American Woodmark Q1: net sales down 8.2% to $498.3M; Adj. EPS $2.78, raises FY24 EBITDA outlook

AMERICAN WOODMARK CORP

2024-Q1 EPS reported $2.28 revenue$498,255,000

Net sales $498.3M, down 8.2% YoY; GAAP EPS $2.28, Adj. EPS $2.78 (vs $1.71 YoY).
Net income $37.9M, up 89% YoY; Adjusted EBITDA $75.2M, up 33% YoY, margin 15.1%.
FY24 outlook: low double digit sales decline; Adj. EBITDA $225-245M, raised by $20M.
Operating cash flow $86.7M, free cash flow $72.5M; repurchased 328k shares for $22.1M.
Includes $4.9M pre-tax charge related to plywood case litigation.

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 0.97

AMERICAN WOODMARK CORP reported first quarter of fiscal 2024 ended July 31, 2023 results: revenue Net sales decreased 8.2% year-over-year to $498.3 million, net income Net income was $37.9 million ($2.28 per diluted share), EPS $2.28. Guidance reaffirmed.

Period: first quarter of fiscal 2024 ended July 31, 2023
Revenue: Net sales decreased 8.2% year-over-year to $498.3 million
Net income: Net income was $37.9 million ($2.28 per diluted share)
EPS: $2.28
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Kevin Dunnigan VP & Treasurer 540-665-9100 AMERICAN WOODMARK CORPORATION ANNOUNCES FIRST QUARTER RESULTS Fiscal First Quarter 2024 Financial Highlights: • Net sales decreased 8.2% year-over-year to $498.3 million • Net income increased 89% year-over-year to $37.9 million • GAAP EPS of $2.28; Adjusted EPS of $2.78 • Adjusted EBITDA increased 33%

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Source: SEC EDGAR

accession 0000794619-23-000055

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