American Woodmark eyes best day in over two years on Q1 beat

American Woodmark

30/08/2022 15:39

** Shares of kitchen cabinet maker American Woodmark Corp
 AMWD.O  rise as much as 17% to over three-month high of $55.46
    ** Stock last up ~13%, on course for best day since April
2020
    ** Company beats Q1 sales and profit estimates, helped by
higher prices and strong demand for its services
    ** Q1 net sales rose 22.7% to $542.9 mln, topping analysts'
average expectation of $513.1 mln, per Refinitiv IBES data
 urn:newsml:reuters.com:*:nBwbx9f5ja
    ** AMWD posts adjusted profit of $1.71 per share, beating
estimates of $1.29
    ** Stock has fallen ~17% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))