American Woodmark Corporation announced its financial results for the second quarter of fiscal year 2026.
The company reported net sales of $394.6 million and net income of $6.1 million, representing 1.5% of net sales.
Adjusted EBITDA was $39.6 million, accounting for 10.0% of net sales.
Challenged Demand Trends
Both new construction and remodel markets facing challenges in demand trends.
Mitigating Tariff Impacts
Implemented actions to mitigate tariff and lower demand impacts, including cost reductions and price increases.
Merger with MasterBrand
Focused on closing the merger with MasterBrand, Inc. to enhance product portfolio and innovation capabilities.
Financial Performance
Decrease in net sales and net income for the second quarter and first six months of fiscal year 2026.
- The company experienced a decrease in net sales and net income, attributed to various factors including higher tariff and input costs.
- Adjusted EPS and EBITDA also declined compared to the same periods in the previous fiscal year.
Despite the challenges in demand trends and financial performance, American Woodmark Corporation remains focused on implementing strategies to navigate the current market conditions and enhance its business through the pending merger with MasterBrand, Inc.