American Woodmark reports first-quarter improvement
- August 24, 2010
Sales rose 8 percent and losses fell by $3 million in the first quarter of American Woodmark’s 2011 fiscal year.
The Winchester-based company said net sales increased to $109.3 million with new construction revenue rising more than 20 percent.
The company had a net loss of $3.4 million for the quarter, or 24 cents per share, down from $6.4 million, 45 cents per share, during the same period last year.
First-quarter results for fiscal year 2010 included $1.6 million in restructuring charges.
American Woodmark makes kitchen cabinets and vanities for remodeling and new home construction markets.