American Woodmark reports Q3 adjusted EPS $1.05, consensus $1.32

Reports Q3 revenue $397.6M, consensus $405.72M. “Despite performance that was below our expectations for the quarter, our teams continue to execute and have built a platform to deliver profitable growth when macroeconomic conditions improve. The quarter was impacted by softer demand in the remodel market and a decline in new construction single family activity as inventories were reduced,” said CEO Scott Culbreth. “Demand trends are expected to remain challenging, and our outlook is for a mid-single digit decline in net sales for the full fiscal year and an Adjusted EBITDA range of $210M-$215M.”