JELD-WEN Q2 revenue down 4.5% to $1.13B; raises FY guidance as margins improve

JELD-WEN Holding, Inc.

2023-Q2 EPS reported $0.63 revenue$2,206,289,000

Net revenue $1,125.8M, down 4.5% YoY; core revenue -4% (price +7%, volume/mix -11%).
GAAP net income $22.5M ($0.26 EPS) vs $35M ($0.40) prior year; adjusted EPS $0.44 vs $0.45.
Adjusted EBITDA $108.9M (9.7% margin, +50bps) vs $108.3M prior year.
Completed Australasia sale for ~$446M net proceeds; repaid $450M senior notes on Aug 3.
Raised full-year guidance: narrowed ranges and raised midpoints for Revenue and Adjusted EBITDA.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JELD-WEN Holding, Inc. reported second quarter ended July 1, 2023 results: revenue $1,125.8 million, net income $22.5 million, EPS $0.26 per share. Guidance raised.

Period: second quarter ended July 1, 2023
Revenue: $1,125.8 million
Net income: $22.5 million
EPS: $0.26 per share
Guidance: raised
Result: reported results

Exact text from the filing

is raising its full-year guidance for continuing operations to reflect its solid second quarter results. Second Quarter Highlights • Net revenues from continuing operations of $1,125.8 million decreased 4.5% in the second quarter driven by a (4%) decline in Core Revenue. The Core Revenue decline was driven by (11%) lower volume/mix partially offset by +7% price

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Source: SEC EDGAR

accession 0001674335-23-000149

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