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Oct 31, 2022
American Woodmark Q2 2023 Earnings Report
American Woodmark's second quarter of fiscal year 2023 resulted in increased net sales and improved Adjusted EBITDA.
Key Takeaways
American Woodmark Corporation announced a 23.9% increase in net sales for the second quarter of fiscal 2023, reaching $561.5 million. Net income increased to $28.8 million, or $1.73 per diluted share, and Adjusted EBITDA rose by 119.6% to $67.6 million.
Net sales increased by 23.9% to $561.5 million compared to the same quarter of the prior fiscal year.
Net income was $28.8 million ($1.73 per diluted share) compared to $2.0 million ($0.12 per diluted share) in the prior year.
Adjusted EPS per diluted share was $2.24 compared to $0.62 in the same quarter of the previous fiscal year.
Adjusted EBITDA increased by 119.6% to $67.6 million, representing 12.0% of net sales.