American Woodmark Reports 12% Q1 Drop

American Woodmark (NASDAQ:AMWD), a major cabinet manufacturer serving the residential building and remodeling industry, released its financial results for the first quarter of fiscal 2026 on August 26, 2025. The report detailed a significant decline in both sales and profit, highlighting sharply lower demand and higher operating costs. GAAP revenue was $403.0 million, a 12.2% drop from the same quarter last fiscal year. Non-GAAP earnings per share were $1.01, a 52.8% decrease in non-GAAP EPS compared with the same quarter last fiscal year, from $2.14 to $1.01. Adjusted EBITDA also fell by almost one-third (32.8%). Management did not provide a new financial outlook, citing the proposed merger with MasterBrand. Overall, the period highlighted considerable weakness in the company’s core markets and heightened strategic uncertainty.American Woodmark designs, manufactures, and distributes kitchen, bath, and home organization cabinetry. Its offerings span both made-to-order and stock product types for households and builders. This allows it to reach a variety of customers and projects, from large-scale new construction to individual room remodels.Recent business strategy has focused on maintaining strong ties with major home improvement retailers, offering a diversified product portfolio, and operating an integrated manufacturing network. Customer relationships, especially with large home centers like Home Depot and Lowe’s (which together represented about 40.8% of sales in FY2025), are especially important. Key success also depends on controlling raw material and distribution costs in a competitive, price-sensitive market.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool