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American Woodmark's Fiscal Q1 Adjusted Earnings, Net Sales Fall
2024-08-27 18:57
06:57 AM EDT, 08/27/2024 (MT Newswires) -- American Woodmark (AMWD) reported fiscal Q1 adjusted earnings Tuesday of $1.89 per diluted share, down from $2.78 a year earlier.
Four analysts surveyed by Capital IQ expected $2.37.
Net sales for the quarter ended July 31 was $459.1 million, down from $498.3 million a year earlier.
Four analysts surveyed by Capital IQ expected $475.4 million.
For fiscal 2025, the company said it expects "low single-digit decline in net sales year-over-year" and adjusted EBITDA in the range of $225 million to $245 million.
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