American Woodmark Files Q1 FY25 10-Q
Ticker: AMWD · Form: 10-Q · Filed: Aug 27, 2024 · CIK: 794619
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
AMWD filed Q1 FY25 10-Q. Check financials.
AI Summary
American Woodmark Corporation filed its 10-Q for the period ending July 31, 2024. The filing covers the first quarter of their fiscal year 2025. Key financial data and operational details for this period are presented, though specific dollar amounts for revenue or profit are not immediately available in this header information.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for American Woodmark, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a standard quarterly filing providing financial information, not indicating immediate or significant new risks.
Key Players & Entities
- AMERICAN WOODMARK CORP (company) — Filer
- 20240731 (date) — Period of Report
- 20240827 (date) — Filing Date
- 541138147 (dollar_amount) — IRS Number
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240731, indicating the filing covers the period ending July 31, 2024.
When was this 10-Q filed with the SEC?
The filing was made on 20240827.
What is the company's Central Index Key (CIK)?
The CIK for American Woodmark Corp is 0000794619.
What is the Standard Industrial Classification (SIC) code for American Woodmark?
The SIC code listed is [2430] for MILLWOOD, VENEER, PLYWOOD & STRUCTURAL WOOD MEMBERS.
What is the company's fiscal year end?
The fiscal year end for American Woodmark Corp is 0430.
Filing Stats: 4,576 words · 18 min read · ~15 pages · Grade level 16.6 · Accepted 2024-08-27 16:09:40
Filing Documents
- amwd-20240731.htm (10-Q) — 717KB
- ex101a20240731.htm (EX-10.1(A)) — 24KB
- ex101b20240731.htm (EX-10.1(B)) — 35KB
- ex101c20240731.htm (EX-10.1(C)) — 29KB
- ex31120240731.htm (EX-31.1) — 10KB
- ex31220240731.htm (EX-31.2) — 10KB
- ex32120240731.htm (EX-32.1) — 6KB
- image_0.jpg (GRAPHIC) — 141KB
- image_0a.jpg (GRAPHIC) — 141KB
- 0000794619-24-000070.txt ( ) — 4949KB
- amwd-20240731.xsd (EX-101.SCH) — 32KB
- amwd-20240731_cal.xml (EX-101.CAL) — 51KB
- amwd-20240731_def.xml (EX-101.DEF) — 134KB
- amwd-20240731_lab.xml (EX-101.LAB) — 490KB
- amwd-20240731_pre.xml (EX-101.PRE) — 319KB
- amwd-20240731_htm.xml (XML) — 447KB
FINANCIAL INFORMATION PAGE
PART I. FINANCIAL INFORMATION PAGE NUMBER
Financial Statements (unaudited)
Item 1. Financial Statements (unaudited) Condensed Consolidated Balance Sheets as of July 31, 2024 and April 30, 202 4 3 Condensed Consolidated Statements of Operations--Three months ended J uly 31, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income--Three months ended July 31, 2024 and 2023 5 Condensed Consolidated Statements of Shareholders' Equity--Three months ended July 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows-- Three months ended July 31, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements-- July 31, 2024 9
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 16
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 23
Controls and Procedures
Item 4. Controls and Procedures 23
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 23
Risk Factors
Item 1A. Risk Factors 24
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 24
Other Information
Item 5. Other Information 24
Exhibits
Item 6. Exhibits 26
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements AMERICAN WOODMARK CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share data) (Unaudited) July 31, 2024 April 30, 2024 ASSETS Current assets Cash and cash equivalents $ 89,265 $ 87,398 Customer receivables, net 117,183 117,559 Inventories 177,119 159,101 Income taxes receivable 5,581 14,548 Prepaid expenses and other 26,074 24,104 Total current assets 415,222 402,710 Property, plant and equipment, net 252,366 272,461 Operating lease right-of-use assets 141,751 126,383 Goodwill 767,612 767,612 Promotional displays, net 2,728 3,274 Deferred income taxes 5,128 5,128 Other long-term assets, net 38,616 16,297 TOTAL ASSETS $ 1,623,423 $ 1,593,865 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable $ 69,627 $ 64,470 Current maturities of long-term debt 2,704 2,722 Short-term lease liability - operating 30,685 27,409 Accrued compensation and related expenses 56,192 61,212 Accrued marketing expenses 18,629 16,437 Other accrued expenses 31,519 23,476 Total current liabilities 209,356 195,726 Long-term debt, less current maturities 372,175 371,761 Deferred income taxes 5,176 5,002 Long-term lease liability - operating 118,665 106,573 Other long-term liabilities 4,212 4,427 Shareholders' equity Preferred stock, $ 1.00 par value; 2,000,000 shares authorized, none issued — — Common stock, no par value; 40,000,000 shares authorized; issued and outstanding shares: at July 31, 2024: 15,428,962 ; at April 30, 2024: 15,653,463 354,470 359,784 Retained earnings 554,193 543,274 Accumulated other comprehensive income 5,176 7,318 Total shareholders' equity 913,839 910,376 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,623,423 $ 1,593,865 See notes to unaudited condensed consolidated financial statements. 3 AMERICAN WOODMARK CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in thousands, except share and per share data) (Unaudited) Th