Armstrong World Industries (AWI) Continued its Strong Performance in Q3

The London Company, an investment management company, released “The London Company SMID Cap Strategy” third quarter 2024 investor letter. A copy of the letter can be downloaded here. US equities rose in the third quarter with most of the indices reporting mid-single-digit gains. The portfolio returned 2.2% (2%, net) compared to an 8.8% increase for the Russell 2500 Index. Both stock selection and sector exposure led the portfolio to underperform in the quarter. For more information on...