Latest news with #AWI
Fibre2Fashion
a day ago
- Business
- Fibre2Fashion
Australia's Merino wool prices ease amid tight supply, stronger AU$
Merino wool prices weakened at Australian auctions this week as extremely low supply volumes failed to support existing price levels. A stronger Australian dollar (Au$)—up 0.7 per cent against the US dollar and 0.5 per cent against the Chinese yuan—added further pressure to the local market environment. However, in both foreign currencies, the wool market showed slight gains of 0.4 to 0.5 per cent, suggesting demand is attempting to align with limited supply, the Australian Wool Innovation (AWI) said in its commentary for week 50 of the current wool marketing season. Exporters reported mounting difficulty in securing profitable sales. While Chinese buying persisted, it lacked the usual breadth. Nevertheless, top-making demand from China picked up, with the two largest buyers accounting for over 30 per cent of Merino fleece sales. Indian interest waned over the past fortnight, and European purchasing remained minimal, focused only on high-quality segments. Merino wool prices declined at Australian auctions due to extremely low supply and a stronger Australian dollar, despite slight gains in US and Chinese yuan terms. Exporters reported profitability challenges, with weaker demand from India and Europe, though Chinese top-maker interest remained strong. Crossbred and carding wools outperformed, rising 10â€'20 cents. Amid fragile global trade sentiment, buyers were reluctant to stockpile inventory, leading to reduced competition for less desirable wool types. However, strong top-maker activity in China helped support pricing for these lots. In contrast, crossbred and carding wool types defied the downtrend, with prices rising by 10 to 20 Australian cents across most categories, despite the adverse currency movements, the AWI commentary added. Grower willingness to sell remained firm, with only 8.3 per cent of lots passed in and clearance rates exceeding 90 per cent. Next week's offering is expected to total approximately 22,000 bales. Fremantle will not hold a sale, instead building supply for Week 52. Auctions in Sydney and Melbourne are scheduled for Tuesday and Wednesday, though with reduced catalogue sizes. Fibre2Fashion News Desk (KD)
Yahoo
2 days ago
- Business
- Yahoo
2 Reasons to Like AWI and 1 to Stay Skeptical
Armstrong World has been treading water for the past six months, holding steady at $154.10. Is now the time to buy AWI? Or does the price properly account for its business quality and fundamentals? Find out in our full research report, it's free. Started as a two-man shop dating back to the 1860s, Armstrong (NYSE:AWI) provides ceiling and wall products to commercial and residential spaces. A company's long-term sales performance can indicate its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Luckily, Armstrong World's sales grew at a decent 7.5% compounded annual growth rate over the last five years. Its growth was slightly above the average industrials company and shows its offerings resonate with customers. If you've followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can't use accounting profits to pay the bills. Armstrong World has shown terrific cash profitability, putting it in an advantageous position to invest in new products, return capital to investors, and consolidate the market during industry downturns. The company's free cash flow margin was among the best in the industrials sector, averaging 19.6% over the last five years. We can better understand Building Materials companies by analyzing their organic revenue. This metric gives visibility into Armstrong World's core business because it excludes one-time events such as mergers, acquisitions, and divestitures along with foreign currency fluctuations - non-fundamental factors that can manipulate the income statement. Over the last two years, Armstrong World's organic revenue averaged 4.1% year-on-year growth. This performance was underwhelming and suggests it may need to improve its products, pricing, or go-to-market strategy, which can add an extra layer of complexity to its operations. Armstrong World's merits more than compensate for its flaws, but at $154.10 per share (or 21.5× forward P/E), is now the right time to buy the stock? See for yourself in our comprehensive research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fibre2Fashion
30-05-2025
- Business
- Fibre2Fashion
Australian wool auctions see stable prices amid weak trading margins
This week's Australian wool auctions concluded with minimal movement in prices, as a calm auction environment and a stable Australian dollar kept the market steady, according to Australian Wool Innovation (AWI). Despite firm competition from China's top wool processor and select Indian and Chinese buyers, price adjustments were negligible. Australian wool auctions remained stable this week amid calm trading and a steady AUD. Despite firm competition, prices saw little change, with select high-quality lots fetching up to 10 per cent premiums. Exporters face tight margins, and declining bale volumesâ€'down 10â€'15 per centâ€'are impacting the wider industry. Around 23,600 bales are set for auction next week. 'Some notable prices were paid this week, notwithstanding the general unchanged nature of the market. These prices fetched around 10 per cent premiums and almost predominantly for the highest accreditation sale lots or the best quality and properly prepared wools on offer. This was on wools testing from 14.4 micron right through to 20 micron, although quantity limited,' the AWI commentary on week 48 of the current Australian wool marketing season said. Offshore demand held the market steady, but exporters reported increasingly tight margins, with some trades near break-even or loss-making. The subdued conditions are affecting all segments of the local wool industry, from growers to brokers and logistics providers, as bale volumes continue to decline by an estimated 10 to 15 per cent. With inflation impacting the broader economy, local supply chain players face limited scope to lower costs for clients. Instead, business owners are focusing on internal savings to remain viable. Approximately 23,600 bales are scheduled for auction next week, with Fremantle not offering due to seasonal constraints. Fibre2Fashion News Desk (HU)
Yahoo
24-05-2025
- General
- Yahoo
Paul Smith's College launches watercraft inspection season
PAUL SMITHS — Paul Smith's College Adirondack Watershed Institute has opened its season of managing the largest aquatic invasive species spread prevention program in New York State. The college's team of watercraft inspection stewards recently gathered on campus for their intensive in-person training. During the training, AWI's Aquatic Invasive Species Program Director Brett Wimsatt welcomed the new cohort with a message from outdoor recreation and conservation advocate Doug Duren: 'It's not ours, it's just our turn.' This sentiment resonates deeply with the mission of AWI stewards, whose work protects water resources of the Adirondacks for future generations. Eurasian watermilfoil, variable leaf milfoil and curly-leaf pondweed are the most common invasives found in Adirondack waterways. Water chestnut, spiny water flea, Asian clams and zebra mussels are not as common but just are as threatening. These nonnative plants and animals degrade water quality, significantly limit fishing, swimming and boating opportunities, and cost towns and lake associations millions of dollars to manage. In continued partnership with the New York State Department of Environmental Conservation, the Lake Champlain Basin Program, and numerous local towns, villages, and lake associations, AWI watercraft inspection stewards will offer free inspections and boat washing services to the public. Stewards will be stationed at more than 60 boat launches and road-side locations throughout the Adirondack region, educating boaters, anglers, and other visitors on the harmful impacts of aquatic invasive species and emphasizing New York State's crucial Clean, Drain, Dry standard. 'We deeply appreciate the boating public's active participation in this effort. When you take the extra few minutes to stop for a boat inspection or boat wash, you're not just complying with regulations, you are being a good partner in conservation,' Wimsatt said. 'Our collective responsibility makes a difference in safeguarding the waterways we all enjoy.' AWI's extensive spread prevention network strategically places stewards at both popular, high-traffic launches, including those on Lake Placid, Great Sacandaga, and Lake Champlain, and along key travel corridors across northern New York. This comprehensive coverage also extends to smaller, more remote water bodies, such as those found in the St. Regis Canoe Area, where the risk of invasive species introduction and rapid spread between interconnected lakes is particularly high. The boat inspection and decontamination stations are cooperatively funded by New York State's Environmental Protection Fund and the Lake Champlain Basin Program who encourage everyone to learn and practice Clean, Drain, Dry techniques. Information about inspection and decontamination station locations, aquatic invasive species ecology and steps the public can take to maintain the quality of New York's waterways is at The mission of Paul Smith's College Adirondack Watershed Institute is to protect clean water, conserve habitat, and support the health and well-being of the people in the Adirondacks through science, collaboration, and real-world experiences for students. Learn more at
Yahoo
22-05-2025
- Business
- Yahoo
Armstrong World Industries Releases 2025 Sustainability Report, Showcasing Initiatives in Decarbonization, Circularity and Community Impact
LANCASTER, Pa., May 22, 2025--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE: AWI), a leader in the design, innovation and manufacture of interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, today announced the release of its fifth annual Sustainability Report. The report highlights strides made in 2024 across AWI's three sustainability pillars: Healthy and Circular Products, Healthy Planet and Thriving People and Communities, all aligned with the company's purpose of making a positive difference in the spaces where people live, work, learn, heal and play. "Sustainability has been a fundamental part of Armstrong since its founding 165 years ago and continues to be central to our value creation strategy," stated Vic Grizzle, President and CEO of AWI. "This report reflects the dedication of our team to further embed sustainability throughout our operations and innovate products that support our customers' sustainability goals. This includes our focus on innovative products, such as our Templok® Energy Saving Ceilings and Ultima® Low Embodied Carbon ceiling panels, which aim to reduce energy consumption and carbon emissions generated by the construction and operations of buildings. I am proud of the dedication our team has shown to advance our sustainability goals and to further strengthen the resilience of our company." Key highlights from AWI's 2025 Sustainability Report include progress on reducing the use of chemicals of concern in materials; launching the Ultima® Low Embodied Carbon (LEC) ceiling panels, which reduce material-related carbon emissions by 43% compared with standard Armstrong Ultima® ceiling panels; and further expanding our Templok® Energy Saving Ceilings portfolio, providing more options for customers to reduce energy costs and operational carbon in buildings. Armstrong also contributed nearly $1 million in total community giving through the AWI Foundation and corporate initiatives. AWI prepared this report in accordance with the GRI Standards and has also aligned its reporting with the following frameworks and standards: Sustainability Accounting Standards Board (SASB), Construction Materials Standards, the Task Force on Climate-Related Financial Disclosures (TCFD) and the International Sustainability Standards Board (ISSB) IFRS S2 Climate-related Disclosures. This report also serves as Armstrong World Industries United Nations Global Compact Communication on Progress. View the complete report here to explore AWI's full 2024 sustainability performance and future commitments. About Armstrong World Industries Armstrong World Industries, Inc. is an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions. For more than 160 years, AWI has delivered products and capabilities that enable architects, designers and contractors to transform building design and construction with elevated aesthetics, acoustics and sustainable attributes. With $1.4 billion in revenue in 2024, AWI has approximately 3,600 employees and a manufacturing network of 20 facilities, plus seven facilities dedicated to its WAVE joint venture. AWI has been recognized one of America's Greenest Companies and one of America's Most Responsible Companies by Newsweek for 2025. View source version on Contacts Theresa Womble, VP, Investor Relations and Corporate Communicationstlwomble@ or (717) 396-6354 Sign in to access your portfolio
