American Woodmark Corporation (NASDAQ:AMWD) Q1 2023 Earnings Conference Call August 30, 2022 11:00 AM ET Company Participants Paul Joachimczyk - Senior Vice President and CFO Scott Culbreth - President and CEO Conference Call Participants Adam Baumgarten - Zelman Steven Ramsey - Thompson Research Group Collin Verron - Jefferies Tim Wojs - Baird Garik Shmois - Loop Capital Operator Good day. And welcome to the American Woodmark Corporation First Fiscal Quarter 2023 Conference Call. Today’s call is being reco ...

American Woodmark Corporation (NASDAQ:AMWD) Q4 2022 Earnings Call Transcript May 26, 2022 11:00 AM ET Company Participants Scott Culbreth - President & CEO Paul Joachimczyk - VP & CFO Conference Call Participants Julio Romero - Sidoti & Company Garik Shmois - Loop Capital Steven Ramsey - Thompson Research Group Josh Chan - Baird Collin Verron - Jefferies McClaran Hayes - Zelman & Associates Operator Good day and welcome to the American Woodmark Corporation Fourth Fiscal Quarter 2022 Conference Call. Today's ...

Financial Performance - The Company's total net sales increased by 6.4% to $459.7 million in the third quarter of fiscal 2022 compared to the same period in fiscal 2021, and by 6.7% to $1,355.5 million for the first nine months of fiscal 2022 [99]. - Remodeling sales increased by 4.1% in the third quarter and 5.5% in the first nine months of fiscal 2022 compared to the prior year, with independent dealer and distributor channel sales up by 5.5% and home center channel sales up by 3.8% in the third quarter [96]. - New construction sales rose by 10.3% in the third quarter and 8.6% in the first nine months of fiscal 2022 compared to the same periods in fiscal 2021 [97]. - Adjusted EPS per diluted share for the third quarter of fiscal 2022 was $0.60, down from $1.57 in the same quarter of the prior fiscal year [113]. - Adjusted EBITDA for the third quarter of fiscal 2022 was $30.6 million, representing 6.6% of net sales, compared to $55.7 million or 12.9% of net sales for the same quarter of the prior fiscal year [110]. - Net income (loss) for Q3 fiscal 2022 was $(49.3) million compared to $18.4 million in Q3 fiscal 2021 [109]. - Net sales increased by 6.7% during the first nine months of fiscal 2022, totaling $1,355.5 million compared to $1,270.6 million in the same period of the prior year [109]. Expenses and Profitability - The Company incurred a net loss of $49.3 million in the third quarter of fiscal 2022, compared to a net income of $18.4 million in the same quarter of the prior year, and a net loss of $44.2 million for the first nine months of fiscal 2022 compared to a net income of $57.6 million in the prior year [98]. - Gross profit margin for the third quarter of fiscal 2022 was 11.3%, down from 17.9% in the same period of fiscal 2021, primarily due to higher material and logistics costs [100]. - General and administrative expenses decreased to 5.1% of net sales in the third quarter of fiscal 2022, compared to 6.1% in the same period of fiscal 2021, driven by higher sales leverage and lower employee incentive costs [101]. Market Conditions - The inflation rate increased to 7.5% as of January 2022, the highest since February 1982, compared to 1.4% in January 2021 [95]. - The unemployment rate decreased to 4.0% as of January 2022, down from 6.3% in January 2021 [94]. - The median price per existing home sold rose by 14.1% during the fourth calendar quarter of 2021 compared to the same period one year ago, while existing home sales decreased by 11.9% [94]. - The Company believes the cabinet remodeling market increased low double-digits during the third quarter of fiscal 2022 versus the prior year quarter [95]. Debt and Cash Management - The company had $0.9 million in cash on hand as of January 31, 2022, with access to an additional $227.0 million under its revolving credit facility [118]. - Total long-term debt was $508.7 million as of January 31, 2022, a decrease of $13.0 million from April 30, 2021 [118]. - The ratio of long-term debt to total capital was 40.3% as of January 31, 2022, compared to 40.4% at April 30, 2021 [118]. - Cash used by operating activities in the first nine months of fiscal 2022 was $13.1 million, a significant decrease from cash provided of $107.5 million in the same period of fiscal 2021 [123]. - Net cash used for investing activities was $35.8 million in the first nine months of fiscal 2022, compared to $29.4 million in the same period of fiscal 2021 [124]. - Net cash used by financing activities was $41.4 million in the first nine months of fiscal 2022, down from $83.4 million in the prior year [124]. - Cash flow from operations and accumulated cash are expected to be sufficient to support working capital requirements and service existing debt obligations for the remainder of fiscal 2022 [127]. Future Outlook - The company expects full year fiscal 2022 sales to grow in the mid-single digits compared to the prior year [114]. - The company plans to maintain its capital investment rate at approximately 2.7% of net sales for the full fiscal year [114]. - The company anticipates that pricing actions will deliver over $55 million in the fiscal fourth quarter to help offset inflationary costs [114]. - The company continues to monitor key metrics such as housing starts and consumer confidence as indicators of demand for its products [115]. Share Repurchase - The company repurchased a total of 299,781 common shares for an aggregate purchase price of $25.0 million during the first nine months of fiscal 2022 [126]. - As of January 31, 2021, $75.0 million remained available for stock repurchases authorized by the Board [126]. Accounting Policies - There have been no significant changes to the Company's critical accounting policies as disclosed in the Annual Report for the fiscal year ended April 30, 2021 [129].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock AMWD NASDAQ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock AMWD NASDAQ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Num ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number: 000-14798 American Woodmark Corporation (Exact name of registrant as specified in its charter) | --- | --- | --- | |-- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number: 000-14798 American Woodmark Corporation (Exact name of registrant as specified in its charter) Vi ...

American Woodmark Corporation (NASDAQ:AMWD) Q3 2020 Results Conference Call February 25, 2020 11:00 AM ET Company Participants Scott Culbreth - Senior Vice President and Chief Financial Officer Cary Dunston - Chairman and Chief Executive Officer Conference Call Participants Garik Shmois - Loop Capital Steven Ramsey - Thompson Research Group Tim Wojs - Baird David MacGregor - Longbow Research Justin Speer - Zelman and Associates Operator Good day, and welcome to the American Woodmark Corporation Third Quart ...