American Woodmark Corporation ( (AMWD) ) has released its Q2 earnings. Here is a breakdown of the information American Woodmark Corporation presented to its investors.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
American Woodmark Corporation is a leading cabinet manufacturer in the United States, known for its wide range of brands and commitment to creativity and customer satisfaction. In its latest earnings report, American Woodmark announced fiscal second-quarter results for 2025, highlighting a net sales figure of $452.5 million and a net income of $27.7 million. The company also revealed a $125 million stock repurchase authorization, demonstrating its focus on returning value to shareholders.
The company’s financial performance showed a 4.5% decrease in net sales compared to the previous year, alongside a reduction in net income due to softer demand in the remodel market and supply chain challenges. Adjusted EPS was reported at $2.08, with adjusted EBITDA at $60.2 million, reflecting a decrease from the prior year’s quarter. Additionally, American Woodmark repurchased 348,877 shares for $32.5 million during the quarter.
For the fiscal year to date, net sales have declined by 6.2% to $911.6 million, with net income decreasing by $10.9 million compared to the previous year. Despite these challenges, the company remains committed to strategic investments and shareholder returns, as evidenced by the authorization of an additional $125 million for stock repurchases.
Looking ahead, American Woodmark expects a low single-digit decline in net sales for the full fiscal year 2025 and has set an adjusted EBITDA range of $225 million to $235 million. The company aims to position itself strongly in the marketplace by focusing on operational improvements and controlling discretionary spending amidst challenging macroeconomic conditions.