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American Woodmark Corporation Announces Third Quarter Results
February 25, 2021 GMT
WINCHESTER, Va. (BUSINESS WIRE) Feb 25, 2021
American Woodmark Corporation (NASDAQ: AMWD) (the “Company”) today announced results for its third fiscal quarter ended January 31, 2021.
Net sales for the third fiscal quarter increased $36.2 million, or 9.1%, to $432.0 million, compared with the same quarter of the prior fiscal year. The Company experienced growth across all channels, with low double-digit growth in the repair and remodel sales channel and mid-single digit growth in our new construction sales channel during the third quarter of fiscal 2021 as market demand recovered with consumer confidence remaining strong. Net sales for the first nine months of the current fiscal year increased $19.5 million, or 1.6%, to $1,270.6 million from the comparable period of the prior fiscal year.