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Apr 30, 2023
American Woodmark Q4 2023 Earnings Report
American Woodmark's Q4 2023 financial performance reflected a decrease in net sales but an increase in net income and adjusted EBITDA.
Key Takeaways
American Woodmark Corporation announced preliminary results for its fourth fiscal quarter ended April 30, 2023. Net sales decreased by 4.1% year-over-year to $481.1 million. However, net income increased by 108% year-over-year to $30.1 million, and adjusted EBITDA increased by 46.7% year-over-year to $65.3 million.
Net sales decreased 4.1% year-over-year to $481.1 million.
Net income increased 108% year-over-year to $30.1 million.
GAAP EPS was $1.80, and adjusted EPS was $2.21.
Adjusted EBITDA increased 46.7% year-over-year to $65.3 million.
American Woodmark
American Woodmark
Forward Guidance
For fiscal 2024, American Woodmark expects a low double-digit net sales decline year-over-year and adjusted EBITDA in the range of $205 million to $225 million.
Challenges Ahead
- Low double digit net sales decline year-over-year
- Adjusted EBITDA in the range of $205 million to $225 million