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Apr 30, 2024
American Woodmark Q4 2024 Earnings Report
Net sales and Adjusted EBITDA exceeded expectations, driven by improving demand and strategic focus on automation and operational excellence.
Key Takeaways
American Woodmark Corporation reported a decrease in net sales by 5.8% year-over-year to $453.3 million for the fourth quarter of fiscal year 2024. Net income decreased by 11.1% year-over-year to $26.8 million, with GAAP EPS at $1.69 and Adjusted EPS at $1.70. The company's performance was impacted by startup costs for new locations, but benefited from improved demand and operational efficiencies.
Net sales decreased by 5.8% year-over-year to $453.3 million.
Net income decreased by 11.1% year-over-year to $26.8 million.
GAAP EPS was $1.69, and Adjusted EPS was $1.70.
Adjusted EBITDA decreased 16.2% year-over-year to $54.7 million.
American Woodmark
American Woodmark
Forward Guidance
For fiscal year 2025, the Company expects a low single-digit net sales increase year-over-year and Adjusted EBITDA in the range of $235 million to $255 million.
Positive Outlook
- Projecting fiscal 2025 net sales to increase low single digits.
- Anticipating Adjusted EBITDA in the range of $235 to $255 million.
- Teams delivered strong operational and commercial performance in fiscal year 2024.
- Strategic focus on automation and operational excellence is working.
- Looking to grow across all channels.