earnings
confidence high
sentiment neutral
materiality 0.65
American Woodmark Q4 sales up 6% to $501.7M; net income $14.5M vs $3.6M; FY net loss on pension charge
AMERICAN WOODMARK CORP
2022-FY EPS reported
-$1.79
revenue$1,857,186,000
- Q4 net sales $501.7M (+6.0% YoY); net income $14.5M ($0.87 diluted EPS) vs $3.6M ($0.21) prior year.
- Adjusted EPS Q4 $1.38 vs $1.32; FY adjusted EPS $3.29 vs $6.54; Adjusted EBITDA margins 8.9% vs 10.2%.
- FY2022 net loss $29.7M ($1.79 diluted) vs income $61.2M prior, driven by $68.5M pension termination charge.
- Cash from operations FY $24.4M; free cash flow -$27.1M; cash $22.3M; total debt $500.5M ($237.5M term + $263M revolver).
- CEO expects significant Adjusted EBITDA margin improvement in FY2023 as pricing and productivity offset inflation.