American Woodmark Corporation (NASDAQ:AMWD) reported fiscal first-quarter results on Tuesday that missed analyst projections, as continued softness in both the new construction and remodel segments weighed on performance.
The cabinet manufacturer posted adjusted earnings per share of $1.01, well below the consensus estimate of $1.33. Revenue totaled $403 million, down 12.2% from a year earlier and missing the forecast of $419.03 million.
Net income fell 50.7% year-on-year to $14.6 million, representing 3.6% of net sales versus 6.5% in the same period of 2025. Adjusted EBITDA dropped 32.8% to $42.2 million, with margins compressing to 10.5% from 13.7% a year ago.
“The new construction and remodel market continued to be weaker than expected for the first quarter of fiscal year 2026. Our teams are executing well despite the lower volumes,” said Scott Culbreth, President and CEO. “Demand trends are expected to remain challenging in both markets, but I am confident in our team’s ability to navigate the current macroeconomic environment.”
The company attributed the decline in earnings to lower sales volume, a mix shift toward lower-priced products, higher input costs including tariffs, ERP implementation expenses, and merger-related charges. These headwinds were partially offset by favorable mark-to-market adjustments on foreign exchange forwards and controlled discretionary spending.
During the quarter, American Woodmark generated $33.1 million in operating cash flow and repurchased 209,757 shares for $12.4 million. At the end of July 2025, the company held $54.9 million in cash with access to an additional $315.2 million under its revolving credit facility.
No financial guidance was provided due to the proposed merger with MasterBrand, Inc., announced on August 6, 2025.
American Woodmark Corporation stock price
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