American Woodmark (AMWD) 8-K AMWD Announces Fourth Quarter Results

AMERICAN WOODMARK CORPORATION
Unaudited Financial Highlights
(in thousands, except share data)
Operating Results
	Three Months Ended						Twelve Months Ended
	April 30						April 30
	2010			2009			2010			2009
Net Sales	$	112,407		$	140,689		$	406,540		$	545,934
Cost of Sales & Distribution		93,901			113,112			357,619			456,444
Gross Profit		18,506			27,577			48,921			89,490
Sales & Marketing Expense		14,886			14,583			56,935			60,033
G&A Expense		7,458			8,781			26,434			26,875
Restructuring Charges		72			9,743			2,808			9,743
Operating Loss		(3,910	)		(5,530	)		(37,256	)		(7,161	)
Interest & Other (Income) Expense		(146	)		(265	)		(201	)		(1,010	)
Income Tax Benefit		(2,230	)		(2,333	)		(14,714	)		(2,917	)
Net Loss	$	(1,534	)	$	(2,932	)	$	(22,341	)	$	(3,234	)
Earnings Per Share:
Weighted Average Shares Outstanding - Diluted		14,173,450			14,072,274			14,146,133			14,055,090
Loss Per Diluted Share	$	(0.11	)	$	(0.21	)	$	(1.58	)	$	(0.23	)
Condensed Consolidated Balance Sheet
							April 30,			April 30,
								2010			2009
Cash & Cash Equivalents							$	53,233		$	82,821
Customer Receivables								27,524			26,944
Inventories								25,239			32,684
Other Current Assets								17,048			11,089
Total Current Assets								123,044			153,538
Property, Plant & Equipment								114,107			132,928
Restricted Cash								14,419			--
Other Assets								30,863			17,271
Total Assets							$	282,433		$	303,737
Current Portion - Long-Term Debt							$	893		$	859
Accounts Payable &  Accrued Expenses								48,686			57,308
Total Current Liabilities								49,579			58,167
Long-Term Debt								25,582			26,475
Other Liabilities								31,954			15,413
Total Liabilities								107,115			100,055
Stockholders' Equity								175,318			203,682
Total Liabilities & Stockholders' Equity							$	282,433		$	303,737
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AMERICAN WOODMARK CORPORATION
Unaudited Financial Highlights
(in thousands)
Condensed Consolidated Statements of Cash Flows
		Twelve Months Ended
		April 30
			2010			2009
Net Cash Provided by Operating Activities		$	1,292		$	46,812
Net Cash Used by Investing Activities			(11,467	)		(13,765	)
Free Cash Flow			(10,175	)		33,047
Net Cash Used by Financing Activities			(19,413	)		(7,158	)
Net Increase/(Decrease) in Cash and Cash Equivalents			(29,588	)		25,889
Cash and Cash Equivalents, Beginning of Year			82,821			56,932
Cash and Cash Equivalents, End of Year		$	53,233		$	82,821
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