Dec 19, 2023
Welcome to another episode of SCOUT. We’ve produced this podcast series to give clients and friends a view into SouthernSun’s investment process.
Sit back and enjoy today’s latest episode of our podcast, “SCOUT: On the Road with SouthernSun” about Armstrong World Industries, a company within the SouthernSun portfolio that:
IS A CLEAR NICHE LEADER.
In the ceilings industry, Armstrong boasts more than a 50% market share. Its closest competitor is less than half Armstrong’s size. And this is not just a passing trend … Armstrong has had this stronghold for about 30 years.
REINVESTS WISELY.
Armstrong management has a track record of reinvesting in its core business to reinforce and enhance its strong competitive position. Since 2016, Armstrong has returned to shareholders over $1 billion in dividends and share repurchases.
RELENTLESSLY INNOVATES, DESPITE BEING 160 YEARS OLD.
One of the oldest American companies, Armstrong finds itself being the answer to its customers’ ceiling needs. Its industry-leading service levels engender customer loyalty. And its consistent rate of new products and services show that it is a company that doesn’t rest on its laurels – rather, Armstrong strives to continuously meet the evolving needs of its customers.
Important
Disclosures:
This information is confidential, may
not be reproduced or circulated in whole or in part, and is
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professional investors or professional clients. Any transmittal of
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consent of SouthernSun, is strictly prohibited.
Regulatory Disclosures:
This material is provided for informational purposes only and is only directed at persons who may lawfully receive it. You should satisfy yourself that you are lawfully permitted to receive this. This material is not intended to be relied upon as a forecast or research and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy nor is it investment advice. Past performance is not a reliable indicator of future performance.
SouthernSun Asset Management, LLC is registered with the United States Securities and Exchange Commission (“SEC”) as an investment adviser.
SouthernSun Asset Management (UK) Ltd., a subsidiary of SouthernSunAsset Management LLC, is a UK domiciled limited company that is authorized and regulated by the Financial Conduct Authority.
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