American Woodmark Files 2024 10-K

TL;DR

AMWD filed its 2024 10-K. Full year financials and biz details out.

AI Summary

American Woodmark Corporation filed its 2024 10-K report, detailing its fiscal year ending April 30, 2024. The company, headquartered in Winchester, VA, operates in the Millwood, Veneer, Plywood & Structural Wood Members industry. Key financial data and operational details for the fiscal year are presented in this comprehensive filing.

Why It Matters

This filing provides investors and stakeholders with a detailed overview of American Woodmark's financial performance, strategic initiatives, and risk factors for the fiscal year 2024, crucial for understanding the company's current standing and future outlook.

Risk Assessment

Risk Level: medium — The filing covers a full fiscal year and includes standard disclosures for a public company, but the nature of the wood products industry can involve cyclicality and commodity price fluctuations.

Key Numbers

• 2024-04-30 — Fiscal Year End (The end date of the reporting period.)
• 2024-06-26 — Filing Date (The date the 10-K was submitted to the SEC.)

Key Players & Entities

• AMERICAN WOODMARK CORP (company) — Filer of the 10-K
• 20240430 (date) — Fiscal year end date
• 20240626 (date) — Filing date
• Winchester, VA (location) — Company headquarters and mailing address
• 540-665-9100 (phone_number) — Company business phone number

FAQ

Filing Documents

• amwd-20240430.htm (10-K) — 1495KB
• ex-103ex2024430.htm (EX-10.3(E)) — 64KB
• ex-103fx2024430.htm (EX-10.3(F)) — 65KB
• ex-191x2024430.htm (EX-19.1) — 52KB
• ex-21x2024430.htm (EX-21) — 6KB
• ex-231x2024430.htm (EX-23.1) — 4KB
• ex-232x2024430.htm (EX-23.2) — 2KB
• ex-311x2024430.htm (EX-31.1) — 10KB
• ex-312x2024430.htm (EX-31.2) — 10KB
• ex-321x2024430.htm (EX-32.1) — 6KB
• ex-971x2024430.htm (EX-97.1) — 38KB
• amwd-20240430_g1.jpg (GRAPHIC) — 123KB
• 0000794619-24-000057.txt ( ) — 9536KB
• amwd-20240430.xsd (EX-101.SCH) — 54KB
• amwd-20240430_cal.xml (EX-101.CAL) — 101KB
• amwd-20240430_def.xml (EX-101.DEF) — 325KB
• amwd-20240430_lab.xml (EX-101.LAB) — 828KB
• amwd-20240430_pre.xml (EX-101.PRE) — 595KB
• amwd-20240430_htm.xml (XML) — 1285KB

Risk Factors

Item 1A. Risk Factors 7

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 14 Item 1C. Cybersecurity 14

Properties

Item 2. Properties 15

Legal Proceedings

Item 3. Legal Proceedings 15

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 16 Executive Officers of the Registrant 16 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 16

Selected Financial Data

Item 6. Selected Financial Data 18

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 19

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 27

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 28

Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 57

Controls and Procedures

Item 9A. Controls and Procedures 56

Other Information

Item 9B. Other Information 56 Item 9C. D isclosure About Foreign Jurisdictions That Prevent Inspections 56 PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 56

Executive Compensation

Item 11. Executive Compensation 57

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 57

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 58

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 58 PART IV

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules 58

Form 10-K Summary

Item 16. Form 10-K Summary 61

SIGNATURES

SIGNATURES 63 2 PART I

BUSINESS

Item 1. BUSINESS Our Company American Woodmark Corporation ("American Woodmark," the "Company," "we," "our" or "us") was incorporated in 1980 by the four principal managers of the Boise Cascade Cabinet Division through a leveraged buyout of that division. We operated privately until 1986 when we became a public company through a registered public offering of common stock. From design to installation, we believe we offer a higher level of service than our competitors, serving both national and regional markets with the most relevant options. This makes us the cabinetmaker of choice for many homeowners, builders, designers, dealers, distributors, and retailers across the country. Our customer base is expanding as we build our portfolio of brands and reach new markets beyond kitchen and bath. Aspirational yet grounded, we've embraced an ambitious, strategic vision that will advance us boldly into the future. Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, proxy statements, and all amendments to those reports are available free of charge on our website, americanwoodmark.com, as soon as reasonably practicable after such material is electronically filed with, or furnished to, the Securities and Exchange Commission. The contents of our website are not, however, part of, or incorporated by reference into, this report. Our Business American Woodmark celebrates the creativity in all of us. With over 8,600 employees and more than a dozen brands, we're one of the nation's largest cabinet manufacturers. From inspiration to installation, we help people find their unique style and turn their home into a space for self-expression. By partnering with major home centers, builders, and independent dealers and distributors, we spark the imagination of homeowners and designers and bring their vision to life. Across our service and distribution centers, our corporate office and manufacturing facilities, you'll always find the same

RISK FACTORS

Item 1A. RISK FACTORS There are a number of risks and uncertainties that may affect the Company's business, results of operations, and financial condition. These risks and uncertainties could cause future results to differ from past performance or expected results, including results described in statements elsewhere in this report that constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Additional risks and uncertainties not presently know

View Full Filing

View this 10-K filing on SEC EDGAR