American Woodmark | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 394.64 M

Revenue: As of FY2026 Q2, the actual value is USD 394.64 M, missing the estimate of USD 410.62 M.

EPS: As of FY2026 Q2, the actual value is USD 0.42, missing the estimate of USD 1.205.

EBIT: As of FY2026 Q2, the actual value is USD 16.88 M.

Fiscal Second Quarter 2026 Financial Highlights

• Net Sales: $394.6 million, a decrease of $57.8 million or 12.8% compared to the same quarter last fiscal year.
• Net Income: $6.1 million, representing 1.5% of net sales, compared to $27.7 million or 6.1% of net sales in the same quarter last fiscal year.
• Adjusted EBITDA: $39.6 million, 10.0% of net sales, a decrease of $20.6 million or 34.1% compared to $60.2 million or 13.3% of net sales in the same quarter last fiscal year.
• Cash Flow: Cash provided by operating activities was $11.2 million; free cash flow was - $0.9 million.

Fiscal 2026 Year to Date Financial Highlights

• Net Sales: $797.7 million, a decrease of $113.9 million or 12.5% compared to the same period last fiscal year.
• Net Income: $20.7 million, representing 2.6% of net sales, compared to $57.3 million or 6.3% of net sales in the same period last fiscal year.
• Adjusted EBITDA: $81.9 million, 10.3% of net sales, a decrease of $41.2 million or 33.5% compared to $123.1 million or 13.5% of net sales in the same period last fiscal year.
• Cash Flow: Cash provided by operating activities was $44.3 million; free cash flow was $24.0 million.

Balance Sheet & Cash Flow

• Cash and Cash Equivalents: $52.1 million as of October 31, 2025.
• Debt: $195.0 million in term loan debt and $173.4 million drawn on its revolving credit facility; net leverage was 1.90.
• Share Repurchase: The company repurchased 209,757 shares, approximately 1.4% of shares outstanding, for $12.4 million during the first six months of fiscal 2026.

Outlook / Guidance

• The company is focused on closing the merger transaction with MasterBrand, Inc. to provide a broader product portfolio and advance innovation capabilities.
• Actions are in place to mitigate tariff and lower demand impacts, including structural cost reductions, supplier negotiations, alternative sourcing, and price increases.
• The company will not be holding a conference call to discuss the second quarter results and will not be providing or updating previously issued financial guidance due to the pending merger.