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UPDATE 1-American Woodmark posts narrower-than-expected Q2 loss

* Q2 loss $0.03/shr vs est loss $0.06/shr

* Revenue falls 16 pct, but beats estimates

Nov 25 (Reuters) - American Woodmark Corp AMWD.O posted a narrower-than-expected quarterly loss, helped by lower expenses, even as the kitchen-cabinet maker continued to struggle amid a housing-market slump.

The company, which operates under the brands American Woodmark, Timberlake and Shenandoah Cabinetry, said remodelling sales for the second quarter declined in the low teens, while new construction sales fell 20 percent.

American Woodmark cut operating expenses during the quarter through reductions in bad-debt expense, headcount and other volume-related costs.

For the quarter ended Oct. 31, net loss was $481,000, or 3 cents a share, compared with net income of $1.2 million, or 8 cents a share, a year ago.

Sales of the company, whose major customers include Home Depot HD.N and Lowe's Cos Inc LOW.N, dropped 16 percent to $134.9 million.

The company’s shares, which have lost about 43 percent of their value in the past one year, closed at $14.03 Monday on Nasdaq.

For the alerts, double click [ID:nWNAB7132] For the press release, double click [ID:nPnCLTU019] (Reporting by A.Ananthalakshmi in Bangalore; Editing by Vinu Pilakkott)

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