MasterBrand Buying Woodmark, Creating $3.6 Billion Cabinet Giant
Two of the biggest players in the kitchen, bath and home cabinetry sector are coming together in a deal valued at $2.4 billion. The all-stock transaction will create one of the largest resources in the business with a combined operation of more than 20 manufacturing facilities and over 21,000 employees. The new company will use […]
Home Depot Recognizes Four Vendors With 2024 Honors
Several suppliers of wood products have been honored by the big home improvement retailer with Innovation and Partner Awards. Each year Home Depot recognizes many of its vendors with Innovation Awards and Partner acknowledgements, including those in the wood products and lumber fields. The Innovation Awards recognize products that have “transformed the home improvement landscape,” […]
American Woodmark Posts a Loss and Equity Firms Move In
Winchester, VA—American Woodmark Corp. (NASDAQ: AMWD) moved into the red, losing $49.3 million in its latest quarter despite a 6.4 percent revenue rise to $459.7 million. In January and February, investors including Blackrock, Wellington, and Vanguard acquired 35 percent of the third largest U.S. kitchen cabinetry maker. It was a stark shift from the $18.7 […]
American Woodmark Debuts Green Painted Cabinetry
Winchester, VA—American Woodmark launched a new kitchen cabinet color this fall—painted sage—along with a new Shaker door style. The full overlay detailed shaker door has a flat center panel, with the option of a slab or five-piece drawer front. The introduction of green paint comes on the heels of a recent color addition of painted […]
Cabinetry Sales up 13.5% for American Woodmark
Winchester, VA—American Woodmark Corporation (NASDAQ: AMWD) announced results for its first quarter of fiscal 2022 which ended July 31, 2021. Net sales for the first quarter of fiscal 2022 increased $52.5 million, or 13.5%, to $442.6 million compared with the same quarter of the prior fiscal year. The Company experienced growth across all channels, with […]