American Woodmark Q2 net income up 5.4% to $30.3M; raises EBITDA guidance to $235-250M; $125M buyback authorized

AMERICAN WOODMARK CORP

2024-Q2 EPS reported $4.13 revenue$972,122,000

Net sales fell 15.6% YoY to $473.9M; net income rose 5.4% to $30.3M; GAAP EPS $1.85, adjusted EPS $2.36.
Adjusted EBITDA increased 7.0% to $72.3M (15.3% of sales) from $67.6M (12.0%) in prior-year quarter.
FY2024 Adjusted EBITDA guidance raised to $235-250M; net sales decline still expected low double-digit.
Board authorized new $125M share repurchase program; cancelled remaining $22.9M from prior $100M authorization.
Repurchased 394,220 shares for $30.0M in Q2; 722,515 shares for $52.1M in H1 FY2024.

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 0.9

AMERICAN WOODMARK CORP reported first six months of fiscal 2024 results: revenue $972.1 million, net income $68.2 million, EPS $4.13 per diluted share. Guidance raised.

Period: first six months of fiscal 2024
Revenue: $972.1 million
Net income: $68.2 million
EPS: $4.13 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Net sales for the first six months of fiscal 2024 decreased $132.3 million, or 12.0%, to $972.1 million compared with the same period of the prior fiscal year. Net income was $68.2 million ($4.13 per diluted share) compared with $48.9 million ($2.94 per diluted share) in the same period of the prior fiscal year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN WOODMARK CORP reported second fiscal quarter ended October 31, 2023 results: revenue $473.9 million, net income $30.3 million, EPS $1.85 per diluted share. Guidance raised.

Period: second fiscal quarter ended October 31, 2023
Revenue: $473.9 million
Net income: $30.3 million
EPS: $1.85 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

ANNOUNCES SECOND QUARTER RESULTS AND A $125 MILLION STOCK REPURCHASE AUTHORIZATION Fiscal Second Quarter 2024 Financial Highlights: • Net sales decreased 15.6% year-over-year to $473.9 million • Net income increased 5.4% year-over-year to $30.3 million • GAAP EPS of $1.85; Adjusted EPS of $2.36 • Adjusted EBITDA increased 7.0% year-over-year to $72.3 million • Cash

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN WOODMARK CORP updated its fiscal 2024 guidance (raised).

Period: fiscal 2024
Guidance: raised
Result: guidance update

Exact text from the filing

For fiscal 2024 (which includes the now completed second quarter) the Company expects:

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Source: SEC EDGAR

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