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 Its shares trade on NASDAQ under the symbol AMWD.1Wikipedia text CC BY-SA 4.0
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.
Where each dollar of operating cash went, fiscal 2025
Capital spendingShare buybacks
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.5
Financial statements
Revenue10111213145$1.7B in 2025+37% since 2018Gross profit10111213145$306.6M in 2025+20% since 2018Operating income10111213145$140.2M in 2025+30% since 2018Net income10111213145$99.5M in 2025+58% since 2018
Revenue1516$324.3M in Q3 FY2026−18% since Q2 FY2025Gross profit1516$37.8M in Q3 FY2026−37% since Q2 FY2025Operating income1516-$33.9M in Q3 FY2026Net income1516-$28.7M in Q3 FY2026
Total assets1710111213145$1.6B in 2025−5% since 2018Shareholders’ equity111213145$916.0M in 2025+57% since 2018Cash1710111213145$48.2M in 2025−39% since 2018
Total assets1516$1.5B in Q3 FY2026−4% since Q2 FY2025Shareholders’ equity1516$901.9M in Q3 FY2026−2% since Q2 FY2025Cash1516$28.3M in Q3 FY2026−46% since Q2 FY2025
Cash from operations10111213145$108.4M in 2025+25% since 2018Capital spending10111213145$39.7M in 2025−17% since 2018Free cash flow10111213145$68.7M in 2025+75% since 2018Share buybacks10111213145$96.7M in 2025+233% since 2018
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
American Woodmark sits at the top of its group. 11 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of American Woodmark
AllianceBernsteinFiled SCHEDULE 13G/A on American Woodmark, latest Aug 14, 2026 (2 filings since May 18, 2026)
DIMENSIONAL FUND ADVISORS LPFiled SCHEDULE 13G/A on American Woodmark, latest Jul 14, 2026 (3 filings since Feb 10, 2023)
American WoodmarkWinchester, Virginia, United States
Amende Cabinet Corporation Subsidiary · Virginia, United States
American Woodmark HC Sales LLC Subsidiary · Delaware, United States
American Woodmark Management Company Subsidiary · Delaware, United States
American Woodmark Sales Company Subsidiary · Delaware, United States
Phocus Asia Limited Subsidiary · Hong Kong
Phocus China Limited Subsidiary · China
Raygold Insurance LLC Subsidiary · Vermont, United States
RSI Home Products LLC Subsidiary · Delaware, United States
RSI Home Products, S. De R.L. De C.V. (0.1%) Subsidiary · Mexico
RSI Home Products, S. De R.L. De C.V. (99.9%) Subsidiary · Mexico
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What American Woodmark reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
We own our corporate office located in Winchester, Virginia. In addition, we lease five manufacturing facilities, one manufacturing facility/service center, and one distribution center in the United States and we lease four manufacturing facilities in Mexico. We own eight manufacturing facilities located primarily in the eastern and southern United States. We also lease seven primary service centers, ten satellite service centers, and four additional offices located throughout the United States that support the sale and distribution of products to each market channel. We consider our properties suitable for our business and adequate for our needs and believe that, if necessary, we could find additional and/or replacement facilities to lease without suffering a material adverse effect on our business.
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.
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.
May 29, 2025Reported quarterly or annual results72
Feb 27, 2025Reported quarterly or annual results73
Nov 26, 2024Reported quarterly or annual results74
Aug 27, 2024Reported quarterly or annual results75
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
276 filings to the SEC since October 2021: 4 annual reports, 14 quarterly reports, 46 major events, 131 insider forms, 31 large holders, 50 other. The latest 20:
19 open-market trades by officers, directors and large owners since October 2021: 11 buys and 8 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
From the cover page of the 10-K filed Jun 25, 2025 (Section 12(b) of the Exchange Act).19
Risk factors and legal proceedings
The risks American Woodmark names in Item 1A of its 10-K filed Jun 25, 2025: 24 risks under these headings, as written.19
Risks related to our business and industry
We manufacture our products internationally and are exposed to risks associated with doing business globally.
Fluctuating raw material and energy costs could have a material adverse effect on our business and results of operations.
The inability to obtain raw materials from suppliers in a timely manner would adversely affect our ability to manufacture and market our products.
Because of the concentration of our sales to our two largest customers, the loss of either customer or a significant reduction in orders from either customer could adversely affect our financial results.
Our business primarily relies on U.S. home improvement, repair and remodel and new home construction activity levels, all of which are impacted by risks associated with fluctuations in the housing market. Downward changes in the general economy, the housing market, or other business conditions could adversely affect our results of operations, cash flows, and financial condition.
Prolonged economic downturns may adversely impact our sales, earnings, and liquidity.
The U.S. cabinetry industry is highly competitive, and market share losses could occur.
Our failure to develop new products or respond to changing consumer preferences and purchasing practices could have a material adverse effect on our business, financial condition, or results of operations.
Manufacturing expansion or reduction of capacity, manufacturing realignments, and other cost savings programs could result in a decrease in our near-term earnings.
Certain of our customers have been expanding and may continue to expand through consolidation and internal growth, which may increase their buying power, which could materially and adversely affect our sales, results of operations, and financial position.
We may fail to fully realize the anticipated benefits of our growth strategy within the home center, independent dealer and distributor and builder channels.
The other 13 risks
Other general risks applicable to us and our business
The implementation of our Enterprise Resource Planning system could disrupt our business.
Our operations may be adversely affected by information systems interruptions or intrusions.
Increased compliance costs or liabilities associated with environmental regulations could have a material adverse effect on our business, financial condition, or results of operations.
Unauthorized disclosure of confidential information provided to us by customers, employees or third parties could harm our business.
Changes in government and industry regulatory standards could have a material adverse effect on our business, financial condition, or results of operations.
We could pursue growth opportunities through either acquisitions, mergers or internally developed projects, which may be unsuccessful or may adversely affect our future financial condition and operating results.
Our ability to operate and our growth potential could be materially and adversely affected if we cannot employ, train, and retain qualified personnel at a competitive cost.
Our failure to maintain acceptable quality standards could result in significant unexpected costs.
Natural disasters, terrorist acts or other catastrophic events could have a material adverse effect on our business, financial condition, or results of operations.
We may incur future goodwill impairment charges or other long-lived asset impairment charges which could negatively impact our future results of operations and financial condition.
Risks related to indebtedness
Our level and terms of indebtedness could adversely affect our business and liquidity position.
The credit agreement that governs our credit facility imposes operating and financial restrictions on us and our subsidiaries, which may prevent us from capitalizing on business opportunities or otherwise negatively impact our business.
Legal proceedings
The Company is involved in suits and claims in the normal course of business, including, without limitation, product liability and general liability claims and claims pending before the Equal Employment Opportunity Commission. On at least a quarterly basis, the Company consults with its legal counsel to ascertain the reasonable likelihood that such claims may result in a loss. As required by the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 450, "Contingencies" ("ASC 450"), the Company categorizes the various suits and claims into three categories according to their likelihood for resulting in potential loss: those that are probable, those that are reasonably possible, and those that are deemed to be remote. The Company accounts for these loss contingencies in accordance with ASC 450. Where losses are deemed to be probable and estimable, accruals are made. Where losses are deemed to be reasonably possible, a range of loss estimate is determined and considered for disclosure. In determining these loss range estimates, the Company considers known values of similar claims and consults with independent counsel.
The Company believes that the aggregate range of estimated loss stemming from the various suits and asserted and unasserted claims which were deemed to be either probable or reasonably possible was not material as of April 30, 2025, with the exception of the Antidumping and Countervailing Duties Investigation discussed in Note K — Commitments and Contingencies in the Notes to the Consolidated Financial Statements herein.
