Armstrong Earnings Soar, Special Dividend on Tap

Lancaster, PA, February 29, 2008--Armstrong World Industries Inc. said fourth-quarter earnings from continuing operations rose to $21 million, or $.37 cents a share, up from $3.3 million, or $.06 cents a share, a year ago.

Revenue rose 4 percent to $852.4 million from $817.3 million a year earlier.

Armstrong forecasts adjusted earnings of $2.30 to $2.90 a share on revenue of $3.5 billion to $3.65 billion for this year.

Armstrong's board declared a special cash dividend of $4.50 per common share, payable March 31 to shareholders of record on March 11.