American Woodmark (AMWD) Misses Q4 EPS by 43c, Revenue Beats, Approves $100M Buyback Plan

American Woodmark (NASDAQ: AMWD) reported Q4 EPS of $1.28, $0.43 worse than the analyst estimate of $1.71. Revenue for the quarter came in at $473.4 million versus the consensus estimate of $463.8 million.

On May 25, 2021, the Board of Directors authorized a stock repurchase program of up to $100 million of the Company's outstanding common shares. In conjunction with this authorization the Board of Directors cancelled the $50 million existing authorization, of which the Company had repurchased $20 million in the fourth quarter of fiscal 2021. Any repurchases under the stock repurchase program are subject to market conditions, the Company’s cash requirements for other purposes, compliance with applicable laws and regulations and contractual covenants and any other factors management may deem relevant at the time of such repurchases. The Company is not obligated to make any stock repurchases in the future.

For earnings history and earnings-related data on American Woodmark (AMWD) click here.

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