American Woodmark falls after Q3 results miss

American Woodmark

27/02/2025 13:39

** Shares of cabinet manufacturer American Woodmark Corp AMWD.O down 12.6% at $62.16, premarket

** Posts Q3 adj EPS of $1.05 below analysts' estimate of $1.33, according to data complied by LSEG

** Q3 sales of $397.6 mln, also missing expectations of $405.7 mln

** "The quarter was impacted by softer demand in the remodel market and a decline in new construction single family activity as inventories were reduced," says Scott Culbreth, CEO

** Shares down ~10.5% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)

 ((Rupali.Chaudhary@thomsonreuters.com))