Notable Stock to Watch: American Woodmark Corporation (NASDAQ:AMWD)

 American Woodmark Corporation (NASDAQ:AMWD) changed 6.20% to recent value of $77.3. The stock transacted 455818 shares during most recent day however it has an average volume of 139.02K shares. It spotted trading -21.51% off 52-week high price. On the other end, the stock has been noted 44.89% away from the low price over the last 52-weeks.

 On Aug. 27, 2019, American Woodmark Corporation (NASDAQ:AMWD) disclosed results for its first fiscal quarter ended July 31, 2019.

Net sales for the first fiscal quarter decreased 0.4% to $427.4 million compared with the same quarter of the prior fiscal year.  The Company experienced growth in the builder channel which was offset by declines in the home center and independent dealers and distributors channels during the first quarter of fiscal year 2020.

Net income was $26.9 million ($1.59 per diluted share) for the first quarter of the current fiscal year compared with $24.8 million ($1.41 per diluted share) in the same quarter of the prior fiscal year.  Net income for the current quarter was positively impacted by lower sales and marketing expense and lower interest expense.  Adjusted EPS per diluted share was $2.13 for the first quarter of the current fiscal year compared with $2.04 in the same quarter of the prior fiscal year.

Adjusted EBITDA for the first fiscal quarter was $69.6 million, or 16.3% of net sales, compared to $68.1 million, or 15.9% of net sales, for the same quarter of the prior fiscal year.

Despite the difficult market, we are very pleased with our financial performance in our first fiscal quarter, said Cary Dunston, Chairman and CEO.  Our system is operating very efficiently, overcoming a number of cost headwinds as we continue to capitalize on integration synergies.  Within the market, we once again over indexed in the builder channel, however repair and remodel remained challenging.

Cash provided by operating activities for the first fiscal quarter was $62.6 million and free cash flow totaled $56.0 millionfor the first fiscal quarter.  The Company paid down $42.0 million of its term loan facility during the current fiscal quarter.

On August 22, 2019, the Board of Directors authorized a stock repurchase program of up to $50 million of the Company’s outstanding common shares. AMWD has a gross margin of 21.10% and an operating margin of 8.60% while its profit margin remained 5.10% for the last 12 months. Its earnings per share (EPS) expected to touch remained 30.30% for this year while earning per share for the next 5-years is expected to reach at 8.00%.

 The company has 17.59M of outstanding shares and 15.61M shares were floated in the market. According to the most recent quarter its current ratio was 2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.14% from the mean of 20 days, -4.05% from mean of 50 days SMA and performed 0.95% from mean of 200 days price. Company’s performance for the week was 2.48%, -7.55% for month and YTD performance remained 38.83%.

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