JELD-WEN Q3 GAAP net loss $33.2M; lowers FY22 adjusted EBITDA guidance to $400-420M

JELD-WEN Holding, Inc.

2022-Q3 EPS reported $0.14 revenue$3,797,800,000

Net revenue $1.30B, +13% YoY; core revenue +18% on price (+15%) and volume/mix (+3%).
GAAP net loss $33.2M (-$0.39/share) vs. net income $40.5M ($0.41) a year ago; includes $54.9M goodwill impairment in Europe.
Adjusted EPS $0.71 vs. $0.45; adjusted EBITDA $116.5M (+17.9%), margin 9.0% (+40 bps).
FY22 adjusted EBITDA guidance cut to $400-420M from prior $430-450M; core revenue growth unchanged at ~10%.
Announced strategic review of Australasia segment; free cash flow used $130.9M in 9 months vs. $61.6M generated a year ago.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JELD-WEN Holding, Inc. reported the third quarter ended September 24, 2022 results: revenue $1,295.8 million, net income $33.2 million loss, EPS $0.39 loss per share.

Period: the third quarter ended September 24, 2022
Revenue: $1,295.8 million
Net income: $33.2 million loss
EPS: $0.39 loss per share
Result: reported results

Exact text from the filing

• Net revenue of $1,295.8 million increased 13.0% for the third quarter driven by 18% core revenue growth. Core revenue growth included 15% price realization and 3% positive volume/mix. • GAAP net loss was $33.2 million or $0.39 per share, compared to net income of $40.5 million or $0.41 per share during the same quarter a year ago.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JELD-WEN Holding, Inc. updated its full year 2022 guidance (lowered).

Period: full year 2022
Guidance: lowered
Result: guidance update

Exact text from the filing

Adjusted EBITDA is updated to a range of $400 million to $420 million from the previous outlook of $430 million to $450 million.

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Source: SEC EDGAR

accession 0001674335-22-000134

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