2024-04-13 03:25:35 ET
Summary
- American Woodmark's historical financial results show strong revenue growth. Although margins fell in 2022, they recovered in 2023 due to improvements in manufacturing efficiencies.
- In its latest 3Q24 results, revenue was down year-over-year due to challenging macro-economic conditions. On the flip side, margins remained robust.
- Due to years of underbuilding, the median age of US homes is increasing, reaching 40 years. Therefore, it creates long-term remodeling opportunities for AMWD.
Synopsis
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American Woodmark: Aging U.S. Home Opportunity Offset By Challenging Macro-Economics Trend