American Woodmark Corporation ( (AMWD) ) has released its Q3 earnings. Here is a breakdown of the information American Woodmark Corporation presented to its investors.
American Woodmark Corporation is one of the largest cabinet manufacturers in the United States, known for its diverse range of brands and commitment to customer satisfaction across various distribution channels. In its latest earnings report for the third fiscal quarter ending January 31, 2025, the company reported net sales of $397.6 million and a net income of $16.6 million, representing 4.2% of net sales. Despite a decline in sales compared to the previous year, the company continues to focus on strategic adjustments to navigate challenging market conditions. Key financial metrics for the quarter included a GAAP EPS of $1.09 and an adjusted EPS of $1.05, with adjusted EBITDA standing at $38.4 million, or 9.7% of net sales. The company also repurchased 132,075 shares for $12.6 million during the quarter. Looking ahead, American Woodmark anticipates a mid-single-digit decline in net sales for the full fiscal year, with an adjusted EBITDA range of $210 million to $215 million. The management remains committed to capital investment strategies and shareholder returns, positioning the company for future growth once market conditions improve.