AMERICAN WOODMARK CORP (AMWD): restructuring charge — American Woodmark to close Monterrey plant, expects $36-40M charges, $7.5M annual savings

AMERICAN WOODMARK CORP

Board authorized wind-down of Monterrey, Mexico plant due to low demand and rising tariff costs; consolidation to Tijuana and US plants by June 30, 2026.
Estimated one-time charges of $36-40M, with $32.5-36.5M in fiscal 2027; subsequent years $3.6M.
Non-cash charges include $12.5-14.7M building lease ROU impairment, $13.1M equipment depreciation, $3.5M software amortization, $0.6M leasehold improvements.
Cash costs: $1.2M employee costs, $0.7-2.2M equipment moves/inventory transfers, $0.9-1.2M closure costs; $2.6M cash in FY 2029 and $0.9M non-cash in FY 2030.
Expects ~$7.5M annual cost savings from reduced tariffs, labor, and overhead beginning in fiscal 2027.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

AMERICAN WOODMARK CORP announced a restructuring with charges of approximately $36.0 million to $40.0 million affecting Monterrey, Mexico plant (employees at the Monterrey plant were notified of this decision).

Type: restructuring
Charge: approximately $36.0 million to $40.0 million
Affected area: Monterrey, Mexico plant
Headcount: employees at the Monterrey plant were notified of this decision

Exact text from the filing

of this decision. The Company currently estimates it will incur total one-time cash and non-cash charges related to the Mexico Plant Consolidation in the range of approximately $36.0 million to $40.0 million; of which, approximately $32.5 million to $36.5 million will be incurred during fiscal 2027, and approximately $3.6 million will be incurred in subsequent fiscal

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6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

AMERICAN WOODMARK CORP filing history →

Source: SEC EDGAR

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