American Woodmark (AMWD) Misses Q3 EPS by 16c, Revenues Miss
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."
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