American Woodmark Q1 2025 Earnings Report
Key Takeaways
American Woodmark's first quarter fiscal 2025 results showed a decrease in net sales and net income compared to the same quarter last year. Net sales decreased by 7.9% to $459.1 million, and net income decreased to $29.6 million. The company repurchased 271,460 shares for $24.0 million.
Net sales decreased by 7.9% to $459.1 million compared to the same quarter last fiscal year.
Net income was $29.6 million, or $1.89 per diluted share, compared to $37.9 million, or $2.28 per diluted share, last fiscal year.
Adjusted EBITDA decreased by 16.3% to $62.9 million, representing 13.7% of net sales.
The company repurchased 271,460 shares for $24.0 million during the first quarter of fiscal 2025.
American Woodmark
American Woodmark
Forward Guidance
For fiscal year 2025, American Woodmark expects a low single-digit decline in net sales year-over-year and Adjusted EBITDA in the range of $225 million to $245 million.
Challenges Ahead
- Low single-digit decline in net sales year-over-year
- Adjusted EBITDA in the range of $225 million to $245 million