Feb 19, 2008. /Lesprom.com/. American Woodmark Corporation announced results for its 3Q of fiscal year 2008, that ended on January 31, 2008. Net sales declined 18% as compared with the 3Q of the prior fiscal year to $132 million. Sales of core products declined 14% in the 3Q, as remodeling sales declined by a low single-digit percentage and new construction sales declined more than 25% as compared with the 3Q of the prior year. Net sales for the nine-month period ended January 31, 2008, declined 23% to $459 million as compared with the comparable nine-month period of the prior fiscal year. Net income for the 3Q of fiscal 2008 was a loss of ($2 million), or ($0.14) per diluted share, compared with net income of $3,8 million or $0.24 per diluted share, in the prior year. The Company generated operating cash flows of $20.6 million in the 3Q of fiscal 2008 and used $4.8 million for capital expenditures and investments in promotional displays, generating $15.8 million in free cash flow. The Company repurchased $4.9 million of its common stock and paid $1.3 million in dividends during the 3Q. American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets.