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.
Overview of JELD-WEN Holding, Inc.
JELD-WEN Holding, Inc. (NYSE: JELD) is a leading global designer, manufacturer, and distributor of high-performance doors, windows, and related building products. Headquartered in Charlotte, North Carolina, the company operates in 14 countries, primarily across North America and Europe, employing approximately 16,000 associates. JELD-WEN serves both the new construction and repair/remodeling sectors, providing solutions for residential single-family homes, multi-family dwellings, and non-residential buildings.
Core Business Areas
The company’s extensive product portfolio includes interior and exterior doors, wood, vinyl, and aluminum windows, as well as walls and related building materials. These products are designed to meet the diverse needs of builders, architects, and homeowners. JELD-WEN is recognized for its innovation and commitment to energy efficiency, holding the distinction of being an ENERGY STAR® partner since 1998.
Operational Segments
JELD-WEN operates through three geographical segments:
- North America: The largest revenue-generating region, offering a wide array of building products tailored to both residential and non-residential markets.
- Europe: Focused on premium doors and windows, with a strong presence in the repair and remodeling sector.
- Australasia: Recently divested, reflecting the company’s strategy to streamline operations and focus on core markets.
Market Position and Competitive Landscape
JELD-WEN is a significant player in the global building products industry, competing with companies like Andersen, Pella, and Masonite. The company differentiates itself through its vertical integration, enabling control over the manufacturing process and ensuring product quality. Its commitment to energy efficiency and sustainability further bolsters its market appeal.
Challenges and Strategic Initiatives
JELD-WEN faces challenges such as fluctuating macroeconomic conditions, rising material and labor costs, and competitive pressures. To address these, the company has embarked on a comprehensive transformation journey aimed at streamlining operations, improving productivity, and enhancing customer experience. These efforts are expected to solidify its foundation and drive long-term value creation.
Value Proposition
JELD-WEN’s products are known for their dependability, innovation, and energy efficiency, making them a preferred choice for builders, architects, and homeowners worldwide. The company’s focus on delivering high-quality, customizable solutions ensures it remains a trusted partner in the building products industry.
On April 17, 2023, Platinum Equity announced its acquisition of JELD-WEN's Australasia windows and doors business for approximately $461 million. The deal is expected to be finalized in the third quarter of 2023, pending regulatory approvals. With around 5,000 employees and 41 manufacturing locations across Australia, Malaysia, and Indonesia, JELD-WEN Australasia boasts well-known brands like Corinthian® and Stegbar®. Platinum Equity emphasizes its capability in managing corporate carve-outs, aiming to maximize the potential of JELD-WEN's Australasia operations. The investment is positioned to enhance market dynamics and customer solutions in a competitive housing market.
On April 17, 2023, JELD-WEN Holding (NYSE: JELD) announced the completion of its strategic review for its Australasia business, agreeing to sell it to Platinum Equity for approximately AU$688 million (around US$461 million) before tax. This sale represents about 11% of JELD-WEN's global revenue and includes 41 manufacturing locations across Australia, Malaysia, and Indonesia, employing roughly 5,000 people. The transaction, expected to close in the third quarter of 2023, aims to streamline operations and reduce debt. JELD-WEN will report the Australasia business as discontinued in its second fiscal quarter following closure.
JELD-WEN Holding, Inc. (NYSE: JELD) announced that it will release its first quarter 2023 results after market close on May 8, 2023. A conference call to discuss the results is scheduled for 8 a.m. ET on May 9, 2023. Investors can access the call via webcast on the company's investor relations website or by dialing 888-330-2446 in the U.S. or +1-240-789-2732 internationally, using conference ID 1285715. A replay of the call will be available shortly after its conclusion.
JELD-WEN specializes in high-performance building products, offering a variety of windows, doors, and wall systems to enhance productivity and sustainability.
JELD-WEN Holding, Inc. (NYSE: JELD) reported a 7.5% increase in full-year revenue, totaling $5.13 billion, due to 12% Core Revenue growth despite a 5% adverse foreign exchange impact. The fourth quarter net revenue rose 3.5% to $1.33 billion, with net income at $33.6 million or $0.40 per share. Full-year net income fell to $45.7 million or $0.53 per share, a decline from the prior year's $168.8 million. The company set its 2023 guidance, forecasting revenue between $4.5 billion and $4.9 billion amid expectations of declining demand across markets.
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. do?
What markets does JELD-WEN serve?
How does JELD-WEN generate revenue?
What makes JELD-WEN products unique?
Who are JELD-WEN's competitors?
What challenges does JELD-WEN face?
What is JELD-WEN’s strategy for growth?
Where is JELD-WEN headquartered?
What is JELD-WEN’s commitment to energy efficiency?
How does JELD-WEN differentiate itself in the market?
