American Woodmark (AMWD) Tops Q2 EPS by 27c; offers FY24 outlook

American Woodmark (NASDAQ: AMWD) reported Q2 EPS of $2.36, $0.27 better than the analyst estimate of $2.09. Revenue for the quarter came in at $473.9 million versus the consensus estimate of $464.33 million.

OUTLOOK

For fiscal 2024 (which includes the now completed second quarter) the Company expects:

Low double digit net sales decline year-over-year
Adjusted EBITDA in the range of $235 million to $250 million

“During the recently completed second quarter, our teams improved Adjusted EBITDA by 330 BPS to $72.3 million, or 15.3% of net sales, exceeding our expectations. Our team continues to deliver on the commitment to improving our results,” said Paul Joachimczyk, Senior Vice President and Chief Financial Officer. “Given our strong performance for the first half of the fiscal year, we are increasing our full fiscal year 2024 Adjusted EBITDA outlook to $235 million to $250 million.”

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

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