Overview
American Woodmark fiscal Q1 net sales fall 12.2%, missing analyst expectations, per LSEG data
Adjusted EPS for fiscal Q1 misses estimates, declining to $1.01
Co repurchased 209,757 shares for $12.4 mln during the quarter
Outlook
American Woodmark will not provide financial guidance due to MasterBrand merger
Company expects challenging demand trends in new construction and remodel markets
American Woodmark sees persistent macroeconomic challenges impacting demand
Result Drivers
WEAK DEMAND - Co attributes sales decline to weaker-than-expected demand in new construction and remodel markets, per CEO Scott Culbreth
COST INCREASES - Increased product input costs, including tariffs, and ERP support expenses impacted profitability
EXPENSES - Merger-related and restructuring expenses further pressured financial results
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$403.05 mln
$413.30 mln (4 Analysts)
Q1 Adjusted EPS
Miss
$1.01
$1.24 (4 Analysts)
Q1 EPS
$1
Q1 Gross Profit
$67.49 mln
Q1 Operating Income
$20.19 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy"
Wall Street's median 12-month price target for American Woodmark Corp is $71.00, about 5.6% above its August 25 closing price of $67.02
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nBw1ScbjTa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)