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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) announced the appointment of Julie C. Albrecht as the new Executive Vice President and Chief Financial Officer, effective July 18, 2022. Albrecht joins from Sonoco, where she served as CFO with 2021 sales of $5.6 billion. She replaces interim CFO David Guernsey, who will take on a different leadership role. With over 30 years of experience in finance, Albrecht aims to enhance JELD-WEN's financial performance and growth strategy, focusing on market share and shareholder value.
JELD-WEN has appointed John T. Krause as Senior Vice President and General Manager for North America, effective May 25, 2022. He will replace Daniel Castillo, who is departing the company. Krause brings over 25 years of experience in management, marketing, finance, and operations, previously leading the North America windows business. CEO Gary S. Michel praised Krause's track record and emphasized the company’s focus on enhancing customer experience and driving revenue growth.
JELD-WEN Holding, Inc. reported its Q1 2022 results, highlighting net revenue of $1,171.0 million, a 7.2% increase year-over-year, driven by 10% core revenue growth. The company faced a net loss of $0.5 million, a significant drop from net income of $25.5 million in Q1 2021, attributed to rising raw material, freight, and labor costs. Adjusted EBITDA fell 18.0% to $80.2 million. Despite these challenges, JELD-WEN remains optimistic about future growth, emphasizing strong order books and margin expansion initiatives.
JELD-WEN Holding, a global leader in building products, announced that CEO Gary S. Michel will participate in upcoming investor conferences. The schedule includes:
- Wells Fargo Industrials Conference on May 4 at 8:00 a.m. ET
- Goldman Sachs Industrials and Materials Conference on May 11 at 11:20 a.m. ET
- J.P. Morgan Homebuilding and Building Products Conference on May 16 at 9:45 a.m. ET
JELD-WEN has launched its new Auraline® line of composite windows and patio doors, now in production, aimed at filling a market gap for sustainable building products. With around 40% of dealers lacking composite options, Auraline is designed to meet increasing demand for energy-efficient and design-focused materials. The composite material combines wood fiber and synthetic polymers, offering enhanced durability and energy efficiency, featuring a glass package that is over 35% more efficient than standard options. Rapid expansion is anticipated throughout 2022.
JELD-WEN Holding, a global manufacturer of building products, will announce its first quarter 2022 results on May 2, 2022, before the market opens. A conference call will follow at 8 a.m. ET to discuss the earnings. Investors can access the call via webcast or by calling (888) 330-2446 with the conference ID 1285715. A replay will be available on the company's website approximately two hours after the call concludes. JELD-WEN specializes in high-performance windows and doors, focusing on providing energy-efficient products.
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JELD-WEN Holding, Inc. (NYSE:JELD) announced the resignation of CFO John Linker effective April 1, 2022, to pursue another opportunity. David Guernsey, currently EVP and president of JELD-WEN Europe, will serve as acting CFO. Additionally, Bill Christensen will join as EVP and president of JELD-WEN Europe on the same date. Christensen, with over 25 years of experience in senior management roles, has previously led transformation efforts at REHAU AG. The leadership transition aims to continue JELD-WEN's focus on customer-centric growth and sustainability efforts.
JELD-WEN Holding reported impressive financial results for 2021, with net revenue of $4.772 billion, a 12.7% increase year-over-year. The fourth quarter net revenue rose 11.8% to $1,286.9 million, driven by core revenue growth of 12%. Despite a decrease in net income to $42.1 million due to inflation pressures, the company remains optimistic with a 2022 outlook projecting revenue growth of 7% to 10% and adjusted EBITDA of $520 million to $565 million.
JELD-WEN Holding, based in Charlotte, N.C., will participate in several investor conferences in February and March 2022. CEO Gary S. Michel will engage in a fireside chat at the Barclays Industrials Select Conference on February 23, 2022, at 2:25 p.m. EST. CFO John Linker will host virtual meetings at the Wolfe Research Real Estate Conference on March 1, and he will also participate in a fireside chat at the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 2, 2022, at 10:45 a.m. EST. Additional details, including audio webcasts, will be available on their investor relations website.
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