste, construction efficiency and embodied carbon.

Armstrong World Industries to Attend the 2024 Bank of America Transportation, Airlines and Industrials Conference

Retrieved on:

月曜日, 5月 13, 2024

Architecture, Construction & Property, Building Systems, Interior Design, Armstrong World Industries, Transport, Conference, Event, SVP, AWI, Bank

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that President & Chief Executive Officer Vic Grizzle and SVP & Chief Financial Officer Chris Calzaretta will be hosting investor meetings at the Bank of America Transportation, Airlines and Industrials Conference in New York City on Wednesday, May 15, 2024.

Key Points:

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that President & Chief Executive Officer Vic Grizzle and SVP & Chief Financial Officer Chris Calzaretta will be hosting investor meetings at the Bank of America Transportation, Airlines and Industrials Conference in New York City on Wednesday, May 15, 2024.
In connection with this conference, Armstrong will publish an updated Investor Presentation prior to the conference on the morning of May 15.
This presentation can be found in the Events & Presentations section of its Investor Relations website at www.armstrongceilings.com .

Armstrong World Industries Reports Record-Setting First-Quarter 2024 Results

Retrieved on:

火曜日, 4月 30, 2024

Interior Design, Architecture, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, REIT, Corporation, CFO, Investment, AWI, Tax, Acquisition, BOK, Share repurchase

Unallocated Corporate operating loss was $1 million in the first quarter of 2024 and 2023.

Key Points:

Unallocated Corporate operating loss was $1 million in the first quarter of 2024 and 2023.
Cash flows from operating activities in 2024 increased slightly in comparison to the prior-year period, while cash flows from investing activities increased $7 million versus the prior-year period.
As of March 31, 2024, there was $702 million remaining under the Board of Directors' current authorized share repurchase program**.
“With strong first-quarter results and our recently announced acquisition of 3form, we are raising our full-year 2024 guidance,” said Chris Calzaretta, AWI Senior Vice President and CFO.

Armstrong World Industries Expands Architectural Specialties Portfolio with Acquisition of Architectural Resin Leader 3form, LLC

Retrieved on:

月曜日, 4月 29, 2024

Inc. (NYSE:AWI), a leader in the innovation and manufacture of ceiling and wall solutions, announced today that it has acquired 3form, LLC.

Key Points:

Inc. (NYSE:AWI), a leader in the innovation and manufacture of ceiling and wall solutions, announced today that it has acquired 3form, LLC.
“We are delighted to welcome 3form to the Armstrong family and to expand our portfolio of highly specifiable ceiling and wall solutions with new translucent materials,” said Vic Grizzle, President and CEO, Armstrong World Industries.
“3form is a well-established leader in architectural resins and high-performance glass and adds exciting, new complementary materials and design capabilities to our Architectural Specialties portfolio.
Armstrong funded the acquisition with its revolving credit facility and District Capital Partners acted as its buyside adviser.

Armstrong World Industries Announces Quarterly Dividend

Retrieved on:

水曜日, 4月 24, 2024

Commercial Building & Real Estate, Construction & Property, Air, Transport, REIT, Interior Design, Building Systems, Architecture, Other Construction & Property, Residential Building & Real Estate, Armstrong World Industries, AWI, Holding company

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that its Board of Directors has declared a cash dividend of $0.28 per share of common stock.

Key Points:

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that its Board of Directors has declared a cash dividend of $0.28 per share of common stock.
The dividend will be paid on May 23, 2024, to stockholders of record as of the close of business on May 9, 2024.
The declaration and payment of future dividends and capital allocations will be at the discretion of the Board of Directors and will be dependent upon, among other things, the company's financial position, results of operations and cash flow.

Armstrong World Industries Schedules First Quarter 2024 Earnings Release and Conference Call

Retrieved on:

月曜日, 4月 8, 2024

Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Air, Building Systems, Transport, REIT, Manufacturing, Interior Design, Armstrong World Industries, Telephone, AWI

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its first-quarter 2024 results before the market opens on Tuesday, April 30 and host a conference call to discuss these results at 11:00 a.m.

Key Points:

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its first-quarter 2024 results before the market opens on Tuesday, April 30 and host a conference call to discuss these results at 11:00 a.m.
A live webcast of the conference call and the accompanying presentation will be available on the Investor Relations page at ArmstrongWorldIndustries.com.
Attendees who will not be asking a question during the call are encouraged to connect to the live webcast using the Listen Only link below.
Those wishing to participate by telephone must register prior to the event using the participant call link below.