Business
American Woodmark Corporation Announces Third Quarter Results
Fiscal Third Quarter 2025 Financial Highlights: Net sales of $397.6 million Net income of $16.6 million; 4.2% of net sales GAAP EPS of $1.09; adjusted EPS of
About this update from American Woodmark Corporation
[{"type":"text","content":"\nFiscal Third Quarter 2025 Financial Highlights:\n\n\n\nNet sales of $397.6 million\n\n\n\nNet income of $16.6 million; 4.2% of net sales\n\n\n\nGAAP EPS of $1.09; adjusted EPS of $1.05\n\n\n\nAdjusted EBITDA of $38.4 million; 9.7% of net sales\n\n\n\nCash provided by operating activities of $11.0 million; free cash flow of $1.4 million\n\n\n\nRepurchased 132,075 shares for $12.6 million\n\n\n\nFiscal 2025 First Nine Months Financial Highlights:\n\n\n\nNet sales of $1,309.2 million\n\n\n\nNet income of $73.9 million; 5.6% of net sales\n\n\n\nGAAP EPS of $4.79; adjusted EPS of $5.28\n\n\n\nAdjusted EBITDA of $161.5 million; 12.3% of net sales\n\n\n\nCash provided by operating activities of $63.7 million; free cash flow of $31.5 million\n\n\n\nRepurchased 752,412 shares for $69.1 million\n\n\n\n WINCHESTER, Va.--(BUSINESS WIRE)--\nAmerican Woodmark Corporation (NASDAQ: AMWD) (the \"Company\") today announced results for its third fiscal quarter ended January 31, 2025.\n\n\n“Despite performance that was below our expectations for the quarter, our teams continue to execute and have built a platform to deliver profitable growth when macroeconomic conditions improve. The quarter was impacted by softer demand in the remodel market and a decline in new construction single family activity as inventories were reduced,” said Scott Culbreth, President and CEO. “Demand trends are expected to remain challenging, and our outlook is for a mid-single digit decline in net sales for the full fiscal year and an Adjusted EBITDA range of $210 million to $215 million.”\n\n\nThird Quarter Results\n\n\nNet sales for the third quarter of fiscal 2025 decreased $24.5 million, or 5.8%, to $397.6 million compared with the same quarter last fiscal year. Net income was $16.6 million ($1.09 per diluted share and 4.2% of net sales) compared with $21.2 million ($1.32 per diluted share and 5.0% of net sales) last fiscal year. Net income decreased $4.7 million due to lower net sales, increasing supply chain costs, and restructuring charges totaling $0.5 million related to a reduction in force implemented during the second quarter and the closure of the manufacturing facility located in Orange, Virginia, which was announced in January 2025, partially offset by the roll-off of acquisition-related intangible asset amortization and lower year-over-year incentive compe...