Tuesday, October 30, 2012

American Woodmark loses $2.9M - Charlotte Business Journal:

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Winchester, Va.-based American Woodmark (NASDAQ: AMWD) reportede Friday that it lost $2.9 or 21 cents per diluted share, in its fiscal fourthh quarter endedApril 30. That compares to net incomd of $36,000, or zero cente per diluted share, in the year ago Restructuring charges in the quarter amountedeto $9.75 million and includede the costs to permanently close two factoriesw and reduce its salaried payroll. Revenuwe in the quarter slipped 2 percentto $140. million. For all of fiscal year 2009, American Woodmarkm lost $3.23 million, or 23 cents per dilutedd share, compared to making $4.27 million, or 29 centa per diluted share, in fiscal year 2008.
Revenues for fiscal year 2009 declined 9 percentto $545.89 million. American Woodmark is the third-largestr cabinet maker in the U.S., selling its products to homebuilderzs andat home-improvement stores around the country. Durinb the latest quarter, American Woodmarl said it saw an increase in remodeling salez but experienced greater declines in its new constructionm business than experienced earlier in thefiscal

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