American Woodmark reports Q2 adjusted EPS 76c, consensus $1.20

Reports Q2 revenue $394.6M, consensus $410.62M. “Demand trends remain challenged in both the new construction and remodel markets. Our teams are executing well despite the lower volumes and delivered Adjusted EBITDA margins of 10.0% for the second fiscal quarter,” said Scott Culbreth, CEO. “Actions have been put in place or are in process to mitigate tariff and lower demand impacts on the business, including structural cost reductions, supplier negotiations, alternative sourcing and price increases. We estimate the unmitigated tariff impact at the current rates, in effect as of today’s date, to represent approximately 4-4.5% of the company’s annualized net sales with the impact varying by product category. This impact does not include the potential increase on Section 232 tariffs to 50%. The company is also focused on closing the previously announced merger transaction with MasterBrand, Inc. so that we can provide a broader product portfolio across expanded channels, advance our innovation capabilities, and create exciting opportunities for team members.”