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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 Holding, Inc. (NYSE: JELD) has announced that its subsidiary, JELD-WEN, Inc., plans to redeem all outstanding 4.625% Senior Notes due 2025. This redemption is subject to the completion of a new notes offering announced on August 8, 2024. The redemption is scheduled for September 13, 2024, with a redemption price of $1,000 for each $1,000 principal amount of Notes, plus accrued and unpaid interest. This move is likely part of JELD-WEN's debt management strategy, potentially aimed at refinancing existing debt with more favorable terms.
JELD-WEN Holding, Inc. (NYSE: JELD) has priced a $350 million offering of 7.00% senior unsecured notes due 2032 in a private placement. The net proceeds will be used to redeem all outstanding 4.625% Senior Notes due 2025 and partially repay borrowings under the term loan facility. The offering is expected to close on August 22, 2024, subject to customary conditions.
The notes will be guaranteed by JELD-WEN, Inc. and its domestic subsidiaries that guarantee indebtedness under the term loan facility. The offering is to qualified institutional buyers and certain non-U.S. persons, and the notes will not be registered under the Securities Act or state securities laws.
JELD-WEN Holding, Inc. (NYSE: JELD) has announced plans to offer $350 million in senior unsecured notes due 2032 through a private placement. The company intends to use the proceeds to redeem all outstanding 4.625% Senior Notes due 2025 and partially repay borrowings under its term loan facility. The new notes will be guaranteed by JELD-WEN, Inc. and its domestic subsidiaries that guarantee the term loan facility. The offering is to qualified institutional buyers and certain non-U.S. persons, subject to Rule 144A and Regulation S under the Securities Act. The notes will not be registered and cannot be offered or sold in the U.S. without registration or an applicable exemption.
JELD-WEN Holding, Inc. (NYSE: JELD) reported its Q2 2024 results, showing a 12.4% decrease in net revenues to $986.0 million. The company experienced a net loss of $18.5 million ($0.22 per share) compared to a net income of $22.5 million ($0.26 per share) in Q2 2023. Adjusted EBITDA from continuing operations decreased by $24.0 million to $84.8 million, with a margin of 8.6%. The decline was primarily due to lower volume/mix and negative price/cost factors. JELD-WEN maintained its 2024 revenue guidance of $3.9 to $4.1 billion but lowered its Operating Cash Flow guidance to approximately $200 million from $225 million previously.
JELD-WEN Holding, Inc. (NYSE: JELD) has released its 2023 Environmental, Social and Governance (ESG) report, highlighting progress towards its 2050 sustainability goals. CEO William J. Christensen emphasized the importance of sustainability in the company's transformation efforts. Key initiatives include:
1. Net zero greenhouse gas emissions: Five European facilities now use 100% renewable energy.
2. Zero manufacturing waste to landfill: The Pottsville, Pennsylvania site reduced landfill waste by 56%.
3. 100% recycled or sustainably harvested materials: Swedoor brand in Denmark started a door recycling project.
4. 100% global sourcing of sustainable or certified wood: Achieved 35% globally, a 24% improvement from 2021.
The report aligns with SASB, GRI, and TCFD standards, demonstrating JELD-WEN's commitment to environmental stewardship and sustainable practices.
JELD-WEN, a leading global manufacturer of building products, announced it will release its second quarter 2024 financial results on August 5, 2024. The company will host a conference call to discuss these results on August 6, 2024, at 8 a.m. EDT. Investors and interested parties can access the call via webcast on the Investor Relations section of the company's website or by dialing specific phone numbers provided. A replay will be available on the website approximately two hours after the call concludes.
JELD-WEN Holding announced the appointment of Samantha L. Stoddard as the new EVP and Chief Financial Officer, effective July 1, 2024. Stoddard, who currently serves as North America CFO and head of global financial planning and analysis, will succeed Julie C. Albrecht. Albrecht will step down on June 30, 2024, and remain in an advisory role for a smooth transition. Stoddard has been with JELD-WEN since 2020 and previously held senior finance roles at Honeywell and other companies. CEO William J. Christensen praised her leadership and expertise, indicating confidence in her ability to contribute to the company's strategy of simplification and value creation.
JELD-WEN Holding, Inc. reported first-quarter 2024 results with net revenues declining by 11.2% to $959.1 million, driven by lower volume/mix due to weak macro-economic conditions. The company posted a net loss of $(27.7) million, or $(0.32) per share, compared to a profit during the same period last year. Adjusted EBITDA decreased to $68.7 million. The company updated its full-year 2024 guidance, lowering revenue expectations to $3.9-$4.1 billion with a 5-9% decline in Core Revenues compared to 2023. Adjusted EBITDA is expected to be $340-$380 million due to a softened macro-environment.
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