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American Woodmark widens loss

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American Woodmark Corp. reported a larger than expected loss in its second quarter as sales promotions costs increased.

The Winchester-based manufacturer of cabinets and vanities reported a $7.3 million loss for its second quarter, or 52 cents per diluted share, compared with a $5.3 million loss, or 37 cents per share, in the second quarter last year. Analysts had predicted a loss of 19 cents per share.

The company said its margins lowered in the quarter primarily from increased sales promotion costs.

Net sales in the quarter rose 3 percent to $107.6 million in the second quarter, compared with $104 million in the second quarter last year.


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