American Woodmark (AMWD) Tops Q1 EPS by 33c, Revenues Beat

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Go back to American Woodmark (AMWD) Tops Q1 EPS by 33c, Revenues Beat

American Woodmark Corporation Announces First Quarter Results

August 25, 2020 6:30 AM EDT

WINCHESTER, Va., Aug. 25, 2020 /PRNewswire/ -- American Woodmark Corporation (NASDAQ: AMWD) (the "Company") today announced results for its first fiscal quarter ended July 31, 2020.

Net sales for the first fiscal quarter decreased 8.7% to $390.1 million compared with the same quarter of the prior fiscal year.  The Company experienced declines in all sales channels during the first quarter of fiscal 2021 as both the remodel and new construction markets were negatively impacted by the COVID-19 pandemic.

Net income was $16.5 million ($0.97 per diluted share) for the first quarter of fiscal 2021 compared with $26.9 million... More