Commenting on the new authorization, Chairman and CEO Jake Gosa stated, "This new repurchase program is much larger than our previous repurchase initiatives. This new program, combined with the recent doubling of our dividend, is indicative of the confidence we have in our Company's continued ability to gain market share and grow sales, net income and free cash flow. We remain bullish on the long-term prospects for the U.S. economy and the housing industry in particular. We expect the Company will utilize this repurchase authorization over the next one to two years."
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. Its products are sold on a national basis directly to home centers, major builders and home manufacturers and through a network of independent distributors.
AMWD-F
American Woodmark Corporation
