Results for the third quarter of the fiscal year 2010 have been announced by the American Woodmark Corporation, which ended on January 31, 2010.

Net sales of the company had a turn down of 32% as compared to the third quarter of the prior fiscal year to $89,230,000. Comparing the same period of the last year, net sales fell down by 27% to $294,133,000, during the nine month period, ended January 31, 2010. Its major customers include Home Depot and Lowe's Cos Inc. Analysts expected a loss of 30 cents a share.

6.6% was the gross profit for the latest third quarter of net sales. The several initiatives announced by the company to reduce the costs have been completed successfully during the first quarter of fiscal year 2010. Due to an increase in sales promotional costs, and a benefit recorded in the last year's second quarter, related to a terminated retiree health care plan, the Company's in commission expense ratio increased during fiscal year 2010.

Shares of the company closed at $20.02 on Thursday.