American Woodmark (AMWD) Misses Q4 EPS by 43c, Revenue Beats, Approves $100M Buyback Plan
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American Woodmark Corporation Announces Fourth Quarter Results and Authorization of a $100 Million Stock Buyback Program
May 27, 2021 6:30 AM EDTWINCHESTER, Va.--(BUSINESS WIRE)-- American Woodmark Corporation (NASDAQ: AMWD) (the "Company") today announced results for its fourth fiscal quarter ended April 30, 2021.
Net sales for the fourth fiscal quarter increased $74.2 million, or 18.6%, to $473.4 million compared with the same quarter of the prior fiscal year. The Company experienced double-digit growth across all channels (repair and remodel and new construction) during the fourth quarter of fiscal 2021 as market demand recovered with consumer confidence remaining strong. Net sales for the current fiscal year increased $93.7 million, or 5.7%, to $1,744.0 million from the prior fiscal year.
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