India, May 29 -- American Woodmark Corporation (AMWD), a manufacturer of kitchen, bath, and home organization products, Thursday reported lower profit for the fourth quarter, primarily impacted by decline in sales as well as increases in material and transportation costs.
The company posted net income of $25.57 million or $1.71 per share for the quarter, down from $26.79 million or $1.69 per share last year.
Excluding one-time items, adjusted earnings decreased to $23.99 million or $1.61 per share from $28.25 million or $1.78 per share in the prior year.
Sales declined 11.7% to $400.39 million from $453.28 million a year ago.
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