8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 30, 2012

ARMSTRONG WORLD INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

Pennsylvania	1-2116	23-0366390
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)
2500 Columbia Avenue P.O. Box 3001 Lancaster, Pennsylvania		17603
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (717) 397-0611

NA

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2—Financial Information

Item 2.02 Results of Operations and Financial Condition.

On April 30, 2012, Armstrong World Industries, Inc. (the “Company”) issued a press release announcing its first quarter 2012 consolidated financial results. The full text of the press release is attached hereto as Exhibit 99.1.

The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished herewith and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Act”), or the Exchange Act, except as expressly set forth by specific reference in such filing.

Section 7 – Regulation FD

Item 7.01 Regulation FD Disclosure.

As previously announced, the Company will report its first quarter 2012 consolidated financial results via a webcast and conference call on Monday, April 30, 2012 at 1:00 p.m. Eastern which can be accessed through the “For Investors” section of the Company’s website, www.armstrong.com. During this report, the Company will reference a slide presentation, a copy of which is attached hereto as Exhibit 99.2 and incorporated herein by reference.

The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2, is being furnished herewith and shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Act, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

No. 99.1	Press Release of Armstrong World Industries, Inc. dated April 30, 2012
No. 99.2	Earnings Call Presentation First Quarter 2012 dated April 30, 2012

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ARMSTRONG WORLD INDUSTRIES, INC.
By:	/s/ Mark A. Hershey
	Mark A. Hershey
	Senior Vice President, General Counsel and Secretary

Date: April 30, 2012

3

EX-99.1

Exhibit 99.1

Armstrong World Industries Reports First Quarter 2012 Results

Key Highlights

• Operating income of $41.6 million, down 20% over the 2011 period

• Adjusted EBITDA of $82 million, down 11% over the 2011 period

• Management announces closure of idled Mobile, AL Building Products facility

• Special dividend of $8.55 per share partially funded by incremental borrowing of $250 million under existing credit facility

LANCASTER, Pa., April 30, 2012 /PRNewswire via COMTEX/ —Armstrong World Industries, Inc. (NYSE: AWI), a global leader in the design and manufacture of floors, ceilings, and cabinets, today reported first quarter 2012 results.

First Quarter Results

(Amounts in millions except per share data)	Three Months Ended March 31,
	2012		2011		Change
Net sales	$	668.0	$	685.2		(2.5	)%
Operating income		41.6		52.1		(20.2	)%
Net income		18.2		13.5		34.8	%
Diluted earnings per share	$	0.31	$	0.23		34.8	%

Consolidated net sales decreased as improved pricing and favorable product mix were unable to offset volume declines. Volumes declined across all businesses and geographies, particularly in Europe.

The decline in operating income was driven by lower volumes and input cost inflation, a lower pension credit, and lower earnings from the WAVE joint venture, which were only partially offset by favorable price and reduced SG&A expense. Input cost inflation increased by approximately $7 million versus first quarter 2011, driven by an array of items. First quarter 2012 operating income was also impacted by approximately $15 million of accelerated depreciation and impairment charges associated with the closure of the previously idled Mobile, AL Building Products facility. Net income increased primarily due to lower income tax expense when compared to the prior year.

“First quarter sales came in slightly below our expectations due primarily to weaker demand in North American commercial markets late in the quarter and temporary service issues in our Wood business,” said Matt Espe, President and CEO. “Despite soft sales we delivered adjusted EBITDA of $82 million, which was in the middle of our guidance range. End-market demand recovery remains spotty and inconsistent in some markets, especially Europe. We do, however, continue to feel good about our opportunity in residential markets, especially for residential renovation activity as improving consumer confidence drives demand in the second half of 2012.”

(Non-GAAP) Financial Metrics*

(Amounts in millions except per share data)	Three Months Ended March  31,
	2012			2011			Change
Adjusted operating income	$	57		$	66			(14	)%
Adjusted net income		28			30			(7	)%
Adjusted diluted earnings per share	$	0.47		$	0.51			(7	)%
Free cash flow	$	(50	)	$	(44	)		(14	)%

(Amounts in millions except per share data)	Three Months Ended March  31,
	2012			2011			Change
Adjusted EBITDA
Building Products	$	71		$	81			(13	)%
Resilient Flooring		19			15			30	%
Wood Flooring		5			5			(9	)%
Cabinets		(1	)		—			Unfavorable
Unallocated Corporate		(12	)		(8	)		(41	)%
Consolidated Adjusted EBITDA	$	82		$	93			(11	)%

* The Company uses the above non-GAAP adjusted measures, as well as other non-GAAP measures mentioned below, in managing the business and believes the adjustments provide meaningful comparisons of operating performance between periods. Adjusted operating income and adjusted EBITDA exclude the impact of foreign exchange, restructuring charges and related costs, impairments, and certain other gains and losses related to discrete unusual items. Adjusted figures are reconciled to the most comparable GAAP measures in tables at the end of this release.

Declines in adjusted operating income and EBITDA were driven by lower volumes and input cost inflation, a lower pension credit, and lower earnings from WAVE, which were only partially offset by favorable price and reduced manufacturing and SG&A expense. Adjusted net income and earnings per share also benefited from a reduction in the expected rate from 42% to 40%. The reduction in free cash flow was primarily due to increases in capital expenditures partially offset by higher after tax cash earnings.

Significant Q1 2012 actions

• Declared a special cash dividend of $8.55 per share (approximately $500 million), which was partially funded by an additional $250 million of borrowing through an expansion of the existing credit facility. The dividend was paid on April 10, 2012 to shareholders of record as of April 3, 2012. Credit ratings were reaffirmed after the payment of the special dividend.

• Entered into interest rate swaps with notional amounts of $250 million in order to fix a portion of interest rate expense in connection with the expansion of the credit facility.

• Completed construction of the West Virginia mineral wool plant.

• Announced the closure of the previously idled Mobile, AL Building Products facility.

First Quarter Segment Highlights

Building Products

	Three Months Ended March 31,
	2012		2011		Change
Total segment net sales	$	303.1	$	306.9		(1.2	)%
Operating income	$	43.3	$	61.5		(29.6	)%

Net sales decreased as favorable pricing and mix only partially offset volume declines in all geographies. Operating income decreased as the first quarter of 2012 was impacted by approximately $15 million of accelerated depreciation and impairment charges associated with the closure of the previously idled Mobile, AL facility and approximately $4 million of previously announced costs associated with the end of the lockout at the Marietta, PA plant. Price improvements and reductions in SG&A expenses were unable to offset lower volumes, lower earnings from WAVE, and the costs described above.

Resilient Flooring

	Three Months Ended March 31,
	2012		2011			Change
Total segment net sales	$	227.3	$	234.7			(3.2	)%
Operating income (loss)	$	10.7	$	(1.3	)		Favorable

Net sales decreased as favorable mix was unable to offset volume declines across all geographies.

Operating income increased as reduced manufacturing costs and SG&A expenses more than offset the impact of lower volumes and raw material inflation. The 2011 operating loss included approximately $8.2 million of charges in the European Resilient flooring business related to severance and restructuring related activities.

Wood Flooring

	Three Months Ended March 31,
	2012		2011		Change
Total segment net sales	$	105.6	$	111.0		(4.9	)%
Operating income	$	2.5	$	3.5		(28.6	)%

Net sales decreased as volumes, price and mix were unfavorable compared to the prior year. Lower sales to Big Box customers were only partially offset by higher sales to independent retail customers. Shipments were negatively impacted as orders outpaced production capacity. To address the shipment backlog, we are adding back additional crewing and staffing at three plants. If not for capacity constraints, sales year on year would have improved. Operating income decreased primarily due to the margin impact of lower volumes.

Cabinets

	Three Months Ended March 31,
	2012			2011			Change
Total segment net sales	$	32.0		$	32.6			(1.8	)%
Operating (loss)	$	(1.1	)	$	(0.8	)		(37.5	)%

Net sales decreased as mix improvements only partially offset volume declines. Operating loss increased as higher input costs and lower volumes were only partially offset by favorable mix.

Corporate

Unallocated corporate expense of $13.8 million in the first quarter of 2012 increased from $10.8 million in the prior year primarily due to a $3.5 million lower pension credit.

Market Outlook and Guidance

“We are reaffirming our full year sales guidance of $2.9 to $3.0 billion, and now expect to be at the lower end of that range,” said Tom Mangas, Senior Vice President and CFO. “We are also reaffirming our EBITDA guidance of $420 to $460 million, which we expect to achieve even if sales are at the lower end of our full year guidance. Second quarter sales and EBITDA are expected to be in the range of $740 to $780 million and $105 to $125 million, respectively.”

Additional forward looking non-GAAP metrics are available in the earnings call and investor presentations available on the web site at http://www.armstrong.com/ under the Investor Relations tab.

Earnings Webcast

Management will conduct a discussion for shareholders during a live Internet broadcast beginning at 1:00 p.m. Eastern time today. This event will be broadcast live on the Company’s Web site. To access the call and accompanying slide presentation, go to www.armstrong.com. and click “For Investors”. The replay of this event will also be available on the Company’s Web site for up to one year after the date of the call.

Uncertainties Affecting Forward-Looking Statements

Disclosures in this release, including without limitation, those relating to future financial results guidance and in other public documents and comments contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements provide our future expectations or forecasts and can be identified by our use of words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “outlook,” and other words or phrases of similar meaning in connection with any discussion of future operating or financial performance. Forward-looking statements, by their nature, address matters that are uncertain and involve risks because they relate to events and depend on circumstances that may or may not occur in the future. A more detailed discussion of the risks and uncertainties that could cause our actual results to differ materially from those projected, anticipated or implied is included in the “Risk Factors” and “Management’s Discussion and Analysis” sections of our recent reports on Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission (“SEC”). As a result, our actual results may differ materially from our expected results and from those expressed in our forward-looking statements. Forward- looking statements speak only as of the date they are made. We undertake no obligation to update any forward-looking statements beyond what is required under applicable securities law.

About Armstrong and Additional Information

More details on the Company’s performance can be found in its quarterly report on Form 10-Q for the quarter ended March 31, 2012 that will be filed with the SEC today.

Armstrong World Industries, Inc. is a global leader in the design and manufacture of floors, ceilings and cabinets. In 2011, Armstrong’s consolidated net sales totaled approximately $2.9 billion. As of March 31, 2012, Armstrong operated 32 plants in eight countries and had approximately 9,100 employees worldwide. For more information, visit http://www.armstrong.com/.

As Reported Financial Highlights

FINANCIAL HIGHLIGHTS

Armstrong World Industries, Inc., and Subsidiaries

(amounts in millions, except for per-share amounts)

Unaudited

	Three Months Ended March 31,			Three Months Ended March 31,
	2012			2011
Net sales	$	668.0		$	685.2
Cost of goods sold		523.2			524.5
Selling, general and administrative expenses		116.6			120.1
Restructuring charges, net		0.2			4.9
Equity (earnings) from joint venture		(13.6	)		(16.4	)
Operating income		41.6			52.1
Interest expense		11.2			14.8
Other non-operating expense		—			0.3
Other non-operating (income)		(0.8	)		(0.6	)
Earnings before income taxes		31.2			37.6
Income tax expense		13.0			24.1
Net income	$	18.2		$	13.5
Other comprehensive income, net of tax
Foreign currency translation adjustments		5.3			11.4
Derivative (loss) gain		(2.3	)		1.1
Pension and postretirement adjustments		2.4			3.3
Total other comprehensive income		5.4			15.8
Total comprehensive income	$	23.6		$	29.3
Earnings per share of common stock:
Basic	$	0.31		$	0.23
Diluted	$	0.31		$	0.23
Average number of common shares outstanding:
Basic		58.6			58.1
Diluted		59.1			58.8
Dividends declared per common share	$	8.55		$	—

SEGMENT RESULTS

Armstrong World Industries, Inc., and Subsidiaries

(amounts in millions)

Unaudited

	Three Months Ended March 31,
Net sales	2012		2011
Building Products	$	303.1	$	306.9
Resilient Flooring		227.3		234.7
Wood Flooring		105.6		111.0
Cabinets		32.0		32.6
Total net sales	$	668.0	$	685.2

	Three Months Ended March 31,
Operating income (loss)	2012			2011
Building Products	$	43.3		$	61.5
Resilient Flooring		10.7			(1.3	)
Wood Flooring		2.5			3.5
Cabinets		(1.1	)		(0.8	)
Unallocated Corporate (expense)		(13.8	)		(10.8	)
Total Operating income	$	41.6		$	52.1

Selected Balance Sheet Information

(amounts in millions)

	(Unaudited) March 31, 2012		December 31, 2011
Assets
Current assets	$	1,468.3	$	1,209.3
Property, plant and equipment, net		906.9		902.9
Other noncurrent assets		886.9		882.5
Total assets	$	3,262.1	$	2,994.7
Liabilities and shareholders’ equity
Current liabilities	$	890.6	$	386.1
Noncurrent liabilities		1,714.5		1,478.4
Equity		657.0		1,130.2
Total liabilities and shareholders’ equity	$	3,262.1	$	2,994.7

Selected Cash Flow Information

(amounts in millions)

Unaudited

	Three Months Ended March 31,
	2012			2011
Net income	$	18.2		$	13.5
Other adjustments to reconcile net income to net cash used for operating activities		30.9			30.9
Changes in operating assets and liabilities, net		(82.2	)		(80.5	)
Net cash (used for) operating activities		(33.1	)		(36.1	)
Net cash (used for) investing activities		(15.5	)		(7.8	)
Net cash provided by (used for) financing activities		249.6			(32.9	)
Effect of exchange rate changes on cash and cash equivalents		1.7			5.4
Net increase (decrease) in cash and cash equivalents		202.7			(71.4	)
Cash and cash equivalents, beginning of period		480.6			315.8
Cash and cash equivalents, end of period	$	683.3		$	244.4

Supplemental Reconciliations of GAAP to non-GAAP Results (unaudited)

(Amounts in millions, except per share data)

To supplement its consolidated financial statements presented in accordance with accounting principles generally accepted in the United States (GAAP), the Company provides additional measures of performance adjusted to exclude the impact of foreign exchange, restructuring charges and related costs, impairments, and certain other gains and losses. The Company uses these adjusted performance measures in managing the business, including communications with its Board of Directors and employees, and believes that they provide users of this financial information with meaningful comparisons of operating performance between current results and results in prior periods. The Company believes that these non-GAAP financial measures are appropriate to enhance understanding of its past performance, as well as prospects for its future performance. A reconciliation of these adjustments to the most directly comparable GAAP measures is included in this release and on the website. These non-GAAP measures should not be considered in isolation or as a substitute for the most comparable GAAP measures. Non-GAAP financial measures utilized by the Company may not be comparable to non-GAAP financial measures used by other companies.

CONSOLIDATED	Three Months Ended March 31,
	2012			2011
Adjusted EBITDA	$	82		$	93
D&A/Fx*		(25	)		(27	)
Operating Income, Adjusted	$	57		$	66
Cost reduction initiatives expense		11			10
Restructuring		—			5
Impairment		5			—
Foreign exchange impact		(1	)		(1	)
Operating Income, Reported	$	42		$	52

* Excludes accelerated depreciation associated with cost reduction initiatives reflected below. Actual D&A as reported is; $34 million for the three months ended March 31, 2012 and $32 million for the three months ended March 31, 2011.

BUILDING PRODUCTS	Three Months Ended March 31,
	2012			2011
Adjusted EBITDA	$	71		$	81
D&A/Fx		(13	)		(13	)
Operating Income, Adjusted	$	58		$	68
Cost reduction initiatives expense		10			5
Restructuring		—			2
Impairment		5			—
Foreign exchange impact		—			(1	)
Operating Income, Reported	$	43		$	62

RESILIENT FLOORING	Three Months Ended March 31,
	2012			2011
Adjusted EBITDA	$	19		$	15
D&A/Fx		(7	)		(8	)
Operating Income, Adjusted	$	12		$	7
Cost reduction initiatives expense		1			6
Restructuring		—			3
Foreign exchange impact		—			(1	)
Operating Income (Loss), Reported	$	11		$	(1	)

WOOD FLOORING	Three Months Ended March 31,
	2012			2011
Adjusted EBITDA	$	5		$	5
D&A/Fx		(3	)		(2	)
Operating Income, Adjusted	$	2		$	3
Foreign exchange impact		—			—
Operating Income, Reported	$	2		$	3

CABINETS	Three Months Ended March 31,
	2012			2011
Adjusted EBITDA	$	(1	)	$	—
D&A/Fx		—			(1	)
Operating (Loss), Adjusted	$	(1	)	$	(1	)
Foreign exchange impact		—			—
Operating (Loss), Reported	$	(1	)	$	(1	)

UNALLOCATED CORPORATE	Three Months Ended March 31,
	2012			2011
Adjusted EBITDA	$	(12	)	$	(8	)
D&A/Fx		(2	)		(3	)
Operating (Loss), Adjusted	$	(14	)	$	(11	)
Cost reduction initiatives expense		—			(1	)
Foreign exchange impact		(1	)		1
Operating (Loss), Reported	$	(13	)	$	(11	)

	Three Months Ended
CONSOLIDATED	March 31, 2012					March 31, 2011
	Total			Per Share		Total			Per Share
Adjusted EBITDA	$	82				$	93
D&A as reported		(34	)				(32	)
Accelerated Deprecation		9					5
Operating Income, Adjusted	$	57				$	66
Other non-operating (expense)		(10	)				(14	)
Earnings Before Taxes, Adjusted		47					52
Adjusted tax (expense) @ 40% for 2012 and 42% for 2011		(19	)				(22	)
Net Earnings, Adjusted	$	28		$	0.47	$	30		$	0.51
Pre-tax adjustment items		(15	)				(14	)
Reversal of adjusted tax expense @ 40% for 2012 and 42% for 2011		19					22
Ordinary tax		(10	)				(19	)
Unbenefitted foreign losses		(4	)				(5	)
Federal Medicare Subsidy Adjustment		—					—
Net Earnings, Reported	$	18		$	0.31	$	14		$	0.23

CASH FLOW	Three Months Ended March 31,
Free Cash Flow	2012			2011
Net Cash From Operations	$	(33	)	$	(36	)
Less: net cash provided by (used for) investing		(16	)		(8	)
Add back (subtract) adjustments to reconcile to free cash flow
Restricted Cash		(1	)		—
Free Cash Flow	$	(50	)	$	(44	)

EX-99.2

Exhibit 99.2

Earnings Call Presentation 1st Quarter 2012 April 30, 2012

Safe Harbor Statement Our disclosures in this presentation, including without limitation, those relating to future financial results guidance, and in our other public documents and comments contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Those statements provide our future expectations or forecasts and can be identified by our use of words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "outlook," and other words or phrases of similar meaning in connection with any discussion of future operating or financial performance. Forward-looking statements, by their nature, address matters that are uncertain and involve risks because they relate to events and depend on circumstances that may or may not occur in the future. A more detailed discussion of the risks and uncertainties that may affect our ability to achieve the projected performance is included in the "Risk Factors" and "Management's Discussion and Analysis" sections of our recent reports on Forms 10-K and 10-Q filed with the SEC. As a result, our actual results may differ materially from our expected results and from those expressed in our forward-looking statements. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update any forward-looking statements beyond what is required under applicable securities law. In addition, we will be referring to non-GAAP financial measures within the meaning of SEC Regulation G. A reconciliation of the differences between these measures with the most directly comparable financial measures calculated in accordance with GAAP are included within this presentation and available on the Investor Relations of our website at www.armstrong.com. The guidance in this presentation is only effective as of the date given, April 30, 2012, and will not be updated or affirmed unless and until we publicly announce updated or affirmed guidance. 2

All figures throughout the presentation are in $ millions unless otherwise noted. Figures may not add due to rounding. Basis of Presentation Explanation When reporting our financial results within this presentation, we make several adjustments. Management uses the non-GAAP measures below in managing the business and believes the adjustments provide meaningful comparisons of operating performance between periods. As reported results will be footnoted throughout the presentation. 3 We report in comparable dollars to remove the effects of currency translation on the P&L. The budgeted exchange rate for the current year is used for all currency translations in the current year and prior years. We remove the impact of discrete expenses and income. Examples include plant closures, restructuring actions, and other large unusual items. Taxes for normalized Net Income and EPS are calculated using a constant 40% for 2012 and 42% for 2011, which are based on the full year historical tax rate. Comparable Dollars Other Adjustments Net Sales Yes No Gross Profit Yes Yes SG&A Expense Yes Yes Equity Earnings Yes Yes Operating Income Yes Yes Net Income Yes Yes Cash Flow No No Return on Capital Yes Yes EBITDA Yes Yes What Items Are Adjusted

As reported Net Sales: $668 million in 2012 and $685 million in 2011 As reported Operating Income : $42 million in 2012 and $52 million in 2011 As reported EPS: $0.31 in 2012 and $0.23 in 2011 Excludes special dividend of $8.55 per share (~ $500M) paid April 10, 2012 Key Metrics - First Quarter 2012 2012 2011 Variance Net Sales (1) $663 $677 (2.0)% Operating Income (2) 57 66 (13.9)% % of Sales 8.6% 9.8% (120) bps EBITDA 82 93 (11.3)% % of Sales 12.4% 13.7% (130) bps Earnings Per Share (3) $0.47 $0.51 (7.4)% Free Cash Flow (50) (44) (13.6)% Net Debt 409(4) 604 (195) 4

2012 2011 V EBITDA- Adjusted $82 $93 ($11) Depreciation and Amortization (25) (27) 2 Operating Income - Adjusted $57 $66 ($9) Foreign Exchange Movements 1 1 - Cost Reduction Initiatives (2) (5) 3 Accelerated Depreciation (not included above) (9) (5) (4) Restructuring - (5) 5 Impairments (5) - (5) Operating Income - As Reported $42 $52 ($10) Interest (Expense) (11) (14) 3 EBT $31 $38 ($7) Tax (Expense) (13) (24) 11 Net Income $18 $14 $4 First Quarter 2012 vs. PY- Adjusted EBITDA to Reported Net Income 5

First Quarter Sales and EBITDA by Segment - 2012 vs. PY 6

($12) EBITDA Bridge - First Quarter 2012 vs. Prior Year 7 $7 $4 $5 ($3)

Free Cash Flow - First Quarter 2012 vs. Prior Year 8

2012 Estimate Range 2012 Estimate Range 2012 Estimate Range 2011 Variance Variance Variance Net Sales(1) 2,900 to 3,000 2,819 3% to 6% Operating Income(2) 310 to 350 272 14% to 29% EBITDA 420 to 460 377 11% to 22% Earnings Per Share(3) $2.65 to $3.05 $2.23 19% to 37% Free Cash Flow 50 to 100 170 (71%) to (41%) Sales figures include foreign exchange impact As reported Operating Income: $270 - $310 million in 2012 and $239 million 2011 As reported earnings per share: $2.35- $2.75 in 2012 and $1.90 in 2011 Key Metrics - Guidance 2012 9

2012 Financial Outlook $25 - $35 million increase Adjusted Gross Margin +100 to +150 bps vs. 2011 $12 million; 60% manufacturing, 40% SG&A $0 - $5 million vs. 2011 $10 - $20 million. Adjusted ETR of ~40% Sales $740 - $780 million EBITDA $105 - $125 million $240 - $270 million $10 - $15 million associated with already announced actions Raw Material & Energy Inflation Manufacturing Productivity U.S. Pension Credit* Earnings from WAVE Cash Taxes/ETR Q2 Capital Spending Exclusions from EBITDA* 10 * Changed from February Outlook

Appendix 11

2012 Estimate Range 2012 Estimate Range 2012 Estimate Range Adjusted Operating Income 310 to 350 D&A 110 110 110 Adjusted EBITDA 420 to 460 Changes in Working Capital (20) to - Capex (240) to (270) Pension Credit (12) (12) (12) Interest Expense (50) to (55) Cash Taxes (10) to (20) Other, including cash payments for restructuring and one-time items (20) (20) (20) Free Cash Flow 50 to 100 Adjusted Operating Income to Free Cash Flow 12

First Quarter First Quarter First Quarter First Quarter First Quarter First Quarter First Quarter First Quarter First Quarter 2012 Reported Comparability(1) Adjustments FX(2) Adj 2012 Adjusted 2011 Reported Comparability(1) Adjustments FX(2) Adj 2011 Adjusted Net Sales 668 - (5) 663 685 - (8) 677 Operating Income 42 16 (1) 57 52 15 (1) 66 EPS $0.31 $0.17 ($0.01) $0.47 $0.23 $0.29 ($0.01) $0.51 See earnings press release and 10-Q for additional detail on comparability adjustments Eliminates impact of foreign exchange movements Consolidated Results 13

First Quarter First Quarter First Quarter First Quarter First Quarter First Quarter First Quarter 2012 Reported Comparability(1) Adjustments 2012 Adjusted 2011 Reported Comparability(1) Adjustments 2011 Adjusted Building Products 43 15 58 62 6 68 Resilient Flooring 11 1 12 (1) 8 7 Wood Flooring 2 - 2 3 - 3 Cabinets (1) - (1) (1) - (1) Unallocated Corporate (Expense) Income (13) (1) (14) (11) - (11) Segment Operating Income (Loss) 14 Eliminates impact of foreign exchange movements and non-recurring items; see earnings press release and 10-Q for additional detail

First Quarter First Quarter ($ millions) 2012 2011 Net cash from operations ($33) ($36) Net cash (used for) investing (16) (8) Add back (subtract) adjustments to reconcile to free cash flow Restricted cash (1) - Free Cash Flow ($50) ($44) Cash Flow 15