American Woodmark falls after Q3 results miss

American Woodmark

27/02/2025 16:30

Updates

** Shares of cabinet manufacturer American Woodmark Corp AMWD.O down 12.4% at $62.35

** AMWD posts Q3 adj. EPS of $1.05, below analysts' avg. estimate of $1.33, according to data compiled by LSEG

** Reports Q3 sales of $397.6 mln, 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," CEO Scott Culbreth says

** As of last close, shares down ~10.5% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)

 ((Rupali.Chaudhary@thomsonreuters.com))