American Woodmark reports Q2 adjusted EPS $2.08, consensus $2.37

Reports Q2 revenue $452.5M, consensus $458.29M. “Our team delivered net sales and Adjusted EBITDA performance that was in-line with the expectations we shared last quarter. The quarter was impacted by continued softer demand in the remodel market along with the slowdown in new construction single family starts over the summer,” said CEO Scott Culbreth. “We expect the demand trends to remain challenging but are reaffirming our outlook for a low single-digit decline in net sales for the full fiscal year and have tightened our Adjusted EBITDA range to $225M-$235M.”