Wed, Jun 25, 5:59 PM (24 days ago)
**Summary of American Woodmark Corporation (AMWD) 10-K Annual Report for Fiscal Year Ended April 30, 2025** **Financial Performance:** - **Revenue:** $1,709.6 million, a 7.5% decrease from fiscal 2024. - **Net Income:** $99.5 million, a decrease of $16.8 million from fiscal 2024. - **Gross Profit Margin:** 17.9%, down from 20.4% in fiscal 2024. - **Operating Income:** $140.2 million, a decrease from $161.4 million in fiscal 2024. - **Earnings Per Share (EPS):** $6.50, down from $7.15 in fiscal 2024. **Strategic Overview:** - **GDP Strategy:** Focus on Growth, Digital Transformation, and Platform Design to drive profitability. - **Market Position:** One of the nation's largest cabinet manufacturers with over 7,800 employees and more than a dozen brands. - **Customer Base:** Serves home centers, builders, and independent dealers and distributors. - **Manufacturing and Distribution:** 17 manufacturing facilities across the U.S. and Mexico, with a focus on efficiency and quality. **Future Outlook:** - **Revenue Outlook:** Expects low single-digit declines to low single-digit increases in net sales for fiscal 2026. - **Adjusted EBITDA Outlook:** Ranges from $175 million to $200 million for fiscal 2026. - **Investments:** Continued investment in digital transformation and automation. **Risk Factors:** - **Economic Conditions:** Sensitivity to housing market fluctuations, consumer confidence, and economic trends. - **Supply Chain Risks:** Dependence on raw materials, potential disruptions, and tariffs. - **Competition:** Intense competition in the cabinetry industry. - **Regulatory Risks:** Compliance with environmental and other regulations. **Financial Condition:** - **Cash and Cash Equivalents:** $48.2 million, a decrease of $39.2 million from fiscal 2024. - **Long-Term Debt:** $373.5 million, a decrease of $1.0 million from fiscal 2024. - **Liquidity:** Adequate liquidity with available cash and cash equivalents and cash generated from operations. **Market Position Changes:** - **Customer Concentration:** Home Depot and Lowe's accounted for approximately 40.8% of total net sales. - **Builder Channel:** Represented 43.5% of net sales, with a focus on major metro areas. - **Independent Dealers and Distributors:** Accounted for 15.8% of net sales, with a focus on service and quality. **Note:** Amounts are usually in thousands, 000s.