AMWD on NASDAQ

American Woodmark

American kitchen and bath cabinet manufacturer

American Woodmark Corporation is a kitchen and bath cabinet manufacturer headquartered in Winchester, Virginia. The company operates several manufacturing facilities and service centers.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$1.7BRevenue, fiscal 20254
$99.5MNet income, fiscal 20254
1980Founded1

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  • TickerAMWD on NASDAQ1
  • IndustryMillwood, Veneer, Plywood, & Structural Wood Members1
  • HeadquartersWinchester1
  • Websiteamericanwoodmark.com
  • Incorporated inVA5
  • Business address3102 Shawnee Drive, Winchester, Va 226015
  • Filer categoryLarge accelerated filer5
American Woodmark image from its website
Image: americanwoodmark.com7

American Woodmark Corporation is a kitchen and bath cabinet manufacturer headquartered in Winchester, Virginia. The company operates several manufacturing facilities and service centers. The manufacturing facilities are located in Arizona, Georgia, Indiana, Kentucky, Maryland, Tennessee, Virginia, and West Virginia with service centers being located throughout the country.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

17.9%Gross margin4
8.2%Operating margin4
5.8%Net margin4
-7.5%Revenue growth, 20254
10.9%Return on equity4
$68.7MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue82¢$1.4B
  • Other costs11¢$180.0M
  • Income tax2¢$27.1M
  • Profit6¢$99.5M

Out of $1.7B in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending29¢$39.7M
  • Share buybacks71¢$96.7M

Out of $108.4M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue891011124$1.7B in 2025+37% since 2018
0$1.0B$2.0B$3.0B2018: $1.3B$1.3B20182019: $1.6B$1.6B2019+32%2020: $1.7B$1.7B2020+0%2021: $1.7B$1.7B2021+6%2022: $1.9B$1.9B2022+6%2023: $2.1B$2.1B2023+11%2024: $1.8B$1.8B2024−11%2025: $1.7B$1.7B2025−7%
Gross profit891011124$306.6M in 2025+20% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $255.4M$255.4M20182019: $346.5M$346.5M2019+36%2020: $326.6M$326.6M2020−6%2021: $322.1M$322.1M2021−1%2022: $226.4M$226.4M2022−30%2023: $357.5M$357.5M2023+58%2024: $377.8M$377.8M2024+6%2025: $306.6M$306.6M2025−19%
Operating income891011124$140.2M in 2025+30% since 2018
0$50.0M$100.0M$150.0M$200.0M2018: $107.7M$107.7M20182019: $141.7M$141.7M2019+32%2020: $130.1M$130.1M2020−8%2021: $114.7M$114.7M2021−12%2022: $36.2M$36.2M2022−68%2023: $136.4M$136.4M2023+277%2024: $161.4M$161.4M2024+18%2025: $140.2M$140.2M2025−13%
Net income891011124$99.5M in 2025+58% since 2018
-$50.0M0$50.0M$100.0M$150.0M2018: $63.1M$63.1M20182019: $83.7M$83.7M2019+33%2020: $73.7M$73.7M2020−12%2021: $61.2M$61.2M2021−17%2022: -$29.7M-$29.7M20222023: $93.7M$93.7M20232024: $116.2M$116.2M2024+24%2025: $99.5M$99.5M2025−14%
Fiscal year20182019202020212022202320242025
Revenue$1.3B8$1.6B9$1.7B10$1.7B11$1.9B12$2.1B4$1.8B4$1.7B4
Cost of revenue$994.9M8$1.3B9$1.3B10$1.4B11$1.6B12$1.7B4$1.5B4$1.4B4
Gross profit$255.4M8$346.5M9$326.6M10$322.1M11$226.4M12$357.5M4$377.8M4$306.6M4
Operating income$107.7M8$141.7M9$130.1M10$114.7M11$36.2M12$136.4M4$161.4M4$140.2M4
Interest
Income tax$31.6M8$27.2M9$25.3M10$19.5M11-$13.3M12$29.0M4$35.8M4$27.1M4
Net income$63.1M8$83.7M9$73.7M10$61.2M11-$29.7M12$93.7M4$116.2M4$99.5M4
Earnings per share$3.808$4.849$4.3610$3.6111-$1.7912$5.644$7.204$6.554
Earnings per share (diluted)$3.778$4.839$4.3410$3.5911-$1.7912$5.624$7.154$6.504

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The story

In 1951, Alvin A. Goldhush created the company Formed Laminates, Inc. in Lindenhurst, Long Island, which made dental cabinets. He left his profession as a dentist and renamed the company Raygold Corp. In 1957, Raygold Corp acquired a wood processing plant in Moorefield, W.V.. Boise Cascade acquired Raygold and moved the company head office from Long Island to Winchester, Virginia.

In the late 1970s, Boise Cascade changed its business focus from wood products to paper products. In 1979, four executives of the cabinetry division (Bill Brandt, Al Graber, Jeff Holcomb, and Don Mathias) initiated a leveraged buyout. They formed American Woodmark Corporation in 1980 and floated on Nasdaq in 1986 for $15 per share.

Today the company operates 18 manufacturing plants throughout the US and Mexico and nine service centers who provide direct service to the new home construction market.

From Wikipedia’s article on American Woodmark, shared under CC BY-SA 4.0.6

Products and brands

American Woodmark produces and distributes faceframe kitchen and bath cabinetry through a variety of channels, including remodel, new construction and specialty dealers. Cabinets are vertically integrated, source the majority of their hardwood raw materials from the Appalachian region, and assembled in the US in one of four assembly plants throughout the country.

From Wikipedia’s article on American Woodmark, shared under CC BY-SA 4.0.6

Timeline

  1. Jan 2, 1990Went public Listed on NASDAQ1
  2. 1980Founded Founded1

Recent filings

  1. May 29, 20264
  2. May 29, 20264
  3. May 29, 20264
  4. May 29, 20264
  5. May 29, 20264
  6. May 29, 20264
  7. May 29, 20264
  8. May 29, 20264
  9. May 29, 20264
  10. May 29, 20264
  11. May 29, 20264
  12. May 29, 20264
  13. May 28, 20268-K
  14. May 26, 20268-K
  15. May 21, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2