This excerpt taken from the AMWD 10-K filed Jul 14, 2005.
[Cabinet Photo 8]
I want to personally thank the over six thousand employees at American Woodmark for their energy, enthusiasm, and commitment. It is during difficult times that individuals and organizations often step forward and do their best work. Our Company is fortunate to have outstanding individuals who consistently rise to the occasion. I am confident that these dedicated men and women will not only make it through this challenging period, but will emerge a stronger, better organization.
I would also like to recognize and thank Dave Blount, our Senior Vice President of Manufacturing. At the end of the fiscal year, Dave adopted a new role working with the executive team on special projects as he begins his transition towards retirement. The Company has benefited in countless ways from his contributions over twenty-nine years of service in manufacturing. We all wish Dave the best in his new role and planned retirement.
As we close fiscal 2005 and look forward to FY06, I remain both optimistic and excited about the future of our Company. The industry remains strong with both new construction and remodeling activity at record levels. Our product line, market position, and service platform position American Woodmark to participate in this continued growth. The fundamentals of the Company are outstanding including strong cash flow and a solid balance sheet. Most importantly, we are an organization of exceptional people, committed to working together, and focused on creating a great company.