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American Woodmark Corporation (NASDAQ: AMWD) is a leading manufacturer and distributor of kitchen and bath cabinets catering to remodeling and new home construction markets. Headquartered in Winchester, VA, the company operates nine manufacturing facilities across various states, including Arizona, Georgia, Indiana, Kentucky, Maryland, Tennessee, Virginia, and West Virginia, alongside nine builder centers nationwide. As a fully integrated, just-in-time (JIT) cabinet manufacturer, American Woodmark ensures that its products are delivered efficiently and promptly.
The company boasts an extensive product line under major brands such as American Woodmark™, Simply Woodmark, Timberlake, Shenandoah Cabinetry, Shenandoah Value Series, and Waypoint Living Spaces. Their products are known for their quality and durability, featuring TuffTech® and BeautyGuard® finishes designed to resist scuffs, scratches, fading, and moisture.
American Woodmark's cupboards and vanities are certified by the Kitchen Cabinet Manufacturers Association (KCMA) Environmental Stewardship Program, underscoring the company's commitment to sustainable practices. Their products are available nationwide through major home centers, builders, and independent dealers and distributors, ensuring a broad market reach.
In fiscal year 2024, American Woodmark reported notable financial achievements despite a declining sales environment. Net income saw a significant increase of 24.0% year-over-year to $116.2 million, while Adjusted EBITDA grew by 5.2% year-over-year to $252.8 million. The company also repurchased 1,108,715 shares for $87.7 million, reflecting its robust financial health and commitment to returning value to shareholders.
American Woodmark continues to expand its product offerings and market presence. Notably, they introduced the 1951 Cabinetry™ brand, catering specifically to distributors with a wide range of styles blending timeless and contemporary designs.
The company remains focused on customer satisfaction, integrity, teamwork, and excellence across all facets of its operations, from manufacturing to customer service. With over 8,800 employees, American Woodmark is dedicated to fostering creativity and helping customers transform their homes into spaces for self-expression. Visit americanwoodmark.com to learn more.
American Woodmark (NASDAQ: AMWD) has announced its upcoming second quarter results conference call, scheduled for Tuesday, November 26, 2024, at 8:30 a.m. Eastern Time. The company will provide a live webcast through their website americanwoodmark.com. An online replay will be available immediately after the call and remain accessible for 30 days. Additionally, a telephonic replay will be available from 11:30 a.m. ET on November 26 until 11:30 a.m. ET on December 3, accessible by dialing 877-344-7529 with passcode 1850032.
American Woodmark (NASDAQ: AMWD) has announced its participation in the upcoming Zelman Housing Summit. The event is scheduled for September 12-13, 2024, and will take place at the InterContinental Hotel in Boston, Massachusetts.
Representing the company at the summit will be Scott Culbreth, President and Chief Executive Officer, and Paul Joachimczyk, Senior Vice President and Chief Financial Officer. This participation highlights American Woodmark's commitment to engaging with industry leaders and investors in the housing sector.
The Zelman Housing Summit is a significant event in the real estate and construction industry, providing a platform for companies to showcase their strategies and connect with key stakeholders. American Woodmark's presence at this event may offer insights into the company's future plans and market outlook.
American Woodmark (NASDAQ: AMWD) reported its fiscal first quarter 2025 results. Net sales decreased 7.9% to $459.1 million, while net income fell to $29.6 million ($1.89 per diluted share) compared to $37.9 million ($2.28 per diluted share) last year. Adjusted EBITDA decreased 16.3% to $62.9 million, or 13.7% of net sales.
The company faced weaker demand in the remodel market and expects this trend to continue. Despite challenges, American Woodmark aims for share gains across all channels. For fiscal 2025, the company projects a low single-digit decline in net sales and Adjusted EBITDA between $225 million and $245 million.
American Woodmark (NASDAQ: AMWD) has announced its participation in the upcoming Jefferies Industrial Conference in New York City on September 4, 2024. The company will be represented by two key executives: Paul Joachimczyk, Senior Vice President and Chief Financial Officer, and Kevin Dunnigan, Vice President and Treasurer.
This conference provides an opportunity for American Woodmark to engage with investors and industry professionals, potentially discussing their financial performance, market strategies, and future outlook. The company's presence at such a prominent event highlights its commitment to maintaining strong relationships with the investment community and showcasing its position in the woodworking and home improvement industry.
American Woodmark (NASDAQ: AMWD) has announced its upcoming first quarter conference call, which will be accessible via a real-time webcast. The event is scheduled for Tuesday, August 27, 2024, at 8:30 a.m. Eastern Time. Interested parties can tune in to the live broadcast through the company's website at americanwoodmark.com.
For those unable to attend the live event, an online replay will be available immediately following the call and will remain accessible for 30 days. Additionally, a telephonic replay will be offered from 11:30 a.m. Eastern Time on August 27 until 11:30 a.m. Eastern Time on September 3. To access the telephonic replay, dial 877-344-7529 and enter passcode 8911999.
American Woodmark (NASDAQ: AMWD) announced its fiscal fourth quarter and full-year results for 2024. The company reported a 5.8% decrease in quarterly net sales to $453.3 million and an 11.1% decrease in net income to $26.8 million. Adjusted EPS stood at $1.70, and Adjusted EBITDA dropped 16.2% to $54.7 million. For the full fiscal year, net sales fell by 10.6% to $1,847.5 million, but net income rose 24% to $116.2 million. Full-year Adjusted EPS was $8.53, and Adjusted EBITDA increased by 5.2% to $252.8 million. The company generated $230.8 million in operating cash and $138.5 million in free cash flow, repurchasing 1,108,715 shares for $87.7 million. Fiscal 2025 outlook includes a low single-digit net sales increase and Adjusted EBITDA between $235 million and $255 million.
American Woodmark (AMWD) announced an online conference call to discuss its fourth-quarter results on May 23, 2024. The webcast will be available on americanwoodmark.com, with a live broadcast starting at 4:30 p.m. (Eastern Time). A replay will be accessible online for 30 days and a telephonic replay can be accessed from May 23 to May 30 by dialing 877-344-7529 and entering passcode 7005514.
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