NASDAQ$AMWD

American Woodmark Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

American Woodmark's Q4 2021 financial results were announced, revealing increased net sales but decreased net income due to debt modification and higher costs, despite strong market demand and a new stock buyback program.

American Woodmark Corporation reported an 18.6% increase in net sales for the fourth quarter, reaching $473.4 million. However, net income decreased to $2.8 million, or $0.17 per diluted share, due to a pre-tax loss on debt modification and increased material and logistics expenses. The company authorized a $100 million stock buyback program.

  • Net sales increased by 18.6% to $473.4 million, driven by double-digit growth across all channels.
  • Net income decreased to $2.8 million ($0.17 per diluted share) due to a pre-tax loss on debt modification and higher material and logistics costs.
  • Adjusted EPS per diluted share was $1.28, compared to $1.33 in the same quarter of the previous year.
  • The Board of Directors authorized a $100 million stock repurchase program.

Headline financials

Total Revenue

$473M

Previous: $399M+18.6%
EPS (adj)

$1.28

Previous: $1.33-3.8%
Adjusted EBITDA Margin

10.0%

No prior period
Net Leverage

1.93

No prior period
Capital Expenditures

$10.3M

Previous: $6.11M+67.9%
Free Cash Flow

$105M

Previous: $59.2M+78.0%
Net Income

$2.83M

Previous: $13M-78.3%
Operating Income

$21.4M

Previous: $26.9M-20.5%
Gross Profit

$73.8M

Previous: $75.3M-1.9%
Cash & Equivalents

$91.1M

Previous: $97.1M-6.2%
Total Assets

$1.64B

Previous: $1.62B+0.8%
Stock-Based Comp

$1.06M

Previous: $867K+21.7%

Revenue & EPS history

American Woodmark · Revenue · Quarterly

$473M

Q4 2021+18.6%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

The company remains focused on increasing production to meet strong demand while mitigating inflationary pressures on materials, logistics, and labor through pricing and productivity initiatives.

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 Q4 2021

Historical avgQ4 2021

+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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