American Woodmark to close Monterrey Mexico plant

American Woodmark Corporation is winding down and closing its Monterrey, Mexico plant in response to low market demand and higher input and tariff costs.

Rhea-AI Filing Summary

American Woodmark Corporation is winding down and closing its Monterrey, Mexico plant in response to low market demand and higher input and tariff costs. Operations will be consolidated into its Pacifico plant in Tijuana and, where appropriate, shifted from Mexico to the United States, with the consolidation planned to be substantially completed by June 30, 2026.

Excluding one-time items, the company expects the Mexico Plant Consolidation to generate approximately $7.5 million in annual cost savings beginning in fiscal 2027 by lowering tariff, labor and overhead costs and improving asset and labor efficiency. American Woodmark currently estimates total one-time cash and non-cash charges of approximately $36.0 million to $40.0 million, mostly in fiscal 2027, with additional charges extending into fiscal years ended April 30, 2029 and April 30, 2030.

Insights

Industrial restructuring analyst

American Woodmark takes sizable one-time charges now to pursue ongoing cost savings from a Mexico plant consolidation.

American Woodmark plans to close its Monterrey, Mexico plant, consolidate operations into its Tijuana facility, and, where appropriate, move some production to the United States. Management targets approximately $7.5 million in annual cost savings from fiscal 2027 through lower tariffs, labor and overhead, and better capacity utilization.

The restructuring is expected to generate total one-time charges of $36.0 million to $40.0 million, including significant non-cash impairments and accelerated depreciation in fiscal 2027. Additional cash and non-cash charges of $3.6 million are expected in fiscal years ended April 30, 2029 and April 30, 2030, indicating a multi-year accounting impact.

Near-term results will reflect these charges, while the recurring savings benefit is expected to appear in the Consolidated Statements of Income beginning in fiscal 2027. Actual financial outcomes depend on execution of the Mexico Plant Consolidation and on broader factors, including completion of the pending merger with MasterBrand, Inc., as referenced in the company’s risk disclosures.

8-K Event Classification

2 items: 2.05, 2.06

2 items

Item 2.05 Costs Associated with Exit or Disposal Activities Financial

The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.

Item 2.06 Material Impairments Financial

The company concluded that a material charge for impairment of assets (goodwill, intangibles, etc.) is required.

Key Figures

Annual cost savings: $7.5 million per year Total one-time charges: $36.0 million to $40.0 million Fiscal 2027 charges: $32.5 million to $36.5 million +5 more

8 metrics

Annual cost savings $7.5 million per year Expected from Mexico Plant Consolidation beginning fiscal 2027

Total one-time charges $36.0 million to $40.0 million Estimated cash and non-cash charges related to consolidation

Fiscal 2027 charges $32.5 million to $36.5 million Portion of total charges expected in fiscal 2027

Subsequent years’ charges $3.6 million Additional charges in fiscal years ended April 30, 2029 and 2030

ROU asset impairment $12.5 million to $14.7 million Building lease right-of-use asset impairment for Monterrey plant

Machinery depreciation $13.1 million Machinery and equipment accelerated depreciation in fiscal 2027

Software amortization $3.5 million Internal-use software accelerated amortization in fiscal 2027

Completion target June 30, 2026 Planned substantial completion of Mexico Plant Consolidation

Key Terms

Costs Associated with Exit or Disposal Activities, Material Impairments, building lease right-of-use asset impairment, accelerated depreciation, +2 more

6 terms

Costs Associated with Exit or Disposal Activities regulatory

"Item 2.05 Costs Associated with Exit or Disposal Activities."

Material Impairments financial

"Item 2.06 Material Impairments."

building lease right-of-use asset impairment financial

"related to the building lease right-of-use asset impairment"

accelerated depreciation financial

"machinery and equipment accelerated depreciation"

A method that lets a business record larger portions of an asset’s cost as expenses in the early years of its life rather than spreading them evenly over time. Like taking bigger slices of a cake up front, it reduces reported profit initially but often lowers taxes and boosts near-term cash flow, which can change investors’ views of profitability, valuation and the timing of returns on capital.

forward-looking statements regulatory

"are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Mexico Plant Consolidation financial

"shift manufacturing volumes from plants in Mexico to the United States (the “Mexico Plant Consolidation”)."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What major action did American Woodmark (AMWD) announce in this 8-K?

American Woodmark announced it will wind down and close its Monterrey, Mexico plant. Production will be consolidated into its Pacifico plant in Tijuana and, where appropriate, shifted from Mexico to the United States as part of a broader Mexico Plant Consolidation.

How much annual cost savings does American Woodmark (AMWD) expect from the Mexico Plant Consolidation?

American Woodmark expects approximately $7.5 million in annual cost savings from the Mexico Plant Consolidation. These savings should begin in the fiscal year ending April 30, 2027, driven by lower tariff, labor and overhead costs and improved fixed asset utilization and labor efficiency.

What total one-time charges will American Woodmark (AMWD) incur for the Monterrey plant closure?

The company currently estimates total one-time cash and non-cash charges of approximately $36.0 million to $40.0 million. Of this, about $32.5 million to $36.5 million are expected in fiscal 2027, with a further $3.6 million spread over later fiscal years.

What are the main non-cash charges related to American Woodmark’s Monterrey plant?

Key non-cash charges include $12.5 million to $14.7 million for building lease right-of-use asset impairment, $13.1 million in machinery and equipment accelerated depreciation, $3.5 million for internal-use software amortization, and $0.6 million of leasehold improvement accelerated depreciation in fiscal 2027.

Over what period will American Woodmark (AMWD) recognize additional restructuring charges?

Beyond fiscal 2027, American Woodmark estimates $3.6 million of additional cash and non-cash charges. It expects $2.6 million of cash costs in its fiscal year ended April 30, 2029, and $0.9 million of non-cash charges in its fiscal year ended April 30, 2030.

When will the Mexico Plant Consolidation be substantially completed for American Woodmark (AMWD)?

The Mexico Plant Consolidation, including the Monterrey closure and production shifts, is planned to be substantially completed by June 30, 2026. Any remaining ongoing costs are expected to cease upon lease termination, according to the terms defined in the plant’s lease agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/12/2026 - 04:18 PM Learn about SEC filing dates

0000794619false00007946192026-05-122026-05-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 12, 2026

American Woodmark Corporation

(Exact name of registrant as specified in its charter)

Virginia

000-14798

54-1138147

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

561 Shady Elm Road,

Winchester,

Virginia

22602

(Address of principal executive offices

(Zip Code)

Registrant’s telephone number, including area code: (540) 665-9100

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of Each Class

Trading Symbol

Name of Each Exchange on Which Registered

Common Stock (no par value)

AMWD

NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

American Woodmark Corporation

Item 2.05 Costs Associated with Exit or Disposal Activities.

Effective May 4, 2026, American Woodmark Corporation’s (the “Company”) Board of Directors authorized the operations wind-down and closure of its Monterrey, Mexico plant in response to current low market demands and rising product input and tariff costs. The Company plans to consolidate Monterrey’s operations into its Pacifico plant in Tijuana, Mexico, and, where appropriate, shift manufacturing volumes from plants in Mexico to the United States (the “Mexico Plant Consolidation”). The Mexico Plant Consolidation is planned to be substantially completed by June 30, 2026, and any remaining ongoing costs will cease upon lease termination, as defined in the lease. Excluding the one-time charges and costs detailed in the following paragraph, the Company expects the Mexico Plant Consolidation to yield approximately $7.5 million in annual cost savings to be included in the Company’s Consolidated Statements of Income beginning in the fiscal year ending April 30, 2027 (“fiscal 2027”), by reducing tariff, labor, and other overhead costs, increasing fixed asset utilization and labor efficiency, and aligning manufacturing capacity to current market demands. On May 12, 2026, the Company’s employees at the Monterrey plant were notified of this decision.

The Company currently estimates it will incur total one-time cash and non-cash charges related to the Mexico Plant Consolidation in the range of approximately $36.0 million to $40.0 million; of which, approximately $32.5 million to $36.5 million will be incurred during fiscal 2027, and approximately $3.6 million will be incurred in subsequent fiscal years. The fiscal 2027 estimated cash costs include the following: $1.2 million in employee costs, $0.7 million to $2.2 million related to equipment moves and inventory transfers, and $0.9 million to $1.2 million in plant closure costs. The fiscal 2027 estimated non-cash charges associated with our Monterrey plant include the following: $12.5 million to $14.7 million related to the building lease right-of-use asset impairment, $13.1 million in machinery and equipment accelerated depreciation, $3.5 million in internal-use software asset accelerated amortization, and $0.6 million leasehold improvement accelerated depreciation. Of the total $3.6 million of cash and non-cash charges in subsequent fiscal years, the Company currently estimates to incur $2.6 million in cash costs in its fiscal year ended April 30, 2029, and $0.9 million non-cash charges in its fiscal year ended April 30, 2030.

Item 2.06 Material Impairments.

The discussion set forth under Item 2.05. Costs Associated with Exit or Disposal Activities is hereby incorporated by reference herein.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this Current Report on Form 8-K, including, but not limited to, those relating to the timing of the Mexico Plant Consolidation, estimated cost savings relating to the Mexico Plant Consolidation, the timing and amount of various estimated one-time charges relating to the Mexico Plant Consolidation and certain estimated cash costs relating to the Mexico Plant Consolidation, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In most cases, the reader can identify forward-looking statements by words such as “estimate,” “expect,” “believe,” “plan,” “will,” and other similar words. The forward-looking statements included in this report are based on current plans, expectations and assumptions but are subject to numerous factors, risks and uncertainties, many of which are outside of the Company’s control, that could cause actual results to differ materially from those indicated or implied in any forward-looking statement. These factors, risks and uncertainties also include, but are not limited to, the closing of the currently pending merger with MasterBrand, Inc. (the “Merger”). For a list of other factors that could impact the Company’s business and financial results and the closing and impact of the Merger, see those listed under “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2025 and Part II, Item 1A of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended January 31, 2026. The forward-looking statements contained in this report are made as of the date of this report, and the Company undertakes no obligation to update or revise these statements to reflect events or circumstances occurring after the date of this report except to the extent required by law.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

AMERICAN WOODMARK CORPORATION

(Registrant)

Date: May 12, 2026			By:			/s/ M. SCOTT CULBRETH
			Name:			M. Scott Culbreth
			Title:			President & Chief Executive Officer

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