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American Woodmark (AMWD) investor relations material
American Woodmark Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales declined 18.4% year-over-year to $324.3 million for the quarter and 14.3% to $1.12 billion for the nine months ended January 31, 2026, reflecting ongoing weakness in both new construction and remodeling markets.
Reported a net loss of $28.7 million for the quarter and $8.0 million for the nine months, compared to net income of $16.6 million and $73.9 million in the prior-year periods, driven by lower sales, goodwill impairment, and merger-related costs.
Goodwill impairment charge of $30.1 million recognized in the quarter due to sustained stock price decline and weaker operating performance.
Announced a pending merger with MasterBrand, Inc., with all shareholder approvals obtained and regulatory review ongoing; expected to broaden product portfolio and expand channels.
Financial highlights
Gross profit margin fell to 11.6% from 15.0% year-over-year for the quarter, and to 14.7% from 18.2% for the nine months, due to lower volumes, unfavorable mix, and higher input costs.
Adjusted EBITDA was $21.6 million (6.7% margin) for the quarter and $103.5 million (9.2% margin) for the nine months, down from $38.4 million (9.7%) and $161.5 million (12.3%) in the prior-year periods.
Adjusted EPS per diluted share was $0.45 for the quarter and $2.21 for the nine months, compared to $1.05 and $5.28 in the prior-year periods.
Free cash flow for the first nine months was $2.1 million.
Cash and cash equivalents totaled $28.3 million at quarter-end, with $315.7 million available under the revolving credit facility.
Outlook and guidance
Management expects continued softness in both new construction and repair/remodel markets, with macroeconomic headwinds including weak consumer sentiment, tariffs, inflation, and limited interest rate relief.
No updated financial guidance provided due to the pending merger.
Focus remains on mitigating tariffs, structural cost reductions, supplier negotiations, alternative sourcing, and price increases.
- All-stock merger of MasterBrand and American Woodmark, with fixed exchange ratio and new board structure.AMWD
Proxy Filing - Proxy covers director elections, auditor ratification, pay, and strong governance and ESG.AMWD
Proxy Filing - Board supports director elections, auditor ratification, and pay-for-performance executive compensation.AMWD
Proxy Filing - Sales and earnings fell sharply amid weak demand, higher costs, and a pending merger.AMWD
Q2 2026 - Sales and profit declined sharply as merger plans advanced and market demand weakened.AMWD
Q1 2026 - Sales and earnings fell on remodeling weakness, but guidance and investments remain steady.AMWD
Q2 2025 - Net sales declined 7.9% as remodeling softened, but builder sales grew 3.3% year-over-year.AMWD
Q1 2025 - Sales and earnings fell in FY25; FY26 outlook remains cautious amid tariff and demand uncertainty.AMWD
Q4 2025 - Sales and earnings declined amid soft demand, with restructuring and buybacks ongoing.AMWD
Q3 2025
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