Jeld Wen Holding Stock Price, News & Analysis

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.

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.