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Overview
JELD-WEN Holding Inc. (NYSE: JELD) is a globally recognized designer, manufacturer, and distributor of high-performance building products including interior and exterior doors, and a comprehensive array of wood, vinyl, and aluminum windows. With a steadfast commitment to quality, innovation, and energy efficiency, the company has established a strong presence in the new construction, as well as the repair and remodeling markets across North America, Europe, and Australasia. Industry keywords such as manufacturing excellence, energy efficiency, and architectural innovation underscore its role in creating products that combine both durability and superior performance.
Core Business and Operations
At its core, JELD-WEN is dedicated to designing and producing a broad spectrum of building solutions intended for residential homes, commercial facilities, and non-residential projects worldwide. The company maintains an extensive network of manufacturing facilities that enables it to serve builders, architects, and homeowners with products that have been recognized for dependability and innovation. Its business model leverages in-house design and production processes that ensure quality control, while its distribution channels enable effective market penetration and customer reach on a global scale.
Market Position and Competitive Landscape
JELD-WEN occupies a significant position within the building materials industry due to its ability to offer comprehensive product ranges that cater to both new builds and renovation projects. The company differentiates itself in a competitive market by focusing on product durability, streamlined operations, and integration of advanced manufacturing techniques. This focus on quality control and continuous improvement has earned it numerous endorsements and awards, reinforcing its reputation among industry professionals and regulatory partners alike.
Product Excellence and Energy Efficiency
One of JELD-WEN's distinguishing features is its commitment to manufacturing energy-efficient products. The company has a long history of aligning its product development with energy-saving standards, enhancing the performance of its doors and windows to meet modern environmental and building regulations. This commitment not only bolsters its market standing but also provides tangible benefits in terms of long-term energy savings and sustainable building practices.
Manufacturing and Supply Chain Integration
Through its network of manufacturing operations, the company ensures that its product lines meet rigorous design and quality specifications. The integration of cutting-edge production techniques and efficient supply chain management offers customers reliable delivery schedules and sustained performance advantages. This methodical approach to manufacturing reinforces JELD-WEN's ability to navigate complex market conditions and maintain consistent business operations.
Customer Focus and Industry Reputation
The company places a strong emphasis on customer satisfaction by consistently delivering products on quality, performance, and aesthetic appeal. JELD-WEN’s dedication to understanding the evolving needs of builders and architects is reflected in its vast range of customized solutions, ensuring that every product meets the unique demands of modern construction and design. Its longstanding relationships with industry stakeholders are a testament to its commitment to quality and service excellence.
Conclusion
JELD-WEN Holding Inc. stands as a pillar within the construction and building products industries, offering unmatched expertise in manufacturing high-performance doors and windows. Its extensive global footprint, state-of-the-art manufacturing processes, and dedication to innovation allow the company to consistently deliver products that are both dependable and forward-thinking. Investors and industry analysts view its operations as an exemplar of quality and efficiency in the competitive landscape of construction solutions.
JELD-WEN Holding, Inc. (NYSE: JELD) has appointed Colleen Penhall as vice president of global corporate communications. With over 20 years of experience, Penhall previously served as chief communications and marketing officer at UNC Charlotte and held leadership roles at Lowe's and Bank of America. She will report to Tim Craven, executive vice president of human resources, and is expected to enhance the company's communication strategy as it continues its growth trajectory.
JELD-WEN Holding, Inc. (NYSE:JELD) reported robust second-quarter results for 2021, with net revenue reaching $1,245.8 million, marking a 25.5% increase.
Net income surged to $60.7 million, up from $23.1 million year-over-year, while earnings per share climbed to $0.60. Core revenue growth was driven by a 19% increase, aided by strong volume and pricing. The company enhanced its share repurchase program to $400 million and successfully refinanced debt.
Outlook for 2021 was raised, anticipating 12% to 14% net revenue growth.
JELD-WEN Holding (NYSE:JELD) has announced participation in two upcoming virtual conferences. Chief Financial Officer John Linker will join the Jefferies Virtual Industrials Conference on August 3, 2021, at 8:30 a.m. EDT. Meanwhile, President and CEO Gary S. Michel will participate in the Barclays Select Series on August 10, 2021, at 8:00 a.m. EDT. Audio webcasts for both events, along with replays, will be available on the company's investor relations website.
JELD-WEN Holding, Inc. (NYSE: JELD) will announce its second quarter 2021 results on August 2, 2021, before market opening. A conference call is scheduled for 8 a.m. EDT that day to discuss the results. Investors can join the call via webcast on the company's Investor Relations page or by dialing (833) 921-1640 with conference ID 2193734. A replay will be available on the website shortly after the call concludes.
JELD-WEN Holding, Inc. (NYSE:JELD) announced that CFO John Linker will speak at the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 11:20 a.m. EDT. An audio webcast of the discussion will be available on their investor relations website. JELD-WEN is a major manufacturer of high-performance building products, offering a wide range of windows and doors. They emphasize energy efficiency and innovation, aiming to enhance customer productivity and promote sustainability.
JELD-WEN Holding, Inc. (NYSE: JELD) presented its growth strategy on May 18, 2021, at its first investor day. CEO Gary S. Michel emphasized the company's significant progress over the past three years and its robust franchise. The JELD-WEN Excellence Model (JEM) is central to its transformation and growth, focusing on a superior customer experience and productivity enhancements. CFO John Linker outlined 2025 financial targets and capital allocation priorities, while the company also highlighted its Environmental, Social, and Governance (ESG) goals, reinforcing its commitment to sustainability.
JELD-WEN Holding, Inc. (NYSE: JELD) announced a secondary offering of 10,000,000 shares, managed by Onex Corporation and affiliated funds. The company will not sell any shares or receive proceeds from the offering. However, JELD-WEN plans to repurchase 1,000,000 shares from the offering at the underwriter's price. This leaves 9,000,000 shares available for the public. J.P. Morgan Securities LLC is the sole underwriter. The offering follows a previously filed automatic shelf registration with the SEC.
On May 4, 2021, JELD-WEN Holding (NYSE:JELD) announced an $8 million investment to open a new manufacturing facility in Statesville, North Carolina, aimed at expanding their VPI Quality Windows brand. This facility will enhance service capabilities for their multi-family and commercial customers and is expected to create up to 235 new jobs. The investment aligns with JELD-WEN's growth strategy in North America, particularly in energy-efficient solutions. In addition, a capacity expansion in North Wilkesboro is anticipated to generate further employment opportunities.
JELD-WEN Holding reported an impressive first-quarter 2021, with net revenue of $1,092.4 million, reflecting an 11.6% increase year-over-year. Net income surged to $25.5 million, compared to a loss last year. Adjusted EBITDA rose 31.4% to $97.9 million, with margins expanding across all segments. The company repurchased 809,884 shares for $23.1 million and raised its 2021 revenue and EBITDA outlook. Core revenue growth was strong, particularly in North America at 9%, backed by favorable pricing and volume.
JELD-WEN Holding, headquartered in Charlotte, N.C., will host its inaugural Investor Day webcast on May 18, 2021, from 9:00 a.m. to 12:00 p.m. EDT. The event will feature executive presentations discussing the company's vision, growth strategies, and shareholder value creation. A Q&A session will also be included. Interested parties can access the webcast and additional information on the investor relations section of JELD-WEN's website. The company is a leading manufacturer of building products, providing energy-efficient solutions to enhance productivity and safety.
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