Business
American Woodmark Corporation Announces Second Quarter Results
Fiscal Second Quarter 2026 Financial Highlights: Net sales of $394.6 million Net income of $6.1 million; 1.5% of net sales GAAP EPS of $0.42; adjusted EPS of
About this update from American Woodmark Corporation
[{"type":"text","content":"\nFiscal Second Quarter 2026 Financial Highlights:\n\n\nNet sales of $394.6 million\n\n\n\nNet income of $6.1 million; 1.5% of net sales\n\n\n\nGAAP EPS of $0.42; adjusted EPS of $0.76\n\n\n\nAdjusted EBITDA of $39.6 million; 10.0% of net sales\n\n\n\nCash provided by operating activities of $11.2 million; negative free cash flow of $0.9 million\n\n\nFiscal 2026 Year to Date Financial Highlights:\n\n\nNet sales of $797.7 million\n\n\n\nNet income of $20.7 million; 2.6% of net sales\n\n\n\nGAAP EPS of $1.42; adjusted EPS of $1.77\n\n\n\nAdjusted EBITDA of $81.9 million; 10.3% of net sales\n\n\n\nCash provided by operating activities of $44.3 million; free cash flow of $24.0 million\n\n\n WINCHESTER, Va.--(BUSINESS WIRE)--\nAmerican Woodmark Corporation (NASDAQ: AMWD) (“American Woodmark,” “the Company,” “we,” “our,” or “us”) today announced results for its second fiscal quarter ended October 31, 2025.\n\n“Demand trends remain challenged in both the new construction and remodel markets. Our teams are executing well despite the lower volumes and delivered Adjusted EBITDA margins of 10.0% for the second fiscal quarter,” said Scott Culbreth, President and CEO. “Actions have been put in place or are in process to mitigate tariff and lower demand impacts on the business, including structural cost reductions, supplier negotiations, alternative sourcing and price increases. We estimate the unmitigated tariff impact at the current rates, in effect as of today’s date, to represent approximately 4-4.5% of the Company’s annualized net sales with the impact varying by product category. This impact does not include the potential increase on Section 232 tariffs to 50%. The Company is also focused on closing the previously announced merger transaction with MasterBrand, Inc. so that we can provide a broader product portfolio across expanded channels, advance our innovation capabilities, and create exciting opportunities for team members.”\n\nSecond Quarter Results\n\nNet sales for the second quarter of fiscal 2026 decreased $57.8 million, or 12.8%, to $394.6 million compared with the same quarter last fiscal year. Net income was $6.1 million ($0.42 per diluted share and 1.5% of net sales) compared with $27.7 million ($1.79 per diluted share and 6.1% of net sales) for the same quarter last fiscal year. Net income decreased $21.6 million due to the...