Stock News in Focus: American Woodmark Corporation (NASDAQ: AMWD)

American Woodmark Corporation (NASDAQ: AMWD) stock identified change of 60.06% away from 52-week low price and recently located move of -21.08% off 52-week high price. It has market worth of $1419.18M . AMWD stock has been recorded -0.86% away from 50 day moving average and 12.91% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.49% off 20-day moving average.

American Woodmark Corporation (NASDAQ: AMWD) released results for its fourth fiscal quarter ended April 30, 2019.

Net sales for the fourth fiscal quarter increased 0.4% to $407 million compared with the same quarter of the prior fiscal year.  Net sales for the current fiscal year increased 32% to $1,645 million from the prior fiscal year.  The Company experienced growth in the builder channel and independent dealers and distributors channel during the fourth quarter of fiscal year 2019.  The current fiscal year results include eight incremental months (May through December) of results from the Company’s acquisition of RSI Home Products (“RSI”), which closed December 29, 2017.  Excluding the impact of the RSI acquisition, the Company experienced growth in all channels during fiscal year 2019 versus the comparable prior year period.

Net income was $22.0 million ($1.30 per diluted share) for the fourth quarter of the current fiscal year compared with $19.1 million ($1.08 per diluted share) in the same quarter of the prior fiscal year.  Net income for the current quarter was positively impacted by lower interest expense and taxes.  Net income for the current fiscal year was $83.7 million ($4.83 per diluted share) compared with $63.1 million ($3.77 per diluted share) for the prior fiscal year.  Adjusted EPS per diluted share was $1.87 for the fourth quarter of the current fiscal year compared with $1.64 in the same quarter of the prior fiscal year and $6.91 for the current fiscal year compared with $5.24 for the prior fiscal year.

Adjusted EBITDA for the fourth fiscal quarter was $63.8 million, or 15.7% of net sales, compared to $65.3 million, or 16.1% of net sales, for the same quarter of the prior fiscal year.  Adjusted EBITDA for the current fiscal year was $244.9 million, or 14.9% of net sales, compared to $175.8 million, or 14.1% of net sales, for the prior fiscal year.  The increase in the current fiscal year is primarily due to the inclusion of eight incremental months of results for RSI.

“Volatility by channel continued into our fourth fiscal quarter,” said Cary Dunston, Chairman and CEO.  “We experienced solid growth in the builder channel, and independent dealer and distributor channel, however the home center channel proved to be challenging.  Despite the lower growth and market cost headwinds, we continued to gain cost leverage through our integration work and are pleased with our adjusted EBITDA performance.  Despite the quarter-to-quarter uncertainty in the market, we remain very confident in the underlying industry fundamentals and our ability to grow in all channels.”

Cash provided by operating activities for the current fiscal year was $190.8 million.  Free cash flow totaled $151.5 million for the current fiscal year. The Company paid down $120.0 million of its term loan facility during the current fiscal year and repurchased 745,232 shares of common stock at a cost of $50.0 million.

The Consumer Goods sector company, American Woodmark Corporation noticed change of 1.50% to $85.39 along volume of 137076 shares in recent session compared to an average volume of 155.64K. The stock observed return of -3.58% in 5 days trading activity. The stock was at -4.87% over one month performance. AMWD’s shares are at -1.60% for the quarter and driving a 0.05% return over the course of the past year and is now at 53.36% since this point in 2018.

The average volatility for the week at 2.82% and for month was at 2.82%. There are 16.62M shares outstanding and 15.63M shares are floated in market. Right now the stock beta is 2.3.

Peter Hamm

Peter Hamm is an author, journalist and CEO of the website. He has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. He has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. He has always been interested in the stock market and how it behaves. As the dad of two children, he’s made saving money and investing for them a high priority. Over many years of investing, he has made some wise choices and he’s made many mistakes. But he’s learned from both. Mr. Peter observations and experience give him the insight to stock market patterns and the investor behaviors that create them. He reports about Earnings news category. Address: 3876 Levy Court, EASTON, Pennsylvania Email: Peter@newscontrol.info

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