---
schema_version: "secwatch.filing_event.v1"
accession: "0000794619-21-000071"
form_type: "8-K"
ticker: "AMWD"
cik: "0000794619"
company_name: "AMERICAN WOODMARK CORP"
filed_at: "2021-08-31T23:59:59+00:00"
generated_at: "2026-06-29T06:54:15.696683+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# American Woodmark Q1 net income falls 81% to $3M despite 13.5% revenue growth; margins compress on inflation

## Summary
- Net sales $442.6M, +13.5% YoY; net income $3.0M ($0.18 diluted) vs $16.1M ($0.94) prior year.
- Adjusted EPS $0.70 (vs $1.63); Adjusted EBITDA $32.1M (7.3% of sales) vs $56.4M (14.5%).
- Inflationary pressures outpaced pricing; only ~$3M realized in Q1; expect >$25M/quarter benefit by H2 FY2022.
- Free cash flow negative ($8.1)M due to inventory buildup and payables timing; cash $27.8M, $243M revolver available.
- Accounting method changed from LIFO to FIFO effective May 1, 2021; all prior periods retrospectively adjusted.

## SEC filing metadata
- accession: 0000794619-21-000071
- form_type: 8-K
- ticker: AMWD
- cik: 0000794619
- company_name: AMERICAN WOODMARK CORP
- filed_at: 2021-08-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794619/000079461921000071/0000794619-21-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794619/000079461921000071/amwd-20210831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794619-21-000071
- JSON: https://secwatch.observer/filing/0000794619-21-000071.json
- Plain text: https://secwatch.observer/filing/0000794619-21-000071.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.