earnings
confidence high
sentiment negative
materiality 0.75
American Woodmark Q3 net loss $49.3M on $69.5M pension settlement; adjusted EPS $0.60 vs $1.57
AMERICAN WOODMARK CORP
2022-Q3 EPS reported
-$2.67
revenue$1,355,480,000
- Net sales rose 6.4% to $459.7M; growth in all channels.
- GAAP net loss of $49.3M ($2.97 diluted) vs net income of $18.4M ($1.08) YoY; includes $69.5M pension settlement charge.
- Adjusted EPS fell to $0.60 from $1.57; adjusted EBITDA margin narrowed to 6.6% from 12.9%.
- Operating cash flow -$13.1M, free cash flow -$48.8M in first nine months; $0.9M cash on hand.
- CEO cites COVID-related absenteeism and supply chain drag; expects $55M/quarter pricing actions to offset inflation from April.