Friday, June 5, 2009

Quick hit. American Woodmark beats big. Stock +18%

AlphaNinja - American Woodmark (AMWD) beats the HELL out of estimates for q4.

"The Company experienced an increase in its remodeling sales during the fourth quarter, as the Company benefited from consumers rotating to the Company's value price point, driven in part by retail promotional incentives. The Company experienced continued weakness in its new construction sales, which declined to a greater extent than earlier in the Company's fiscal year due to continued declines in overall market activity."


Details:

-EPS (earnings per share) of 22cents beats consensus Wall Street estimate of -17cents.
-Revenues came in at $140m versus estimate of $122m
-Sales were down 2%, but gross margin was 19.6% versus 16.3% last year - deeeelightful.


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