WINCHESTER, Va. — American Woodmark Corporation reported a challenging second quarter of fiscal 2026, with net sales and net income down compared to the same period last year. 

The Q2 results, which ended Oct. 31, were impacted by the housing and remodeling markets and the impact of tariffs, according to Scott Culbreth, president and CEO. American Woodmark reported net sales of $394.6 million, a 12.8% decrease from the same quarter last fiscal year. Net income for the quarter was $6.1 million, down from $27.7 million in the prior year. Adjusted EBITDA also saw a decline, coming in at $39.6 million, or 10.0% of net sales, compared to $60.2 million, or 13.3% of net sales, in the previous year.

“Demand trends remain challenged in both the new construction and remodel markets. Our teams are executing well despite the lower volumes and delivered Adjusted EBITDA margins of 10.0% for the second fiscal quarter,” said Culbreth. “Actions have been put in place or are in process to mitigate tariff and lower demand impacts on the business, including structural cost reductions, supplier negotiations, alternative sourcing and price increases."

The company said that it estimated the "unmitigated tariff impact at the current rates, in effect as of today’s date, to represent approximately 4-4.5% of the company’s annualized net sales with the impact varying by product category. This impact does not include the potential increase on Section 232 tariffs to 50%."

Culbreth added that the company is also focused on closing the previously announced merger transaction with MasterBrand, Inc. so that it can provide a "broader product portfolio across expanded channels, advance our innovation capabilities, and create exciting opportunities for team members.” 

The merger of MasterBrand and American Woodmark — both companies listed on the FDMC 300 ranking of top North American wood products companies — is proceeding after both companies' shareholders approved the deal on October 30, 2025. The transaction is pending final approval, specifically clearance under the Hart-Scott-Rodino Antitrust Improvements Act, and the satisfaction of other customary closing conditions. Despite the fact that the Federal Trade Commission requested more time to consider the deal, both companies expect the deal to close in early 2026. 

MasterBrand recently released its third-quarter 2025 results. The company reported net sales of $698.9 million, a decrease of 2.7% compared to the third quarter of 2024.