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.
On November 15, 2022, JELD-WEN announced the appointment of James Armstrong as vice president of investor relations. With over 15 years of experience in investment analysis, Armstrong previously held a similar role at WestRock Company. He aims to enhance transparency and provide valuable insights to the investment community. Armstrong expressed enthusiasm for joining JELD-WEN, highlighting the company's competitive advantages and potential for increasing shareholder value. This strategic hire is expected to positively impact investor relations as the company evolves.
JELD-WEN Holding, Inc. (NYSE: JELD) reported a net revenue increase of 13.0% for Q3 2022, totaling $1,295.8 million, driven by 18% core revenue growth. However, the company faced a GAAP net loss of $33.2 million due to a $54.9 million goodwill impairment in the Europe segment. Adjusted earnings per share improved to $0.71, up from $0.45 a year prior. Full-year guidance for adjusted EBITDA has been revised down to $400-$420 million, reflecting ongoing challenges like inflation and supply chain disruptions.
JELD-WEN Holding, Inc. (NYSE: JELD) will announce its third quarter 2022 results on October 31, 2022, prior to market opening. The company plans a conference call at 8 a.m. ET on the same day to discuss the financial results. Interested parties can access the call via webcast on the company's investor relations website or by dialing (888) 330-2446 with conference ID 1285715. A replay will be available shortly after the live event. JELD-WEN specializes in manufacturing high-performance building products, including windows and doors.
JELD-WEN Holding, Inc. has announced the appointment of Catherine A. Halligan to its board of directors, effective September 5, 2022. This addition brings the board's total to eight members, four of whom are women, and seven independent. Halligan brings extensive experience in digital transformation and marketing, previously serving as senior vice president at PowerReviews and holding significant roles at Walmart.com and other companies. Her expertise is expected to enhance JELD-WEN's focus on delivering exceptional customer experiences.
JELD-WEN Holding, Inc. (NYSE: JELD) has announced a strategic review of its Australasia business, which contributes approximately 10% to global revenues. This initiative aims to maximize shareholder value and streamline operations. The Australasia segment, recognized for its strong market position, includes 41 manufacturing locations across Australia, Malaysia, and Indonesia, employing around 5,000 people. JELD-WEN has engaged Macquarie Capital and Herbert Smith Freehills as advisors for this review, though no timeline or outcome is guaranteed.
JELD-WEN Holding, Inc. announced leadership changes, accepting the resignation of Gary S. Michel as chair and CEO. In his place, Kevin C. Lilly, previously executive VP and CIO, has been appointed as interim CEO. David G. Nord has been elected chair of the Board of Directors. The Board has commenced a comprehensive search for a permanent CEO, evaluating both internal and external candidates. The company emphasizes a commitment to delivering long-term shareholder value and a seamless transition during this period.
JELD-WEN announced its Q2 2022 financial results, reporting net revenue of $1.331 billion, a 6.8% increase year-over-year, driven by 11% core revenue growth. However, net income fell to $45.8 million from $60.7 million due to cost inflation. Adjusted EBITDA decreased 15.1% to $125.8 million. The company announced a $200 million share repurchase authorization, but revised its full-year revenue growth outlook to 4%-6% from 7%-10%. Management acknowledged challenges from inflation and lower retail demand but remains confident in long-term growth strategies.
JELD-WEN Holding, a global building products manufacturer, announced the release of its second quarter 2022 results before market opening on August 1, 2022. A conference call will follow at 8 a.m. ET to discuss these results. Interested parties can access the call through the investor relations section of the company’s website or by phone. The company's focus remains on providing durable and energy-efficient products to enhance productivity for construction professionals.
JELD-WEN has launched its new Auraline® True Composite line of windows and patio doors, designed to meet market demands for an alternative to traditional vinyl and wood. This innovative product offers the beauty of wood while providing greater durability and ease of maintenance. The Auraline line features GREENGUARD Gold certification and is twice as rigid as vinyl, promoting better strength and aesthetics. With up to 28% more visible glass and nearly 40% greater energy efficiency than standard options, Auraline aims to fulfill a critical gap for homebuilders and homeowners nationwide.
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