BUZZ-American Woodmark falls after Q3 results miss
ReutersFeb 27, 2025 1:39 PM
Shares of cabinet manufacturer American Woodmark Corp AMWD.O down 12.6% at $62.16, premarket
Posts Q3 adj EPS of $1.05 below analysts' estimate of $1.33, according to data complied by LSEG
Q3 sales of $397.6 mln, also missing expectations of $405.7 mln
"The quarter was impacted by softer demand in the remodel market and a decline in new construction single family activity as inventories were reduced," says Scott Culbreth, CEO
Shares down ~10.5% YTD
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