Welcome to our dedicated page for Jeld Wen Holding news (Ticker: JELD), a resource for investors and traders seeking the latest updates and insights on Jeld Wen Holding stock.
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 Holding, Inc. (NYSE: JELD) will release its first quarter 2021 results on April 30, 2021, before the market opens. A conference call is scheduled for 8 a.m. EDT the same day. Investors can access the call via webcast on the company's Investor Relations website or by dialing (833) 921-1640 with conference ID 1561009. A replay will be available approximately two hours after the call. JELD-WEN is a major door and window manufacturer, operating globally and recognized for its energy-efficient products.
JELD-WEN Holding, Inc. addresses the challenges of working from home as revealed in a recent Zonda study. Nearly half of respondents with children face noise disruptions, leading 55% to work longer hours. JELD-WEN suggests replacing hollow interior doors with their ProCore™ series, which can reduce noise by up to 50%. This recommendation aligns with homeowners' increasing focus on home improvements during the pandemic. JELD-WEN's ProCore™ Quiet Doors are available at major retailers, promoting enhanced home comfort.
On March 1, 2021, JELD-WEN Holding, Inc. (NYSE: JELD) announced the pricing of an underwritten public offering of 8,000,000 shares by existing stockholders at $29.25 per share, upsized from 7,000,000 shares. The offering is set to close on March 3, 2021. JELD-WEN will repurchase 800,000 shares from the offering, enhancing shareholder value. The company will not receive any proceeds from the sale by the selling shareholders. Goldman Sachs & Co. LLC is the sole underwriter. Details can be found in the registration statement filed with the SEC.
JELD-WEN announced a secondary offering of 7,000,000 shares by selling shareholders Onex Corporation and its affiliates. JELD-WEN will not receive proceeds from this sale. However, the company plans to repurchase 800,000 shares from the offering at the purchase price set by underwriters. This move aims to reduce the share count available to the public to 6,200,000 shares, potentially enhancing shareholder value. Goldman Sachs is the sole underwriter for the offering.
JELD-WEN announced a mixed ruling from the U.S. Court of Appeals for the Fourth Circuit regarding its litigation with Steves and Sons. The court upheld the district court's order for divestiture of JELD-WEN's Towanda, Pennsylvania facility but vacated a $139.4 million lost-profits award to Steves, stating the claim was premature. JELD-WEN intends to appeal the divestiture ruling while continuing to protect its trade secrets in a separate Texas lawsuit. The company aims to maintain its operational focus during the ongoing legal challenges.
JELD-WEN Holding, Inc. (NYSE: JELD) reported Q4 2020 net revenue of $1,151.3 million, a 7.7% increase, and net income of $43.2 million, compared to $7.8 million in Q4 2019. With an adjusted EBITDA of $115.4 million, up 29.4%, the company achieved significant margin expansion across all segments, particularly North America, which saw a 310 basis points increase. Full-year cash flow from operations stood at $355.7 million, with record liquidity of $1,121.5 million. The 2021 outlook anticipates 4.0% to 7.0% revenue growth.
JELD-WEN Holding announces that CEO Gary S. Michel will participate in a virtual fireside chat at the 2021 Barclays Industrials Select Conference on February 17 at 3:30 p.m. EST. Additionally, CFO John Linker will engage in a discussion at the 2021 J.P. Morgan Global High Yield & Leveraged Finance Conference on March 3 at 9:15 a.m. EST. Audio webcasts and further information will be available on their investor relations website.
JELD-WEN Holding will release its fourth quarter and full year 2020 results before the market opens on February 16, 2021. A conference call is scheduled for 8 a.m. EST that day, providing insights into the company’s financial performance. Investors can access the call via webcast or phone. JELD-WEN is a major global manufacturer of doors and windows, with operations in 20 countries and a commitment to energy-efficient products, recognized as an ENERGY STAR Partner since 1998.
The law firm Shuman, Glenn & Stecker is investigating potential claims against JELD-WEN regarding allegations of antitrust violations and a related securities class action. JELD-WEN was found liable for price-fixing in 2018, which led to a significant stock price drop of 19%. The securities lawsuit alleges that JELD-WEN misrepresented its market competitiveness and falsely attributed its financial performance to legitimate factors. The class action is progressing towards trial following a denial to dismiss the claims.
Shuman, Glenn & Stecker is investigating potential claims against JELD-WEN Holding, Inc. due to ongoing antitrust litigation and a securities class action. Allegations include participation in a collusive price-fixing scheme with a competitor and misrepresentations about market competition. A jury found JELD-WEN liable for antitrust violations in 2018, resulting in a significant financial charge of $76.5 million and a 19% drop in stock price. The securities class action has progressed towards trial following a judge's denial of a motion to dismiss.
FAQ
What is the current stock price of Jeld Wen Holding (JELD)?
What is the market cap of Jeld Wen Holding (JELD)?
What does JELD-WEN Holding, Inc. specialize in?
Where is JELD-WEN headquartered?
In which regions does JELD-WEN operate?
What are JELD-WEN’s main products?
How does JELD-WEN contribute to sustainability?
What was JELD-WEN's revenue for the year 2023?
How can investors stay updated on JELD-WEN's performance?
What is JELD-WEN's approach to market challenges?
Who are the primary customers of JELD-WEN?
How many employees does JELD-WEN have?
