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WINCHESTER, Va. - On Thursday, American Woodmark Corporation (NASDAQ:AMWD) reported fourth quarter earnings that beat expectations, but revenue fell short of estimates.
The company’s shares were down 1.91% in pre-market trading following the release.
The cabinet manufacturer posted adjusted earnings per share of $1.61 for the quarter ended April 30, surpassing the analyst consensus of $1.45. However, revenue declined 11.7% YoY to $400.4 million, missing estimates of $427.39 million.
"Demand for our products in the new construction and remodel market were weaker than expected as uncertainty regarding tariff policies and declining consumer confidence slowed foot traffic with builders and retailers," said Scott Culbreth, President and CEO.
For the full fiscal year 2025, net sales decreased 7.5% to $1.71 billion while adjusted EPS fell to $6.90 from $8.60 the prior year.
Looking ahead, American Woodmark provided a cautious outlook, forecasting fiscal 2026 net sales to range from a low-single digit decline to a low-single digit increase. The company expects adjusted EBITDA between $175 million to $200 million for the year.
"Demand trends are expected to remain challenging and our outlook for fiscal year 2026 ranges from low-single digit declines to low-single digit increases in net sales for the full fiscal year," Culbreth added.
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