secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN WOODMARK CORP (AMWD)
CIK:        0000794619
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0000794619-22-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Woodmark Q3 net loss $49.3M on $69.5M pension settlement; adjusted EPS $0.60 vs $1.57
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794619/000079461922000011/0000794619-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794619/000079461922000011/amwd-20220224.htm
  HTML page:      https://secwatch.observer/filing/0000794619-22-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer