For the second quarter of 2026, the Company expects the following:

  • Net sales year-over-year decrease of mid-single-digit to high-single-digit percentage
  • Adjusted EBITDA1,2 in the range of $51 to $61 million, with related adjusted EBITDA margin1,2 in the range of 7.8% to 8.8%
  • Adjusted diluted earnings per share1,2 in the range of $0.03 to $0.13

Adjusted diluted earnings per share1 guidance for the quarter reflects a higher-than-normal degree of uncertainty due to potential variability in the effective tax rate. This is driven by low pre-tax income, which amplifies the impact of non-deductible deal-related expenses relating to the pending merger with American Woodmark, as well as other potential discrete tax items. As a result, the actual effective tax rate and adjusted diluted earnings per share1 may differ materially from the guidance provided.