American Woodmark (AMWD) Misses Q1 EPS by 3c, Miss on Revenues

American Woodmark (NASDAQ: AMWD) reported Q1 EPS of $1.36, $0.03 worse than the analyst estimate of $1.39. Revenue for the quarter came in at $276.8 million versus the consensus estimate of $279.23 million.

• Net sales for the first fiscal quarter increased 7% to $276.8 million compared with the same quarter of the prior fiscal year. The Company experienced growth in both the new construction and dealer channels during the first quarter of fiscal year 2018.
• Net income was $22.3 million ($1.36 per diluted share) for the first quarter of the current fiscal year compared with $21.7 million ($1.32 per diluted share) for the first quarter of the prior fiscal year. The Company benefited $0.13 per diluted share in the first quarter of the current fiscal year and $0.06 per diluted share in the first quarter of the prior fiscal year from a lower tax rate due to a benefit from stock-based compensation transactions.

For earnings history and earnings-related data on American Woodmark (AMWD) click here.

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