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JELD-WEN Holding, Inc. (NYSE: JELD) is one of the world's largest manufacturers of high-quality doors and windows. Headquartered in Charlotte, North Carolina, the company designs, produces, and distributes a broad range of interior and exterior building products. JELD-WEN operates in 25 countries with 116 manufacturing facilities primarily located in North America, Europe, and Australia.
Founded in 1960, JELD-WEN has grown to become a trusted name in the building industry, providing reliable and innovative solutions for new construction, repair, and remodeling projects in both residential and non-residential sectors. The company's extensive product portfolio includes wood, vinyl, and aluminum windows, as well as a variety of doors and related building products. These offerings have earned numerous awards and endorsements for dependability, energy efficiency, and overall excellence.
JELD-WEN is committed to sustainability and has been an ENERGY STAR® partner since 1998. This dedication to energy efficiency is evident in their products, which help builders, architects, and homeowners create environmentally friendly living spaces.
In recent years, JELD-WEN has focused on enhancing profitability and cash flow through strategic actions and cost reductions. Despite the dynamic and sometimes challenging macroeconomic environment, the company has achieved significant milestones, including the sale of its Australasia segment and continued improvements in operating margins.
Financially, JELD-WEN has shown resilience. For the fiscal year 2023, the company reported net revenues of $4.3 billion with a net income from continuing operations of $25.2 million. Adjusted EBITDA was $380.4 million, reflecting the company's ability to manage costs and improve efficiency. JELD-WEN's management has also guided for 2024 revenues between $4.0 to $4.3 billion, demonstrating cautious optimism in the face of market uncertainties.
JELD-WEN's culture emphasizes purpose, vision, and values, which are reflected in the daily actions of its approximately 18,000 employees worldwide. The company continues to innovate and invest in its operations to deliver high-performance products that ensure beauty, security, and sustainability for its customers. To stay updated on JELD-WEN's latest news and developments, visit their Investor Relations page and follow their updates on LinkedIn.
For more detailed financial information and to participate in their earnings calls, visit this link.
JELD-WEN reported challenging fourth quarter and full year 2024 results, marked by significant declines. Q4 net revenues from continuing operations decreased 12.3% to $895.7 million, with a net loss of ($68.4) million or ($0.81) per share. Full year net revenues fell 12.3% to $3,775.6 million, with a net loss of ($187.6) million.
The company's performance was impacted by weak macro-economic conditions and a shift to entry-level products. Q4 Adjusted EBITDA from continuing operations decreased to $40.1 million from $86.5 million year-over-year, while full-year Adjusted EBITDA fell to $275.2 million from $380.4 million.
Looking ahead, JELD-WEN provided 2025 guidance with expected revenue between $3.2 to $3.4 billion, representing a Core Revenue decline of 4% to 9%, and projected Adjusted EBITDA of $215 to $265 million.
JELD-WEN Holding (NYSE: JELD) has completed the court-ordered divestiture of its Towanda, Pennsylvania facility to Woodgrain Inc. The transaction, which closed on January 17, 2025, was valued at $115 million, subject to customary closing adjustments. The sale fulfills JELD-WEN's legal obligation to divest the Towanda business as mandated by court order.
JELD-WEN Holding (NYSE: JELD), a leading global manufacturer of building products, has announced its schedule for the release of fourth quarter 2024 results. The company will release its results on Monday, February 17, 2025, followed by a conference call to discuss the results on Tuesday, February 18, 2025, at 8 a.m. EST.
Investors can participate in the conference call either through a webcast available on the company's Investor Relations website or by dialing in using the provided numbers. For those unable to attend the live event, a replay will be made available on JELD-WEN's website approximately two hours after the call concludes.
JELD-WEN Holding has announced the sale of its Towanda, Pennsylvania facility to Woodgrain Inc. for approximately $115 million, following a court-ordered divestiture process. The transaction is expected to close by December 31, 2024.
The company estimates the sale will result in an annual reduction of $150-200 million in revenue and $25-50 million in EBITDA during the first twelve months post-closing. JELD-WEN anticipates a non-cash pre-tax impairment charge of $25-35 million, with the divestiture expected to be neutral to net debt leverage.
JELD-WEN reported challenging third quarter 2024 results with net revenues from continuing operations declining 13.2% to $934.7 million. The company posted a net loss of ($73.0 million), or ($0.86) per share, compared to net income of $16.9 million in the prior year. The decline was primarily due to a $63.4 million goodwill impairment charge and weaker market conditions. Adjusted EBITDA decreased to $81.6 million, with margins falling 110 basis points to 8.7%. In response to deteriorating market conditions, JELD-WEN lowered its 2024 guidance, now expecting revenue between $3.7-$3.75 billion and Adjusted EBITDA of $265-$280 million.
JELD-WEN Holding, Inc. (NYSE: JELD), a leading global manufacturer of building products, has announced the release date for its third quarter 2024 results. The company will release the results on Monday, November 4, 2024, followed by a conference call to discuss the results on Tuesday, November 5, 2024, at 8 a.m. EST.
Investors and interested parties can access the call via webcast on the company's Investor Relations website or by dialing in. For those unable to attend the live event, a replay will be available on JELD-WEN's website approximately two hours after the call concludes.
JELD-WEN Holding, Inc. (NYSE: JELD) has announced that its subsidiary, JELD-WEN, Inc., has completed the redemption of all $200 million aggregate principal amount of its outstanding 4.625% Senior Notes due 2025. The redemption was executed for 100% of the principal amount, plus accrued and unpaid interest. This financial move, completed on September 13, 2024, demonstrates JELD-WEN's proactive approach to managing its debt obligations and potentially improving its capital structure.
JELD-WEN Holding, Inc. (NYSE: JELD) has announced its withdrawal from the Jefferies Industrial Conference scheduled for Thursday, September 5, 2024. The company's decision is due to senior management testing positive for COVID-19. This unexpected development has forced JELD-WEN to cancel its participation in the important industry event, potentially impacting its ability to engage with investors and analysts at the conference.
JELD-WEN Holding, Inc. (NYSE: JELD) has successfully completed a $350 million senior unsecured notes offering with a 7.000% interest rate, maturing on September 1, 2032. The notes, guaranteed by JELD-WEN, Inc. and its domestic subsidiaries, were offered in a private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act. The notes are not registered under the Securities Act and cannot be offered or sold in the U.S. without registration or an applicable exemption. This announcement does not constitute an offer to sell or solicitation of an offer to purchase the notes.
JELD-WEN Holding (NYSE: JELD), a leading global manufacturer of building products, has announced its participation in the upcoming Jefferies Industrials Conference. CEO William J. Christensen and CFO Samantha Stoddard will engage in a fireside chat on Thursday, September 5, 2024, at 11:00 am ET.
Investors and interested parties can access the live webcast of the event on JELD-WEN's website at investors.jeld-wen.com. A replay of the webcast will also be available on the same platform following the event. This participation provides an opportunity for JELD-WEN to showcase its position in the building products industry and engage with investors and analysts.
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