American Woodmark (AMWD) Misses Q3 EPS by 16c, Revenues Miss
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American Woodmark (NASDAQ: AMWD) reported Q3 EPS of $1.30, $0.16 worse than the analyst estimate of $1.46. Revenue for the quarter came in at $395.8 million versus the consensus estimate of $402 million.
"Although we believe we experienced good growth relative to the market, our third fiscal quarter financials proved to be challenging due to ongoing volatility in the market and a more prominent impact from cost headwinds," said Cary Dunston, Chairman and CEO. "We had solid growth within our builder, dealer and stock home center businesses, which was partially offset by a decline in our made-to-order home center business. Margins were challenged due to the completion of our facility move in California and the continued cost associated with tariffs and particle board disruption."
For earnings history and earnings-related data on American Woodmark (AMWD) click here.
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