NASDAQ$AMWD

American Woodmark Corporation · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

American Woodmark's Q4 2023 financial performance reflected a decrease in net sales but an increase in net income and adjusted EBITDA.

American Woodmark Corporation announced preliminary results for its fourth fiscal quarter ended April 30, 2023. Net sales decreased by 4.1% year-over-year to $481.1 million. However, net income increased by 108% year-over-year to $30.1 million, and adjusted EBITDA increased by 46.7% year-over-year to $65.3 million.

  • Net sales decreased 4.1% year-over-year to $481.1 million.
  • Net income increased 108% year-over-year to $30.1 million.
  • GAAP EPS was $1.80, and adjusted EPS was $2.21.
  • Adjusted EBITDA increased 46.7% year-over-year to $65.3 million.

Headline financials

Total Revenue

$481M

Previous: $502M-4.1%
EPS (adj)

$2.21

Previous: $1.38+60.1%
Adjusted EBITDA Margin

13.6%

Previous: 8.9%+52.8%
Capital Expenditures

$25.5M

Previous: $14.3M+78.0%
Free Cash Flow

$61.9M

Previous: -$27.1M+328.1%
Net Income

$30.1M

Previous: $14.5M+107.2%
Operating Income

$39.8M

Previous: $19M+109.0%
Gross Profit

$96.7M

Previous: $69.7M+38.7%
Cash & Equivalents

$41.7M

Previous: $22.3M+86.9%
Total Assets

$1.52B

Previous: $1.63B-7.0%
Stock-Based Comp

$2.15M

Previous: $1.31M+64.0%

Revenue & EPS history

American Woodmark · Revenue · Quarterly

$481M

Q4 2023-4.1%vs Q4 2022
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

For fiscal 2024, American Woodmark expects a low double-digit net sales decline year-over-year and adjusted EBITDA in the range of $205 million to $225 million.

Headwinds

  • Low double digit net sales decline year-over-year
  • Adjusted EBITDA in the range of $205 million to $225 million

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 2023

Historical avgQ4 2023

+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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