Cabinet maker American Woodmark misses Q2 sales estimates on lower demand
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American Woodmark reported a 12.8% decline in fiscal Q2 net sales, missing analyst expectations due to lower demand and higher costs. Adjusted EPS also fell short of estimates. The company will not provide guidance due to a pending merger with MasterBrand. Tariffs impact 4-4.5% of annualized net sales. Despite challenges, cost control measures maintained adjusted EBITDA margins. Analysts rate the stock as a 'buy' with a median 12-month price target of $71.00, 27% above the recent closing price.
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