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American Woodmark - Wikipedia

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American Woodmark Corporation

Company type	Public
Traded as	Nasdaq: AMWD S&P 600 Component
Industry	Furniture
Founded	1980; 44 years ago (1980)
Founders	Bill Brandt Al Graber Jeff Holcomb Don Mathias
Headquarters	Winchester, Virginia , United States
Area served	US
Key people	M. Scott Culbreth (CEO)
Products	Cabinets
Services	Cabinetry installation
Revenue	US$1.25B(FY 2018)^[1]
Operating income	US$69.9M (FY 2018)^[1]
Net income	US$63.1M (FY 2018)^[1]
Total assets	US$1.65B (FY 2018)^[2]
Total equity	US$581M (FY 2018)^[2]
Number of employees	10,070^[3]
Website	americanwoodmark.com

American Woodmark Corporation is a kitchen and bath cabinet manufacturer headquartered in Winchester, Virginia. The company operates several manufacturing facilities and service centers. The manufacturing facilities are located in Arizona, Georgia, Indiana, Kentucky, Maryland, Tennessee, Virginia, and West Virginia with service centers being located throughout the country.

History

In 1951, Alvin A. Goldhush created the company Formed Laminates, Inc. in Lindenhurst, Long Island, which made dental cabinets. He left his profession as a dentist and renamed the company Raygold Corp.^[4] In 1957, Raygold Corp acquired a wood processing plant in Moorefield, W.V.. Boise Cascade acquired Raygold and moved the company head office from Long Island to Winchester, Virginia.

In the late 1970s, Boise Cascade changed its business focus from wood products to paper products. In 1979, four executives of the cabinetry division (Bill Brandt, Al Graber, Jeff Holcomb, and Don Mathias) initiated a leveraged buyout. They formed American Woodmark Corporation in 1980 and floated on Nasdaq in 1986 for $15 per share.^[4]

Today the company operates 18 manufacturing plants throughout the US and Mexico and nine service centers who provide direct service to the new home construction market.

Products

American Woodmark produces and distributes faceframe kitchen and bath cabinetry^[5] through a variety of channels, including remodel, new construction and specialty dealers. Cabinets are vertically integrated, source the majority of their hardwood raw materials from the Appalachian region, and assembled in the US in one of four assembly plants throughout the country.^[6]

References

^ ^a ^b ^c American Woodmark (AMWD) annual SEC income statement filing via Wikinvest.
^ ^a ^b American Woodmark (AMWD) annual SEC balance sheet filing via Wikinvest.
^ "Company Profile for American Woodmark Corp (AMWD)".
^ ^a ^b "Dentist Fills Kitchen Cabinet Orders Instead of Teeth". Washington Post. September 8, 1986. ISSN 0190-8286. Retrieved October 14, 2018.
^ "Waypoint Quality". January 16, 2016.
^ "American Woodmark Cabinetry". Retrieved August 25, 2017.

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