earnings
confidence high
sentiment negative
materiality 0.80
American Woodmark Q2 net income drops to $2.0M from $23.1M; margins shrink to 0.4%
AMERICAN WOODMARK CORP
2022-Q2 EPS reported
$0.30
revenue$895,744,000
- Net sales $453.2M (up 1.0%); net income $2.0M ($0.12 diluted EPS) vs $23.1M ($1.36) YoY.
- Adjusted EPS $0.62 vs $2.02 YoY; adjusted EBITDA margin 6.8% vs 14.7% a year ago.
- Inflation outpaced pricing actions; $14M realized in Q2, expects +$36M per quarter by Q4.
- Free cash flow -$37.3M in H1; cash on hand $8.0M; no term loan maturities until July 2023.
- Repurchased $25M shares and paid down $19.7M debt in H1; liquidity includes $233.0M revolver.