American Woodmark FY24 Adjusted EBITDA Outlook $205M - $225M, Revenue Growth Low-Double-Digit Decline
Portfolio Pulse from Benzinga Newsdesk
American Woodmark expects a low double-digit decline in net sales for fiscal 2024, with adjusted EBITDA projected to be between $205 million and $225 million.
May 25, 2023 | 10:32 am
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NEGATIVE IMPACT
American Woodmark's FY24 outlook projects a low double-digit decline in net sales and adjusted EBITDA between $205M-$225M.
The company's outlook for fiscal 2024 indicates a decline in net sales, which could negatively impact investor sentiment and the stock price. The adjusted EBITDA projection, while providing some cushion, may not be enough to offset the negative impact of the sales decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100