American Woodmark Stock On the Move After Today's News

American Woodmark Corporation (NASDAQ: AMWD) has appointed Philip Fracassa, the Executive Vice President and CFO of The Timken Company (NYSE: TKR), to its board of directors. American Woodmark, a leading supplier of cabinetry to the new construction and remodeling industries, announced the addition of Fracassa to its board on January 22, 2024.

Fracassa, who has been with The Timken Company since 2005, brings with him a wealth of experience in financial management and global manufacturing. Vance Tang, the chair of the board for American Woodmark, expressed his enthusiasm about Fracassa's appointment, stating, "We are excited to add Phil's financial management expertise and global manufacturing experience to the American Woodmark board. We continue to focus on building a strong and capable board that ensures the company continues to drive and deliver on its strategy and effectively serves our customers, employees, communities and shareholders."

American Woodmark Corporation, with over 8,800 employees and more than a dozen brands, is one of the nation's largest cabinet manufacturers. The company's shares have seen a 2.4% increase, reaching a trading price of $95.08.

For more information, the company's full 8-K submission is available here.

2018 2019 2020 2021 2022 2023
Revenue (MM) $1,250 $1,645 $1,650 $1,744 $1,857 $2,066
Revenue Growth n/a 31.6% 0.3% 5.68% 6.49% 11.25%
Operating Margins 9% 9% 8% 7% 2% 7%
Net Margins 5% 5% 4% 4% -2% 5%
Net Income (MM) $63 $84 $74 $61 -$30 $94
Net Interest Expense (MM) -$13 -$36 -$29 -$23 -$10 $16
Depreciation & Amort. (MM) $45 $94 $99 $100 $97 $94
Earnings Per Share $3.77 $4.83 $4.34 $3.59 -$1.79 $5.71
EPS Growth n/a 28.12% -10.14% -17.28% -149.86% 418.99%
Diluted Shares (MM) 18 17 17 17 17 16
Free Cash Flow (MM) $39 $159 $146 $116 -$20 $156
Capital Expenditures (MM) $48 $32 $32 $36 $44 $43
Current Ratio 1.96 1.82 2.07 1.9 2.26 2.22
Total Debt (MM) $1,528 $1,307 $1,151 $1,015 $993 $740
Net Debt / EBITDA 9.63 5.32 4.54 4.68 7.14 2.8

American Woodmark has growing revenues and a flat capital expenditure trend and an excellent current ratio. Additionally, the company's financial statements display positive EPS growth and The firm's free cash flows have a decent average of $99.39 Million over the last 6 years. The compounded average growth rate over this period is 9.6%, with a year-on-year growth variability coefficient of 235.58%.. However, the firm suffers from weak operating margins with a stable trend and American Woodmark has a highly leveraged balance sheet owing to its current Net Debt / EBITDA ratio of 2.8, and its average of 5.68 over the last 6 years..

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