NASDAQ$AMWD

American Woodmark Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported an increase in net sales but a decrease in net income due to inflationary pressures.

American Woodmark Corporation announced first quarter fiscal 2022 results with net sales increasing by 13.5% to $442.6 million. However, net income decreased to $3.0 million ($0.18 per diluted share) due to rapidly evolving inflationary pressures outpacing pricing actions.

  • Net sales increased by 13.5% to $442.6 million compared to the same quarter of the prior fiscal year.
  • Net income decreased to $3.0 million ($0.18 per diluted share) compared to $16.1 million ($0.94 per diluted share) in the prior year.
  • Adjusted EPS per diluted share was $0.70 compared to $1.63 in the same quarter of the prior fiscal year.
  • Adjusted EBITDA decreased by 43.1% to $32.1 million, or 7.3% of net sales.

Headline financials

Total Revenue

$443M

Previous: $390M+13.5%
EPS (adj)

$0.70

Previous: $1.66-57.8%
Adjusted EBITDA Margin

7.3%

Previous: 14.6%-50.0%
Capital Expenditures

-$11.9M

Previous: -$5.18M-129.0%
Free Cash Flow

-$5.28M

Previous: $34.8M-115.2%
Net Income

$2.98M

Previous: $16.5M-81.9%
Operating Income

$6.46M

Previous: $26.8M-75.9%
Gross Profit

$53.4M

Previous: $80.1M-33.3%
Cash & Equivalents

$27.8M

Previous: $128M-78.3%
Total Assets

$1.59B

Previous: $1.67B-4.7%
Stock-Based Comp

$1.18M

Previous: $961K+22.5%

Revenue & EPS history

American Woodmark · Revenue · Quarterly

$443M

Q1 2022+13.5%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

The company focuses on increasing production to match strong demand, reducing backlog, and realizing additional pricing actions to mitigate inflationary pressures in materials, logistics, and labor.

Tailwinds

  • Focus on increasing production to match a strong demand environment.
  • Reducing backlog.
  • Realizing additional pricing actions to mitigate inflationary pressures in materials.
  • Mitigating inflationary pressures in logistics.
  • Mitigating inflationary pressures in labor.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.1%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-4.3%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+22.5%

Q2 2018

Best reaction

-19.1%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026-0.8%-8.0%-22.8%
Q2 2026+5.3%+6.3%+5.7%
Q1 2026+0.6%-3.7%-2.5%
Q4 2025+3.0%-3.0%-6.1%
Q3 2025-13.0%-16.6%-16.9%
Q2 2025-11.6%-10.0%-18.7%
Q1 2025-11.6%-10.3%-8.6%
Q4 2024-4.6%-6.5%-14.6%
Q3 2024+1.2%-7.7%+0.6%
Q2 2024+16.0%+15.5%+28.9%
Q1 2024+5.7%+10.0%+5.2%
Q4 2023+18.8%+16.1%+29.4%
Q3 2023-10.3%-2.1%-14.5%
Q2 2023+4.3%+3.0%-6.1%
Q1 2023+9.3%+8.4%-6.5%
Q4 2022+3.1%+1.2%-10.8%
Q3 2022+9.6%+13.7%+4.0%
Q2 2022-4.6%-9.7%-12.6%
Q1 2022-13.0%-13.8%-18.7%
Q4 2021-8.5%-6.6%-13.4%
Q3 2021-7.4%-6.5%-3.7%
Q2 2021-12.5%-11.3%-8.9%
Q1 2021-8.0%-5.3%-21.2%
Q4 2020+7.3%+3.7%+17.5%
Q3 2020-19.1%-27.9%-54.6%
Q2 2020-0.3%-2.3%-0.1%
Q1 2020+8.4%+13.2%+19.0%
Q4 2019-13.0%-15.1%-3.7%
Q3 2019+0.5%-0.7%-6.6%
Q2 2019-1.5%-8.2%-16.0%
Q1 2019+1.2%+0.0%-5.9%
Q4 2018+16.3%+16.0%+2.0%
Q3 2018-7.1%-6.3%-17.8%
Q2 2018+22.5%+18.4%+30.8%
Q1 2018-13.9%-14.3%-4.7%
Q4 2017+4.4%+9.2%+6.1%
Q3 2017+6.8%+6.4%+10.8%
Q2 2017-4.5%-3.5%-6.2%
Q1 2017+10.3%+10.2%+4.6%
Q4 2016-13.6%-20.1%-15.9%
Q3 2016-1.7%
Q2 2016+20.5%
Q1 2016+1.1%
Q4 2015+10.0%
Q3 2015+13.7%
Q2 2015-0.8%
Q1 2015+18.9%
Q4 2014+2.0%
Q3 2014-11.9%
Q2 2014+3.0%
Q1 2014+10.4%
Q4 2013-2.9%
Q3 2013+5.8%
Q2 2013+18.3%
Q1 2013+4.6%
Q4 2010+6.3%
Q4 2012+6.3%
Q3 2011-2.0%
Q3 2012-2.0%
Q2 2011-6.4%
Q2 2012-6.4%
Q1 2011-1.9%
Q4 2011-1.9%
Q1 2012+12.6%
Q3 2010+1.7%

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