American Woodmark Corporation reports second quarter net sales of $394.6 million and net income of $6.1 million
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American Woodmark Corporation reported fiscal Q2 net sales of $394.6 million, down from $452.5 million last year. Net income was $6.1 million, GAAP EPS $0.42, and adjusted EPS $0.76. Adjusted EBITDA was $39.6 million. Fiscal year-to-date net sales were $797.7 million with net income of $20.7 million. The company is addressing market challenges with cost reductions, supplier negotiations, alternative sourcing, and price increases.
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