America Woodmark reports Q1 adjusted EPS $2.78, consensus $2.30

Reports Q1 revenue $498.3M, consensus $497.38M. “Our team delivered strong financial performance in the first quarter of fiscal year 2024 despite the softening demand environment,” said Scott Culbreth, President and CEO. “Net sales and Adjusted EBITDA exceeded our expectations for the quarter as improved operational performance continues. The Company’s net sales outlook remains unchanged from the prior outlook but we now expect stronger Adjusted EBITDA performance consistent with the improvements needed to meet our long-term goals.”