Amer Woodmk Stock Price, News & Analysis

American Woodmark Corporation (NASDAQ: AMWD) reported a 9.1% increase in net sales for Q3 FY2021, totaling $432.0 million, driven by growth in both repair and remodel and new construction sales channels. Net income reached $17.2 million ($1.01 per diluted share), up from $12.8 million ($0.75 per diluted share) in the same quarter last year. However, net income for the first nine months declined to $55.9 million from $61.8 million year-over-year. Adjusted EBITDA increased to $54.1 million, while cash provided by operations was $107.5 million. The company remains focused on ramping up production to meet demand and addressing inflationary pressures.

American Woodmark Corporation (NASDAQ: AMWD) announced the appointment of Emily Videtto to its board of directors. Videtto is currently the Vice President and Chief Marketing Officer at Pella Corporation and has extensive experience in the consumer durables sector, having previously served at GAF, a leading roofing manufacturer. Her marketing and innovation expertise is expected to enhance the board's strategic planning. The company's chairman expressed enthusiasm for her insights into customer experience, which will guide future investments.

American Woodmark Corporation (NASDAQ: AMWD) will conduct a live online conference call on February 25, 2021, at 11:00 a.m. Eastern Time to discuss its third-quarter results. The webcast will be available on their website, with immediate replay for 30 days. A telephonic replay will also be available from 2:00 p.m. Eastern Time on February 25 until 2:00 p.m. on March 4. The company specializes in manufacturing and distributing kitchen, bath, and home organization products across the U.S. and Mexico, operating 17 manufacturing facilities and a distribution center.

American Woodmark Corporation (NASDAQ: AMWD) reported a 4.8% increase in net sales for Q2 fiscal 2021, totaling $448.6 million, driven by strong growth in the repair and remodel channel. However, net sales decreased 2.0% for the first half to $838.7 million. Net income for Q2 was $22.3 million ($1.31 per diluted share), slightly up from the previous year but affected by higher materials and logistics costs. Adjusted EBITDA was $65.0 million (14.5% of sales), with restructuring costs of $2.8 million. Cash on hand stood at $112.6 million, with no term loan maturities until December 2022.

American Woodmark Corporation (NASDAQ: AMWD) will host a live online webcast of its second-quarter results conference call on November 24, 2020, at 11:00 a.m. Eastern Time. The webcast will be accessible on their website and will be followed by a replay available for 30 days. Additionally, a telephonic replay will be offered from 2:00 p.m. Eastern Time on November 24 until 2:00 p.m. December 1. American Woodmark manufactures kitchen, bath, and home organization products, operating 17 facilities across the U.S. and Mexico.

American Woodmark Corporation (NASDAQ: AMWD) reported an 8.7% decline in net sales for Q1 fiscal 2021, totaling $390.1 million due to COVID-19's impact on both remodel and new construction markets.

Net income fell to $16.5 million ($0.97 per diluted share), down from $26.9 million ($1.59 per diluted share) year-over-year. The company faced restructuring costs of $3.5 million and a decline in adjusted EBITDA to $57.0 million (14.6% of net sales). Cash flow remained stable with $40.0 million from operations and $128.1 million in cash on hand.

American Woodmark Corporation (NASDAQ: AMWD) announced new board appointments on August 21, 2020. David Rodriguez, EVP and CHRO at Marriott International, and Scott Culbreth, current President and CEO, will strengthen the board. Rodriguez brings extensive HR expertise from managing a large workforce globally, while Culbreth's operational knowledge enhances board insights. Chairman Vance Tang expressed confidence in their contributions, aiming to build upon the company's culture as a competitive advantage. American Woodmark manufactures cabinetry for new construction and remodeling, operating eighteen facilities in the U.S. and Mexico.

American Woodmark Corporation (NASDAQ: AMWD) will host a webcast conference call on August 25, 2020, at 11:00 a.m. Eastern Time to discuss its first-quarter results. The call will be accessible live on their website and available for replay for 30 days post-event. American Woodmark manufactures kitchen, bath, and home organization products, with operations spanning 18 manufacturing facilities in the U.S. and Mexico, and distributes products through various channels. For more details, visit www.americanwoodmark.com.

American Woodmark Corporation (NASDAQ: AMWD) has announced a leadership transition, appointing M. Scott Culbreth as President and CEO. Culbreth, previously CFO, succeeds S. Cary Dunston, who has retired. Paul Joachimczyk steps into the CFO role, following Culbreth. The changes come after an internal investigation into R. Perry Campbell's breach of company policies, leading to his separation. The board expresses confidence in Culbreth's capabilities to drive future growth. American Woodmark manufactures cabinetry for construction and remodeling, operating 18 manufacturing facilities in the U.S. and Mexico.