Timothy Wojs

Adam Baumgarten

Garik Shmois

Steven Ramsey

Trevor Allinson

Kathryn Thompson

Paul Przybylski

- American Woodmark reported a challenging first quarter for fiscal 2026, with revenue declining **12.2%** year-over-year to **$403 million** and non-GAAP earnings per share dropping **52.8%** to **$1.01**, missing analyst expectations.  **[794619_9d17328f6a1e4061aff9a1ce3930b147]** 
- The company attributed the sales decline to continued **weakness in both new construction and home remodel markets** and a shift toward lower-margin, value-based product lines.  **[794619_9d17328f6a1e4061aff9a1ce3930b147]** 
- Operating margins fell significantly to **5%** from **10.2%** a year ago, and adjusted EBITDA decreased by **32.8%** year-over-year, though free cash flow margin improved to **10.2%**.  **[794619_9d17328f6a1e4061aff9a1ce3930b147]** 
- Management refrained from issuing updated financial guidance due to a proposed merger with MasterBrand, reflecting strategic uncertainty.  **[794619_9d17328f6a1e4061aff9a1ce3930b147]**

AMERICAN WOODMARK (AMWD)