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Benzinga
Benzinga
Business
Akanksha Bakshi

American Woodmark's Profit Cut In Half As MasterBrand Merger Nears

American Woodmark-Photo by Pavel Kapysh via Shutterstock

American Woodmark Corp. (NASDAQ:AMWD) shares plunged after it reported fiscal first-quarter 2026 net sales of $403.0 million, down 12.2% from the prior year and below analyst estimates of $413.28 million.

Net income fell 50.7% to $14.6 million, or $1.00 per diluted share, compared with $29.6 million, or $1.89 per diluted share, a year earlier. Adjusted EPS was $1.01, missing the $1.24 consensus estimate and down from $2.14 in the prior year.

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