AMERICAN WOODMARK CORP

CIK:0000794619|SEC Filings

Condensed Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2026	Jan. 31, 2025	Jan. 31, 2026	Jan. 31, 2025
Income Statement [Abstract]
Net sales	$ 324,300,000	$ 397,580,000	$ 1,121,983,000	$ 1,309,190,000
Cost of sales and distribution	286,548,000	337,816,000	956,838,000	1,070,849,000
Gross Profit	37,752,000	59,764,000	165,145,000	238,341,000
Selling and marketing expenses	19,241,000	19,537,000	64,532,000	65,612,000
General and administrative expenses	19,075,000	18,632,000	66,356,000	60,371,000
Restructuring charges, net	3,168,000	520,000	5,448,000	1,653,000
Impairment charges related to goodwill	30,129,000	0	30,129,000	0
Operating (Loss) Income	(33,861,000)	21,075,000	(1,320,000)	110,705,000
Interest expense, net	3,677,000	2,816,000	12,344,000	7,554,000
Other (income) expense, net	(1,029,000)	(1,457,000)	(5,727,000)	8,485,000
(Loss) Income Before Income Taxes	(36,509,000)	19,716,000	(7,937,000)	94,666,000
Income tax (benefit) expense	(7,794,000)	3,145,000	86,000	20,776,000
Net (Loss) Income	$ (28,715,000)	$ 16,571,000	$ (8,023,000)	$ 73,890,000
Weighted Average Shares Outstanding
Basic (in shares)	14,569,239	15,051,630	14,548,800	15,309,779
Diluted (in shares)	14,569,239	15,159,442	14,548,800	15,430,164
Earnings (loss) per share
Basic (in usd per share)	$ (1.97)	$ 1.10	$ (0.55)	$ 4.83
Diluted (in usd per share)	$ (1.97)	$ 1.09	$ (0.55)	$ 4.79

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jan. 31, 2026	Jan. 31, 2025
OPERATING ACTIVITIES
Net (loss) income	$ (8,023,000)	$ 73,890,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	48,254,000	40,851,000
Net loss on disposal of property, plant and equipment	816,000	229,000
Reduction in the carrying amount of operating lease right-of-use assets	29,792,000	28,659,000
Amortization of debt issuance costs	609,000	619,000
Change in fair value of foreign exchange forward contracts	(5,624,000)	8,266,000
Stock-based compensation expense	6,600,000	7,946,000
Deferred income taxes	9,277,000	(8,775,000)
Impairment charges related to goodwill	30,129,000	0
Gains (Losses) on Restructuring of Debt	0	364,000
Contributions of employer stock to employee benefit plan	2,896,000	5,275,000
Other non-cash items	2,975,000	2,109,000
Changes in operating assets and liabilities:
Customer receivables, net	16,597,000	3,035,000
Income taxes receivable/payable	(11,446,000)	(4,079,000)
Inventories	(13,880,000)	(22,972,000)
Prepaid expenses and other assets	(24,412,000)	(13,861,000)
Accounts payable	(6,101,000)	(10,886,000)
Accrued compensation and related expenses	(12,021,000)	(16,836,000)
Operating lease liabilities	(30,518,000)	(28,587,000)
Marketing and other accrued expenses	(4,797,000)	(1,560,000)
Net Cash Provided by Operating Activities	31,123,000	63,687,000
INVESTING ACTIVITIES
Payments to acquire property, plant and equipment	(26,229,000)	(30,754,000)
Proceeds from sales of property, plant and equipment	24,000	5,000
Investment in promotional displays	(2,764,000)	(1,443,000)
Net Cash Used by Investing Activities	(28,969,000)	(32,192,000)
FINANCING ACTIVITIES
Payments of long-term debt	(5,769,000)	(3,328,000)
Repurchase of common stock	(12,407,000)	(69,118,000)
Withholding of employee taxes related to stock-based compensation	(3,912,000)	(2,765,000)
Debt issuance cost	0	(198,000)
Net Cash Used by Financing Activities	(22,088,000)	(75,409,000)
Net decrease in Cash and Cash Equivalents	(19,934,000)	(43,914,000)
Cash and Cash Equivalents, Beginning of Period	48,195,000	87,398,000
Cash and Cash Equivalents, End of Period	28,261,000	43,484,000
Non-cash investing and financing activities:
Debt Conversion, Description	0	2,708,000
Property, plant and equipment	1,753,000	2,712,000
Cash paid during the period for:
Interest	14,395,000	11,306,000
Income taxes	$ 3,314,000	$ 33,803,000

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jan. 31, 2026	Apr. 30, 2025
Current Assets
Cash and cash equivalents	$ 28,261	$ 48,195
Customer receivables, net	92,084	111,171
Inventories	188,715	178,111
Income taxes receivable	14,013	2,567
Prepaid expenses and other assets	38,795	24,409
Total Current Assets	361,868	364,453
Property, plant and equipment, net	230,491	244,989
Operating lease right-of-use assets	107,777	128,907
Goodwill	737,483	767,612
Promotional displays, net	4,900	3,992
Deferred income taxes	6,615	11,486
Other long-term assets, net	55,956	49,130
TOTAL ASSETS	1,505,090	1,570,569
Current Liabilities
Accounts payable	45,945	50,294
Current maturities of long-term debt	8,635	7,659
Short-term lease liability - operating	32,108	33,598
Accrued compensation and related expenses	39,374	51,511
Accrued marketing expenses	9,809	12,209
Other accrued expenses	16,776	27,671
Total Current Liabilities	152,647	182,942
Long-term debt, less current maturities	360,512	365,825
Deferred income taxes	5,029	0
Long-term lease liability - operating	82,480	102,846
Other long-term liabilities	2,522	2,958
Shareholders' Equity
Preferred stock, $1.00 par value; 2,000,000 shares authorized, none issued	0	0
Common stock, no par value; 40,000,000 shares authorized; issued and outstanding shares: at January 31, 2026: 14,569,595; at April 30, 2025: 14,612,706	347,610	346,453
Retained earnings	552,987	568,990
Accumulated Other Comprehensive Income (Loss), Net of Tax	1,303	555
Total Shareholders' Equity	901,900	915,998
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,505,090	$ 1,570,569