8-K
filed February 29, 2024, 6:59 PM ET
ticker AMWD
CIK 0000794619
earnings
confidence high
sentiment positive
materiality 0.72
American Woodmark Q3 sales down 12.2% but EPS up; raises FY2024 EBITDA guidance
AMERICAN WOODMARK CORP
2024-Q3 EPS reported
$5.46
revenue$1,394,224,000
- Net sales $422.1M (-12.2% YoY); net income $21.2M (+44.1% YoY) or $1.32 diluted EPS.
- Adjusted EPS $1.66 vs $1.46 YoY; adjusted EBITDA $50.6M (-0.7% YoY) but margin improved to 12.0%.
- Raised FY2024 adjusted EBITDA outlook to $247-253M from prior range; reaffirmed low double-digit sales decline.
- Repurchased 215,629 shares for $19.6M in Q3; $105.4M remaining under buyback authorization.
- Cash from operations $187.4M YTD; free cash flow $131.7M; total debt $370.1M.
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 the first nine months of fiscal 2024 results: revenue $1,394.2 million, net income $89.4 million, EPS $5.46 per diluted share.
- Period
- the first nine months of fiscal 2024
- Revenue
- $1,394.2 million
- Net income
- $89.4 million
- EPS
- $5.46 per diluted share
- Result
- reported results
Exact text from the filing
Net sales for the first nine months of fiscal 2024 decreased $190.9 million, or 12.0%, to $1,394.2 million compared with the same period of the prior fiscal year. Net income was $89.4 million ($5.46 per diluted share and 6.4% of net sales) compared with $63.6 million ($3.82 per diluted share and 4.0% of net sales) in the same period of the prior fiscal year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMERICAN WOODMARK CORP reported the third quarter of fiscal 2024 ended January 31, 2024 results: revenue $422.1 million, net income $21.2 million, EPS $1.32 per diluted share.
- Period
- the third quarter of fiscal 2024 ended January 31, 2024
- Revenue
- $422.1 million
- Net income
- $21.2 million
- EPS
- $1.32 per diluted share
- Result
- reported results
Exact text from the filing
Net sales for the third quarter of fiscal 2024 decreased $58.6 million, or 12.2%, to $422.1 million compared with the same quarter of the prior fiscal year. Net income was $21.2 million ($1.32 per diluted share and 5.0% of net sales) compared with $14.7 million ($0.88 per diluted share and 3.1% of net sales) in the same quarter of the prior fiscal year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMERICAN WOODMARK CORP updated its the full fiscal year 2024 guidance (raised).
- Period
- the full fiscal year 2024
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
For the full fiscal year 2024, including the third fiscal quarter results, the Company is: • Reaffirming low double digit net sales decline year-over-year, with high single digit declines in the fourth fiscal quarter • Increasing and narrowing the Adjusted EBITDA outlook to the range of $247 million to $253 million
View on SEC.gov
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