American Woodmark: Persisting Remodel Market Weakness And Cautious New Construction Outlook [Seeking Alpha]
American Woodmark Corporation (AMWD)
Last american woodmark corporation earnings: 2/25 06:30 am
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US:NASDAQ Investor Relations:
investors.americanwoodmark.com
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Source: Seeking Alpha
15min Summary In 1Q25, AMWD reported net sales decline of 7.9%. Additionally, its adjusted EBITDA margin contracted from 15.1% to 13.7% due to remodel market softness. Weaker demand in the remodel sector saw sales drop 15.6% year-over-year. This was driven by reduced consumer spending on larger home renovation projects. The Fed's recent rate cut of 0.50%, its first since the pandemic, could potentially spur demand for home improvement projects as interest rates decline further. The Leading Indicator of Remodelling Activity forecasts continued weakness in remodel spending through mid-2025, with expectations for gradual improvement thereafter. Although AMWD saw single-digit growth in new construction sales, the company remains cautious about the outlook, with slowing single-family housing starts posing challenges. imaginima/E+ via Getty Images Synopsis American Woodmark ( NASDAQ: AMWD ) is one of the largest cabinet manufacturers in the US. It sells its products to th
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News
- American Woodmark Corporation Announces Second Quarter Conference Call on the InternetBusiness Wire
- World Kitchen Furniture Market Outlook 2024, with Profiles of 50 Leading Manufacturers Including American Woodmark, Cabico, Fournier, Hanssem, Ikea, Lube, MasterBrand Cabinets, Nobilia and Oppein [Yahoo! Finance]Yahoo! Finance
- American Woodmark Co. (NASDAQ: AMWD) had its price target raised by analysts at Robert W. Baird from $112.00 to $115.00. They now have an "outperform" rating on the stock.MarketBeat
- American Woodmark Co. (NASDAQ: AMWD) was upgraded by analysts at Loop Capital from a "hold" rating to a "buy" rating. They now have a $119.00 price target on the stock, up previously from $98.00.MarketBeat
- American Woodmark's (NASDAQ:AMWD) investors will be pleased with their decent 40% return over the last three years [Yahoo! Finance]Yahoo! Finance
AMWD
Earnings
- 5/23/24 - Miss
AMWD
Sec Filings
- 11/4/24 - Form 4
- 10/15/24 - Form 8-K
- 10/3/24 - Form 4
- AMWD's page on the SEC website