earnings
confidence high
sentiment neutral
materiality 0.80
JELD-WEN Q4 net loss $22.6M on 13.4% revenue drop; adjusted EPS up to $0.37; 2024 guidance issued
JELD-WEN Holding, Inc.
2023-FY EPS reported
$0.73
revenue$4,304,334,000
- Q4 net revenues $1,021.1M, down 13.4% YoY; Core Revenue declined 15% on 16% lower volume/mix.
- Net loss from continuing ops $(22.6)M ($(0.27)/share) vs net income $25.9M ($0.31) a year ago.
- Adjusted EPS $0.37 (up from $0.34); Adjusted EBITDA $86.5M, up $8.5M YoY; margin 8.5% (+190 bps).
- Full-year 2023: net revenues $4,304.3M (-5.3%); net income $25.2M ($0.29); adjusted EBITDA $380.4M.
- FY 2024 guidance: net revenues $4.0-4.3B, Adjusted EBITDA $370-420M; sale of Australasia closed July 2023 for $446M proceeds.