American Woodmark Q1 Profit Rises - Quick Facts

(RTTNews) - American Woodmark Corp. (AMWD), a maker of kitchen cabinets and vanities, Tuesday reported higher earnings for the first quarter, as sales improved by 19 percent year-over-year.

The company's net income rose to $9.2 million or $0.59 per share from $6.7 million or $0.43 per share for the first quarter of the prior fiscal year. Exclusive of one-time tax credits, the company earned $8.2 million or $0.52 per share. On average, five analysts polled by Thomson-Reuters estimated the company's earnings per share to be $0.43 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly sales climbed to $211.9 million from $178.09 million a year ago, with the company experiencing growth in both the remodeling and new construction channels. Analysts estimated revenue of $196.92 million.