American Woodmark posts strong Q3
American Woodmark announced third-quarter net sales rose by 26% compared with the third quarter of the prior fiscal year to $151.3 million. Net sales rose by 21% to $459.4 million during the nine-month period ended Jan. 31, 2013, compared with the prior fiscal year.
The company experienced sales gains in each of its sales channels during the third quarter, led by new construction sales growth of more than 50%. In the nine-month period American Woodmark generated net income excluding restructuring charges of $5.2 million, compared with a net loss of $8.5 million in the comparable period of the prior fiscal year.
American Woodmark generated net income excluding restructuring charges of $2.1 million during the third quarter of fiscal year 2013, compared with a net loss of $2.8 million in the third quarter of its prior fiscal year.
American Woodmark manufactures and distributes kitchen cabinets and vanities for the remodeling and new-home construction markets.
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Whirlpool appoints Safeway exec to board of directors
Whirlpool has appointed Diane Dietz, executive VP and chief marketing officer of Safeway, to its board of directors, effective immediately.
"Diane Dietz’s history of leadership in the consumer products industry makes her an outstanding addition to our board," said Jeff Fettig, Whirlpool chairman and CEO. "We know her breadth of experience in driving sales and building successful brands will be invaluable to our board of directors and Whirlpool Corporation."
Dietz, 46, has served as executive VP and chief marketing officer of Safeway since 2008, where she oversees the company’s marketing, merchandising, manufacturing and distribution organizations. She joined Safeway from The Procter and Gamble Co.
Dietz holds a bachelor’s degree in Marketing and Economics from Northern Illinois University.
WORX accepts award from unusual source
The World Wildlife Fund recognized Charlotte, N.C.-based WORX Yard Tools USA for its environmentally progressive manufacturing facility in China.
WORX, a division of Positec Group, was presented a Platinum Low Carbon Award for sustainable manufacturing by the WWF. The award acknowledges the WORX manufacturing facility in China for its low carbon footprint.
“It’s an honor to be recognized by the World Wildlife Fund organization,” said Tom Duncan, president of Positec Group. “We strive to do our part in our commitment to the environment, and we encourage other manufacturers to direct their support to this area as well.”
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