American Woodmark (AMWD) Misses Q1 EPS by 85c

American Woodmark (NASDAQ: AMWD) reported Q1 EPS of $0.70, $0.85 worse than the analyst estimate of $1.55. Revenue for the quarter came in at $442.6 million versus the consensus estimate of $461.79 million.

"While delivering sales growth across all channels our adjusted EBITDA margins of 7.3% were below expectations. Although we have and are also in the process of implementing significant pricing actions due to the increasing inflationary pressures we are facing, we only realized approximately $3 million of impact in the first quarter of fiscal 2022. Assuming our current sales level, we expect the impact of confirmed pricing actions to increase in the second half of fiscal 2022 to over $25 million per quarter," said Scott Culbreth, President and CEO. "Looking forward our focus remains on increasing production to match a strong demand environment and reducing backlog and realizing additional pricing actions to mitigate inflationary pressures in materials, logistics, and labor."

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

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