American Woodmark

American Woodmark Corporation
Public
Traded as NASDAQ: AMWD
S&P 600 Component
Industry furniture
Founded 1980
Founder Bill Brandt, Al Graber, Jeff Holcomb, and Don Mathias
Headquarters Winchester, Virginia, Winchester, VA, USA
Area served
 USA
Key people
 Cary Dunston (CEO)
Products cabinets
Services cabinetry installation
Revenue IncreaseUS$1.25B(FY 2018)[1]
IncreaseUS$69.9M (FY 2018)[1]
IncreaseUS$63.1M (FY 2018)[1]
Total assets IncreaseUS$1.65B (FY 2018)[2]
Total equity IncreaseUS$581M (FY 2018)[2]
Number of employees
 10,070[3]
Website www.americanwoodmark.com

American Woodmark is a kitchen and bath cabinet manufacturer, headquartered in Winchester, Virginia. The company operates 9 manufacturing facilities, in Arizona, Georgia, Indiana, Kentucky, Maryland, Tennessee, Virginia, and West Virginia, and 9 builder service centers across the country.

History

In 1951 Alvin A. Goldhush, a Long Island dentist, made dental cabinets and created the company Formed Laminates, Inc. in Lindenhurst, N.Y. Goldhush eventually gave up dentistry and devoted his time to the company, now named Raygold Corp.[4] Raygold Corp acquired a wood processing plant in Moorefield, W.V. in 1957.

Boise Cascade acquired Raygold and moved the company head office from Long Island to Winchester, Virginia. In the late 1970s, Boise Cascade changed it 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 IPOed on the NASDAQ in 1986 for $15 per share.[5]

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

Products

American Woodmark produces and distributes high quality faceframe kitchen and bath cabinetry[6] through a variety of channels, including remodel, new construction and specialty dealers. Cabinets are offered in a wide range of colors and materials[7]. They are vertically integrated and source the majority of their hardwood raw materials from the Appalachian region. All cabinets are assembled in the USA in one of four assembly plants throughout the country.

References

  1. 1 2 3 American Woodmark (AMWD) annual SEC income statement filing via Wikinvest.
  2. 1 2 American Woodmark (AMWD) annual SEC balance sheet filing via Wikinvest.
  3. ↑ "Company Profile for American Woodmark Corp (AMWD)".
  4. ↑ "Dentist Fills Kitchen Cabinet Orders Instead of Teeth". Washington Post. 1986-09-08. ISSN 0190-8286. Retrieved 2018-10-14.
  5. ↑ "Dentist Fills Kitchen Cabinet Orders Instead of Teeth". Washington Post. 1986-09-08. ISSN 0190-8286. Retrieved 2018-10-14.
  6. ↑ "Waypoint Quality".
  7. ↑ "American Woodmark Cabinetry". Retrieved 25 August 2017.
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