American Woodmark Corporation (NASDAQ:AMWD) Q2 2024 Earnings Call Transcript

Collin Verron : And I don’t know if you’re going to be willing to comment on this either. But I guess some of the larger builders are still fairly optimistic around their ability for volumes in 2024 calendar year 2024. I guess any early read as to how you guys are feeling about the full year 2024, given the strength and what the builders are saying? And then any color about what you’re feeling for the repair and remodel market more broadly?

Scott Culbreth: Yes. On the builder side, what we’re seeing and hearing is a pretty wide range of expectations. There are some analysts projecting low single-digit growth in starts for calendar year ’24. And we have some builders that are pretty bullish and then others that are concerned. We haven’t started our official kind of budget cycle process. We’ll start that at beginning of ’24, and that I’ll give us a better perspective, but there does seem to be some energy to perhaps some slight growth as we move into ’24. I think the remodel is going to continue to be under pressure. We’ve certainly heard from the home centers in the last couple of weeks. Their overall results and their outlook of kind of mid-single digits down our category at both of the retailers certainly performing worse than that as they’ve messaged over the last couple of quarters.

So, I think we’ll continue to be challenged there. And then we’ll just have to continue to monitor new construction. I think every builder will tell you now is not the best time to ask as we go through the winter months. But as we get into the spring selling season, that will dictate how the back half of ’21 looks.

Operator: And at this time, as I do not see that there is anyone else waiting to ask a question, I’d like to turn the floor back over to Mr. Jim Check for any closing comments.

Paul Joachimczyk: Thank you again for joining us today. That does conclude our conference. We thank you all for your participation.

Operator: And ladies and gentlemen, that will conclude today’s conference call and presentation. We thank you for joining. You may now disconnect your lines.