American Woodmark Q2 2021 Earnings Report
Key Takeaways
American Woodmark Corporation reported a 4.8% increase in net sales to $448.6 million for the second quarter of fiscal 2021. Net income was $22.3 million, or $1.31 per diluted share. The company's performance was driven by double-digit growth in the repair and remodel sales channel, although it was negatively impacted by higher material and logistics costs and investments in labor and product launches.
Net sales increased by 4.8% to $448.6 million compared to the same quarter of the prior fiscal year.
Net income was $22.3 million ($1.31 per diluted share) compared to $22.2 million ($1.31 per diluted share) in the same quarter of the prior fiscal year.
Adjusted EPS per diluted share was $1.97 compared to $1.84 in the same quarter of the prior fiscal year.
Adjusted EBITDA was $65.0 million, or 14.5% of net sales, compared to $62.9 million, or 14.7% of net sales, for the same quarter of the prior fiscal year.
American Woodmark
American Woodmark
Forward Guidance
No forward guidance provided in this report.