American Woodmark Q3 2021 Earnings Report
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.
American Woodmark
American Woodmark
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.