Industries

American Woodmark sales up in second quarter

  •  | 
Print this page

Earnings report: American Woodmark Corp., Winchester

THE TAKE: Cabinet and vanity manufacturer American Woodmark Corp. improved its second-quarter profit, led by sales growth in new construction of more than 40 percent. The Winchester-based company saw revenue grow by 24 percent during the quarter and reported a $1.95 million profit, compared with a $2.98 million loss during the same period last year.

THE NUMBERS:
Revenue: Net sales rose 24 percent to $159.8 million, compared with $128.4 million the prior year
Net income: $1.95 million, compared with a $2.98 million loss in the second quarter of 2011
Earnings per share: 13 cents per diluted share, compared with a loss of 21 cents per share
Special items: $100,000 in restructuring charges related to the closure of two manufacturing plants in April and May 2012. This affected earnings by one cent per share.


Reader Comments

comments powered by Disqus


showhide shortcuts