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 (NASDAQ: AMWD) delivers innovative cabinetry solutions for remodeling and new home construction markets. This news hub provides investors and industry professionals with direct access to official announcements, financial updates, and strategic developments from the Virginia-based manufacturer.
Track comprehensive coverage of earnings reports, product innovations, and operational milestones across AMWD's portfolio, including Timberlake, Shenandoah Cabinetry, and Waypoint Living Spaces brands. Our curated news collection simplifies monitoring of manufacturing expansions, sustainability initiatives, and market leadership changes impacting this KCMA-certified cabinetry specialist.
Discover timely updates on AMWD's just-in-time manufacturing advancements, proprietary finish technologies like Tufftech®, and strategic partnerships in the home improvement sector. Bookmark this page for streamlined access to verified information supporting informed analysis of the company's performance in competitive construction materials markets.
American Woodmark Corporation (NASDAQ: AMWD) reported a 4.6% increase in net sales for Q3 fiscal 2023, reaching $480.7 million, driven by growth in builder and distributor channels. Year-to-date net sales surged 16.9% to $1,585.1 million. The company turned a net income of $14.7 million ($0.88 per diluted share) compared to a net loss of $49.3 million in the same quarter last year, aided by the absence of prior pension settlement charges. Adjusted EBITDA rose to $51.0 million, a significant 66.8% increase. Cash flows improved, with $110.8 million generated from operations and a free cash flow of $91.5 million. The company anticipates low double-digit net sales growth and adjusted EBITDA margins for the full fiscal year.
American Woodmark Corporation (NASDAQ: AMWD) will host a live webcast of its third quarter results conference call on February 28, 2023, starting at 11:00 a.m. (Eastern Time). The webcast can be accessed at www.americanwoodmark.com. An online replay will be available for 30 days. Additionally, a telephonic replay will be accessible from 2:00 p.m. (Eastern Time) on February 28 until 2:00 p.m. (Eastern Time) on March 7, by calling 877-344-7529 with passcode 8267894. American Woodmark is a leading cabinet manufacturer with over 10,000 employees, committed to customer satisfaction and creativity.
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