AMERICAN WOODMARK CORP

Listed Company

AMWDCIK 0000794619NasdaqLarge AcceleratedMillwood, Veneer, Plywood, & Structural Wood MembersVirginiaFY ends Apr 30

Period

FY 2025

Revenue

$1.71B

Net Income

$99.46M

Total Assets

$1.57B

Equity

$916.00M

Shares Out

14.57M

Op. Cash Flow

$108.45M

Business

AMERICAN WOODMARK CORP designs, manufactures, and sells cabinetry and related products for residential remodeling and new home construction markets. It offers kitchen, bath, office cabinetry, home organization products, hardware, made-to-order and stock product lines, and turnkey installation services. The company operates through brands serving three primary channels: home centers, builders, and independent dealers and distributors, and provides in-house design, measurement, and installation solutions. It distributes products nationally across the United States via its manufacturing facilities, service and distribution centers, and a third-party logistics network, with production operations in the U.S. and Mexico.

Summary from filing dated 2025-06-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Net sales	1,710	1,848	2,066	1,857	1,744
Cost of sales and distribution	1,403	1,470	1,709	1,631	1,422
Gross Profit	307	378	358	226	322
Selling and marketing expenses	86	93	95	93	89
General and administrative expenses	75	124	125	98	113
Restructuring charges, net	5	−200,000	2	200,000	6
Operating Income	140	161	136	36	115
Interest expense, net	10	8	16	10	23
Pension settlement, net	0	0	−7,000	68	0
Net gain on debt modification	10,000	0	2	0	0
Other expense (income), net	3	1	−232,000	476,000	11
Income Before Income Taxes	127	152	123	−43	81
Income tax expense	27	36	29	−13	20
Net Income	99	116	94	−30	61
Basic (usd per share)	6.55	7.2	5.64	−1.79	3.61
Diluted (usd per share)	6.5	7.15	5.62	−1.79	3.59

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Cash and cash equivalents	48	87	42	22	91
Customer receivables, net	111	118	119	157	147
Total inventories	178	159	191	228	158
Income taxes receivable	3	15	0	—	—
Prepaid expenses and other assets	24	24	17	21	14
Total Current Assets	364	403	368	429	410
Property, plant and equipment, net	245	272	219	214	204
Operating lease right-of-use assets	129	126	100	108	123
Goodwill, net	768	768	768	768	768
Promotional displays, net	4	3	7	13	15
Deferred income taxes	11	5	1	1	1
Other assets	49	16	25	24	12
TOTAL ASSETS	1,571	1,594	1,519	1,632	1,654
Accounts payable	50	64	64	111	92
Current maturities of long-term debt	8	3	2	2	8
Short-term lease liability - operating	34	27	25	22	20
Accrued compensation and related expenses	52	61	50	44	59
Accrued marketing expenses	12	16	13	16	20
Other accrued expenses	28	23	25	20	22
Total Current Liabilities	183	196	178	216	220
Long-term debt, less current maturities	366	372	369	507	513
Deferred income taxes	0	5	12	38	43
Long-term lease liability - operating	103	107	81	95	110
Other long-term liabilities	3	4	4	3	12
Preferred Stock, Value, Issued	0	0	0	0	0
Common Stock, Value, Issued	346	360	370	363	363
Retained earnings	569	543	493	399	448
Defined benefit pension plans	555,000	7	10	10	−55
Total Shareholders' Equity	916	910	874	773	756
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,571	1,594	1,519	1,632	1,654
Preferred stock, shares authorized	2	2	2	2	2
Preferred stock, shares issued	0	0	0	0	0
Common stock, no par value	0	0	0	0	0
Common stock, shares authorized	40	40	40	40	40
Common stock, shares outstanding	15	16	17	17	17
Preferred stock, par value	1	1	1	1	1

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Depreciation and amortization	56	79	94	97	100
Net loss on disposal of property, plant and equipment	463,000	2	1	697,000	−2
Reduction in carrying amount of operating lease right-of-use assets	39	31	27	28	27
Amortization of debt issuance costs	857,000	842,000	861,000	867,000	3
Unrealized loss on foreign exchange forward contracts	4	2	0	0	−1
Net gain on debt forgiveness and modification	10,000	0	2	0	−14
Stock-based compensation expense	8	11	7	5	5
Deferred income taxes	−9	−10	−24	−26	−13
Contributions of employer stock to employee benefit plan	5	4	838,000	3	4
Other non-cash items	3	2	8	489,000	4
Customer receivables, net	4	2	35	−11	−43
Inventories	−23	28	31	−70	−34
Income taxes receivable/payable	11	−17	3	−6	488,000
Prepaid expenses and other assets	−18	−6	−5	−4	−6
Accounts payable	−19	227,000	−50	16	33
Accrued compensation and related expenses	−10	11	5	−16	1
Operating lease liabilities	−39	−30	−27	−25	−24
Accrued marketing and other accrued expenses	−5	5	2	−7	26
Net Cash Provided by Operating Activities	108	231	199	24	152
Payments to acquire property, plant and equipment	−40	−91	−43	−44	−36
Proceeds from sales of property, plant and equipment	105,000	50,000	43,000	10,000	4
Investment in promotional displays	−3	−1	−3	−7	−11
Net Cash Used by Investing Activities	−43	−92	−45	−52	−42
Payments of long-term debt	−5	−3	−133	−51	−433
Repurchase of common stock	−97	−88	0	−25	−20
Withholding of employee taxes related to stock-based compensation	−3	−2	−1	−1	−1
Debt issuance cost	−198,000	0	0	−42,000	−3
Net Cash Used by Financing Activities	−105	−93	−134	−42	−115
Net (Decrease) Increase in Cash and Cash Equivalents	−39	46	19	−69	−6
Property, plant and equipment	4,383	327	2,684	1,050	2,527
Interest	14,811	14,873	17,347	9,904	22,981
Income taxes	44	63	50	18,761	33,055

Filings

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