Welcome to our dedicated page for Amer Woodmk news (Ticker: AMWD), a resource for investors and traders seeking the latest updates and insights on Amer Woodmk stock.
American Woodmark Corporation reports developments for a cabinet manufacturer serving remodeling and new home construction markets. Its updates center on operating results, sales trends, liquidity, debt and revolving-credit capacity, and demand across channels that include major home centers, builders, and independent dealers and distributors.
The company's news also covers governance and shareholder matters, including board composition, committee-related changes, material agreements, and votes tied to corporate actions. Product and brand context includes kitchen and bath cabinetry, vanities, home organization products, hardware, and brands such as American Woodmark, Timberlake, Shenandoah Cabinetry, and Waypoint Living Spaces.
American Woodmark (NASDAQ: AMWD) announced its fiscal fourth quarter and full-year results for 2024. The company reported a 5.8% decrease in quarterly net sales to $453.3 million and an 11.1% decrease in net income to $26.8 million. Adjusted EPS stood at $1.70, and Adjusted EBITDA dropped 16.2% to $54.7 million. For the full fiscal year, net sales fell by 10.6% to $1,847.5 million, but net income rose 24% to $116.2 million. Full-year Adjusted EPS was $8.53, and Adjusted EBITDA increased by 5.2% to $252.8 million. The company generated $230.8 million in operating cash and $138.5 million in free cash flow, repurchasing 1,108,715 shares for $87.7 million. Fiscal 2025 outlook includes a low single-digit net sales increase and Adjusted EBITDA between $235 million and $255 million.
American Woodmark (AMWD) announced an online conference call to discuss its fourth-quarter results on May 23, 2024. The webcast will be available on americanwoodmark.com, with a live broadcast starting at 4:30 p.m. (Eastern Time). A replay will be accessible online for 30 days and a telephonic replay can be accessed from May 23 to May 30 by dialing 877-344-7529 and entering passcode 7005514.
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