American Woodmark Q2 EPS $2.36 Beats $2.08 Estimate, Sales $473.87M Beat $470.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Woodmark (NASDAQ:AMWD) reported Q2 earnings of $2.36 per share, surpassing the consensus estimate of $2.08, and sales of $473.87M, slightly beating the $470.88M estimate. However, sales decreased by 15.61% compared to the same period last year, despite a slight increase in earnings per share.
November 30, 2023 | 9:11 pm
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American Woodmark reported higher-than-expected Q2 earnings and a slight sales beat, but experienced a significant year-over-year sales decline.
While the earnings beat is positive, the substantial year-over-year decline in sales could raise concerns about the company's growth trajectory and might offset the positive impact of the earnings beat in the short term.
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