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Jul 31, 2020
American Woodmark Q1 2021 Earnings Report
American Woodmark's first quarter results were announced, revealing a decrease in net sales and net income due to the impact of COVID-19.
Key Takeaways
American Woodmark Corporation reported a decrease in net sales by 8.7% to $390.1 million and a decrease in net income to $16.5 million ($0.97 per diluted share) for the first quarter of fiscal 2021, compared to the same quarter of the prior fiscal year. The results were negatively impacted by COVID-19, but exceeded initial expectations.
Net sales decreased by 8.7% to $390.1 million compared to the same quarter of the prior fiscal year.
Net income was $16.5 million ($0.97 per diluted share) compared to $26.9 million ($1.59 per diluted share) in the same quarter of the prior fiscal year.
Adjusted EPS per diluted share was $1.66 compared to $2.13 in the same quarter of the prior fiscal year.
Cash provided by operating activities was $40.0 million and free cash flow totaled $32.2 million.
American Woodmark
American Woodmark
Forward Guidance
No forward guidance provided in this report.