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Jan 31, 2021
American Woodmark Q3 2021 Earnings Report
American Woodmark's Q3 2021 results were announced, featuring sales growth across all channels and an increase in net income.
Key Takeaways
American Woodmark Corporation reported a 9.1% increase in net sales for the third quarter, reaching $432.0 million. Net income rose to $17.2 million, or $1.01 per diluted share, compared to $12.8 million, or $0.75 per diluted share, in the same quarter of the prior year. The company experienced growth across all channels and paid down $40.0 million of its term loan facility.
Net sales increased by 9.1% to $432.0 million compared to the same quarter last year.
Net income for the quarter was $17.2 million ($1.01 per diluted share), up from $12.8 million ($0.75 per diluted share) in the prior year.
Adjusted EPS per diluted share was $1.50, compared to $1.30 in the same quarter of the previous fiscal year.
The company paid down an additional $40.0 million of its term loan facility during the quarter.
Forward Guidance
The company's focus will be on continuing to increase production to match a strong demand environment and mitigate inflationary pressures in material, logistics and labor.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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