KeyBanc analyst Kenneth Zener raised his price target for Armstrong World to $95 from $83 on higher 2019 estimates and a higher multiple, reflecting its steady margin outlook. The analyst reiterates an Overweight rating on the shares.

Armstrong World Industries announced that it has acquired 3form . Based in Salt Lake City, Utah, 3form is a designer and manufacturer of sustainably crafted architectural resins and glass for ceilings, walls and other interior applications. Its products and design solutions use form, texture, light and color to transform spaces. "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. Together, we can provide even more unique solutions that deliver on a designer's boldest creative expression for a wide range of spaces. With 3form's deep capabilities in design, color, texture and sustainability, this acquisition meaningfully expands the unique, specifiable solutions we can provide architects and designers and increases our ability to sell more products into more spaces."...3form, previously a wholly owned subsidiary of Hunter Douglas Group, was founded in 2002. The business includes 3 production and design facilities with approximately 390 employees. In 2023, the company generated approximately $96M in revenue. Armstrong funded the acquisition with its revolving credit facility and District Capital Partners acted as its buyside adviser.