American Woodmark Corporation (NASDAQ: AMWD) today announced that M. Scott Culbreth will assume the role of Chief Financial Officer effective February 24, 2014.
American Woodmark's nine cabinet factories are running steadily as robust cabinetry sales rose 20% in the latest quarter; sales of cabinets for newly constructed homes rose 40%. buoyed by the housing recovery.
Cabinetry giant American Woodmark (NASDAQ: AMWD) swung solidly into the black, turning a $5 million net profit as fourth quarter sales rose 26%. The cabinet supplier to Lowe's and Home Depot says materials costs are on the rise.
Cabinet performance is a leading factor in customer satisfaction, along with ordering and delivery, according to a J.D. Powers and Assoc. study. Customers also recognize green certification.
Cabinetry giant American Woodmark second quarter sales rose 24% to $159.8 million, driving the company to $2 million in net income, reversing a $3 million loss for the 2012 period. new construction sales rose 40%.
Cabinetry manufacturer American Woodmark named Cary Dunston Executive VP operations. Sales rose 13% to $148.3 million in the latest quarter and were up 40% in the new construction segment.