American Woodmark Corporation (AMWD)
Pretax margin
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 151,968 | 122,686 | -42,979 | 80,693 | 110,888 |
| Revenue | US$ in thousands | 1,847,500 | 2,066,200 | 1,857,190 | 1,744,010 | 1,645,320 |
| Pretax margin | 8.23% | 5.94% | -2.31% | 4.63% | 6.74% |
April 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $151,968K ÷ $1,847,500K
= 8.23%
The pretax margin of American Woodmark Corporation has shown variability over the past five years. In 2024, the pretax margin improved to 8.23% from 5.94% in 2023, indicating a stronger profitability before accounting for taxes. However, it is important to note that in 2022, the company reported a negative pretax margin of -2.31%, signaling a period of financial difficulty.
The trend seems to have recovered in 2021 with a pretax margin of 4.63%, although it was still below the levels of 2019 when the company achieved a pretax margin of 6.74%. Overall, the pretax margin performance of American Woodmark Corporation has been mixed in recent years, with fluctuations in profitability levels. Further analysis is recommended to understand the factors contributing to these changes and to assess the sustainability of the company's financial performance.