American Woodmark

American Woodmark Corporation Announces the Launch of a New Brand: 1951 Cabinetry™

Retrieved on: 
Monday, March 4, 2024

American Woodmark Corporation (NASDAQ: AMWD) (the "Company") today announced a new brand being added to their portfolio: 1951 Cabinetry™.

Key Points: 
  • American Woodmark Corporation (NASDAQ: AMWD) (the "Company") today announced a new brand being added to their portfolio: 1951 Cabinetry™.
  • Inspired by the Company’s 70-year heritage, 1951 aims to build on the cabinet manufacturer’s strong foundation to provide unparalleled service to distributors.
  • 1951 Cabinetry will be sold directly to distributors with a wide range of product offerings.
  • Alongside the launch of 1951 Cabinetry comes 1951 Foundations and 1951 Progressions.

American Woodmark Corporation Announces Third Quarter Results

Retrieved on: 
Thursday, February 29, 2024

American Woodmark Corporation (NASDAQ: AMWD) (the "Company") today announced results for its third fiscal quarter ended January 31, 2024.

Key Points: 
  • American Woodmark Corporation (NASDAQ: AMWD) (the "Company") today announced results for its third fiscal quarter ended January 31, 2024.
  • “Consistent with the first half of fiscal year 2024 performance, net sales and Adjusted EBITDA exceeded our expectations as improved operational performance continues.
  • Adjusted EPS per diluted share was $1.66 for the third quarter of fiscal 2024 compared with $1.46 in the same quarter of the prior fiscal year.
  • Adjusted EBITDA for the third quarter of fiscal 2024 decreased $0.4 million, or 0.7%, to $50.6 million, or 12.0% of net sales, compared to $51.0 million, or 10.6% of net sales, for the same quarter of the prior fiscal year.

American Woodmark Corporation Announces Third Quarter Conference Call on the Internet

Retrieved on: 
Thursday, February 15, 2024

American Woodmark Corporation (NASDAQ: AMWD) will provide an online, real-time webcast of its conference call to discuss third quarter results on Thursday, February 29, 2024.

Key Points: 
  • American Woodmark Corporation (NASDAQ: AMWD) will provide an online, real-time webcast of its conference call to discuss third quarter results on Thursday, February 29, 2024.
  • The live broadcast of American Woodmark Corporation’s conference call will be available online at: americanwoodmark.com on Thursday, February 29, beginning at 4:30 p.m. (Eastern Time).
  • The online replay will follow immediately and continue for 30 days.
  • A telephonic replay will be available from 7:30 p.m. (Eastern Time) February 29 through 7:30 p.m. (Eastern Time) March 7, by dialing 877-344-7529 and entering passcode 5416655.

American Woodmark Adds Philip Fracassa, Executive Vice President and CFO at Timken, to the Board of Directors

Retrieved on: 
Monday, January 22, 2024

American Woodmark Corporation (NASDAQ: AMWD), a leading supplier of cabinetry to the new construction and remodeling industries, today announced that Philip Fracassa has joined its board of directors.

Key Points: 
  • American Woodmark Corporation (NASDAQ: AMWD), a leading supplier of cabinetry to the new construction and remodeling industries, today announced that Philip Fracassa has joined its board of directors.
  • Mr. Fracassa has served as executive vice president and chief financial officer of The Timken Company (NYSE: TKR), a global leader in engineered bearings and industrial motion products, since 2014.
  • Fracassa joined Timken in 2005 and progressed through several key roles during his tenure, including senior vice president – tax and treasury, senior vice president and group controller, and senior vice president – corporate planning and development.
  • “We are excited to add Phil’s financial management expertise and global manufacturing experience to the American Woodmark Board.

American Woodmark Corporation Announces Second Quarter Results and a $125 Million Stock Repurchase Authorization

Retrieved on: 
Thursday, November 30, 2023

American Woodmark Corporation (NASDAQ: AMWD) (the "Company") today announced results for its second fiscal quarter ended October 31, 2023.

Key Points: 
  • American Woodmark Corporation (NASDAQ: AMWD) (the "Company") today announced results for its second fiscal quarter ended October 31, 2023.
  • Net income was $30.3 million ($1.85 per diluted share) compared with $28.8 million ($1.73 per diluted share) in the same quarter of the prior fiscal year.
  • Adjusted EPS per diluted share was $2.36 for the second quarter of fiscal 2024 compared with $2.24 in the same quarter of the prior fiscal year.
  • Adjusted EBITDA for the second quarter of fiscal 2024 increased $4.7 million, or 7.0%, to $72.3 million, or 15.3% of net sales, compared to $67.6 million, or 12.0% of net sales, for the same quarter of the prior fiscal year.

American Woodmark Corporation Announces Second Quarter Conference Call on the Internet

Retrieved on: 
Thursday, November 16, 2023

American Woodmark Corporation (NASDAQ: AMWD) will provide an online, real-time webcast of its conference call to discuss second quarter results on Thursday, November 30, 2023.

Key Points: 
  • American Woodmark Corporation (NASDAQ: AMWD) will provide an online, real-time webcast of its conference call to discuss second quarter results on Thursday, November 30, 2023.
  • The live broadcast of American Woodmark Corporation’s conference call will be available online at: americanwoodmark.com on Thursday, November 30, beginning at 4:30 p.m. (Eastern Time).
  • The online replay will follow immediately and continue for 30 days.
  • A telephonic replay will be available from 7:30 p.m. (Eastern Time) November 30 through 7:30 p.m. (Eastern Time) December 7, by dialing 877-344-7529 and entering passcode 3475874.

Energy Recovery Announces Leadership Transition

Retrieved on: 
Tuesday, October 24, 2023

Energy Recovery, Inc. (Nasdaq: ERII) today announced Mr. David Moon, a current member of the Energy Recovery Board of Directors, has been appointed interim Chief Executive Officer, effective immediately.

Key Points: 
  • Energy Recovery, Inc. (Nasdaq: ERII) today announced Mr. David Moon, a current member of the Energy Recovery Board of Directors, has been appointed interim Chief Executive Officer, effective immediately.
  • "The Board has firm conviction in Energy Recovery’s long-term potential and is confident Mr.
  • Moon is the right leader for this moment of transition, alongside the rest of the management team,” said Ms. Tondreau.
  • “The Board will work closely with the management team to ensure this transition is seamless for Energy Recovery’s shareholders, customers, employees, and suppliers.”
    Ms. Tondreau continued, “The Board thanks Mr. Mao for his leadership in developing the concept of our PX technology as a platform.

Insight Sourcing Executive Vice President to Present at OnCon 2023

Retrieved on: 
Tuesday, October 17, 2023

Insight Sourcing, North America’s leading consulting firm focused exclusively on strategic sourcing and procurement-related services, is pleased to announce that Executive Vice President Jake Wojcik will be presenting at the OnCon 2023 Fall Virtual Summit .

Key Points: 
  • Insight Sourcing, North America’s leading consulting firm focused exclusively on strategic sourcing and procurement-related services, is pleased to announce that Executive Vice President Jake Wojcik will be presenting at the OnCon 2023 Fall Virtual Summit .
  • As an OnCon presenter, Wojcik will explore how CFOs are leveraging procurement to safeguard margins and tap into the efficiencies of the digital procurement ecosystem.
  • He will investigate the strategic measures employed by Chief Financial Officers to align expenditures with diminishing revenues, with a focus on innovative cost management strategies.
  • The OnCon 2023 Fall Virtual Summit will take place virtually October 23-24, 2023.

American Woodmark Corporation Announces First Quarter Results

Retrieved on: 
Tuesday, August 29, 2023

American Woodmark Corporation (NASDAQ: AMWD) (the "Company") today announced results for its first fiscal quarter ended July 31, 2023.

Key Points: 
  • American Woodmark Corporation (NASDAQ: AMWD) (the "Company") today announced results for its first fiscal quarter ended July 31, 2023.
  • “Net sales and Adjusted EBITDA exceeded our expectations for the quarter as improved operational performance continues.
  • Adjusted EPS per diluted share was $2.78 for the first quarter of fiscal 2024 compared with $1.71 in the same quarter of the prior fiscal year.
  • Cash provided by operating activities for the current fiscal quarter was $86.7 million and free cash flow totaled $72.5 million.

American Woodmark Corporation Announces First Quarter Conference Call on the Internet

Retrieved on: 
Tuesday, August 15, 2023

American Woodmark Corporation (NASDAQ: AMWD) will provide an online, real-time webcast of its conference call to discuss first quarter results on Tuesday, August 29, 2023.

Key Points: 
  • American Woodmark Corporation (NASDAQ: AMWD) will provide an online, real-time webcast of its conference call to discuss first quarter results on Tuesday, August 29, 2023.
  • The live broadcast of American Woodmark Corporation’s conference call will be available online at: americanwoodmark.com on Tuesday, August 29, beginning at 4:30 p.m. (Eastern Time).
  • The online replay will follow immediately and continue for 30 days.
  • A telephonic replay will be available from 7:30 p.m. (Eastern Time) August 29 through 7:30 p.m. (Eastern Time) September 5, by dialing 877-344-7529 and entering passcode 2917042.