Keep Your Eyes on Stock News: American Woodmark Corporation (NASDAQ:AMWD)

On Tuesday American Woodmark Corporation (NASDAQ:AMWD) stock price moved downward at -2.15%. Its total market capitalization is $1744113630. Its day lowest price was $102.27 and its hit its day highest price at $108. The stock recent volume is 360191 shares in comparison to its average trading volume of 134559 shares. Looking at the stock’s price level on the past 52-week graph, AMWD recorded a 52-week high of $108 and its 52-week low of $53.35.

On Nov. 26, 2019, American Woodmark Corporation (NASDAQ:AMWD) revealed results for its second fiscal quarter ended October 31, 2019.

Net sales for the second fiscal quarter increased 0.7% to $428.0 million compared with the same quarter of the prior fiscal year.  Net sales for the first six months of the current fiscal year increased 0.2% to $855.4 million from the comparable period of the prior fiscal year.  The Company experienced growth in the builder channel during the second quarter and first six months of fiscal year 2020, which was offset by declines in the home center and independent dealers and distributors channels.

Net income was $22.2 million ($1.31 per diluted share) for the second quarter of the current fiscal year compared with $18.5 million ($1.05 per diluted share) in the same quarter of the prior fiscal year.  Net income for the current quarter was positively impacted by higher sales, lower selling and marketing expense and lower interest expense.  Net income for the first six months of the current fiscal year was $49.0 million ($2.90 per diluted share) compared with $43.3 million ($2.46 per diluted share) for the same period of the prior fiscal year.  Adjusted EPS per diluted share was $1.84 for the second quarter of the current fiscal year compared with $1.60 in the same quarter of the prior fiscal year and $3.97 for the first six months of the current fiscal year compared with $3.64 for the same period of the prior fiscal year.

Adjusted EBITDA for the second fiscal quarter was $62.9 million, or 14.7% of net sales, compared to $60.8 million, or 14.3% of net sales, for the same quarter of the prior fiscal year.  Adjusted EBITDA for the first six months of the fiscal year was $132.5 million, or 15.5% of net sales, compared to $128.9 million, or 15.1% of net sales, for the same period of the prior fiscal year.

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