By Dean Seal
Shares of American Woodmark Corp. had been up 15% to $54.33 Tuesday after the producer and distributor of kitchen cupboards and vanities posted first-quarter earnings and gross sales that had been above Wall Avenue expectations.
The corporate logged web earnings of $20.1 million, or $1.21 a share, for the three months ended July 31, up from $three million, or 18 cents a share, in the identical interval a 12 months earlier.
Stripping out one-time gadgets, adjusted earnings had been $1.71 a share. Analysts surveyed by FactSet had been anticipating $1.29 a share.
Gross sales rose 23% to $542.9 million, above analyst expectations for $514.1 million, based on FactSet.
The corporate stated the robust outcomes had been largely because of worth will increase and better efficiencies, offset by greater materials and logistics prices.
Write to Dean Seal at dean.seal@wsj.com
