American Woodmark Anticipates Lower 2008 Profit

 

WINCHESTER, VA — American Woodmark Corp., maker of kitchen cabinets and vanities, reported fiscal 2008 earnings are expected to be down sharply due to the current housing slump.

The company expects sales to fall 7% to 11% in 2007, resulting in lower profits of $1.50 to

$1.80 per share, down from $2.04 per share in the 2006 fiscal year.

Read more.

Have something to say? Share your thoughts with us in the comments below.