American Woodmark Q2 net sales up 24% to $561.5M; adjusted EPS $2.24 vs $0.62 a year ago

AMERICAN WOODMARK CORP

2023-Q2 EPS reported $2.94 revenue$1,104,392,000

Net income $28.8M ($1.73 diluted EPS) versus $2.0M ($0.12) in prior-year quarter.
Adjusted EBITDA rose 119.6% to $67.6M (12.0% of sales) from $30.8M (6.8%).
First-half free cash flow $44.4M, up $81.7M YoY; debt reduced by $21.2M.
No term loan maturities until July 2023; $239.4M revolver availability.
Company cites price realization and cost efficiency for margin improvement.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AMERICAN WOODMARK CORP reported second quarter of fiscal 2023 which ended October 31, 2022 results: revenue $561.5 million, net income $28.8 million, EPS $1.73 per diluted share.

Period: second quarter of fiscal 2023 which ended October 31, 2022
Revenue: $561.5 million
Net income: $28.8 million
EPS: $1.73 per diluted share
Result: reported results

Exact text from the filing

Net sales for the second quarter of fiscal 2023 increased $108.3 million, or 23.9%, to $561.5 million compared with the same quarter of the prior fiscal year. Net sales for the first six months of the current fiscal year increased 23.3% to $1,104.4 million from the comparable period of the prior fiscal year. The Company experienced growth in all sales channels during the second quarter and first half of fiscal 2023 versus the prior year periods. Net income was $28.8 million ($1.73 per diluted share) for the second quarter of fiscal 2023 compared with net income of $2.0 million ($0.12 per diluted share) in the same quarter of the prior fiscal year.

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Source: SEC EDGAR

accession 0000794619-22-000100

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