American Woodmark | 10-Q: 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 11.27 M.

Segment Revenue

• Home Center Retailers: Revenue was $166.7 million for the three months ended October 31, 2025, compared to $177.1 million in 2024. For the six months ended October 31, 2025, revenue was $328.7 million, compared to $352.8 million in 2024.
• Builders: Revenue was $164.7 million for the three months ended October 31, 2025, compared to $205.1 million in 2024. For the six months ended October 31, 2025, revenue was $335.7 million, compared to $415.3 million in 2024.
• Independent Dealers and Distributors: Revenue was $63.2 million for the three months ended October 31, 2025, compared to $70.2 million in 2024. For the six months ended October 31, 2025, revenue was $133.3 million, compared to $143.6 million in 2024.

Operational Metrics

• Net Income: $6.1 million for the three months ended October 31, 2025, compared to $27.7 million in 2024. For the six months ended October 31, 2025, net income was $20.7 million, compared to $57.3 million in 2024.
• Gross Profit: $59.9 million for the three months ended October 31, 2025, compared to $85.7 million in 2024. For the six months ended October 31, 2025, gross profit was $127.4 million, compared to $178.6 million in 2024.
• Operating Income: $12.3 million for the three months ended October 31, 2025, compared to $42.6 million in 2024. For the six months ended October 31, 2025, operating income was $32.5 million, compared to $89.6 million in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $44.3 million for the six months ended October 31, 2025, compared to $52.7 million in 2024.
• Net Cash Used by Investing Activities: -$20.2 million for the six months ended October 31, 2025, compared to -$22.6 million in 2024.
• Net Cash Used by Financing Activities: -$20.2 million for the six months ended October 31, 2025, compared to -$60.8 million in 2024.

Unique Metrics

• Adjusted EBITDA: $39.6 million for the three months ended October 31, 2025, compared to $60.2 million in 2024. For the six months ended October 31, 2025, Adjusted EBITDA was $81.9 million, compared to $123.1 million in 2024.

Future Outlook and Strategy

• Core Business Focus: The company anticipates a softer repair and remodel market and a decline in larger ticket remodel purchases, along with continued softening in the new construction market. Investments will continue in digital transformation and automation.
• Non-Core Business: Due to the proposed merger with MasterBrand, the company will not provide or update previously issued financial guidance.