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Oct 31, 2023
American Woodmark Q2 2024 Earnings Report
Second quarter results announced, with net income increasing and a new stock repurchase program authorized.
Key Takeaways
American Woodmark Corporation reported a decrease in net sales but an increase in net income for the second quarter of fiscal year 2024. The company's Adjusted EBITDA also increased, and the Board of Directors approved a new $125 million stock repurchase authorization.
Net sales decreased 15.6% year-over-year to $473.9 million.
Net income increased 5.4% year-over-year to $30.3 million.
Adjusted EBITDA increased 7.0% year-over-year to $72.3 million.
Board approved a new $125 million authorization for future share repurchases.
Forward Guidance
For fiscal year 2024, the company expects a low double digit net sales decline year-over-year and Adjusted EBITDA in the range of $235 million to $250 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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