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AMWD American Woodmark News Story

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Cabinet maker American Woodmark Q1 sales, adj EPS miss estimates

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

MetricBeat/MissActualConsensus Estimate
Q1 SalesMiss$403.05 mln$413.30 mln (4 Analysts)
Q1 Adjusted EPSMiss$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.)

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