JELD-WEN Q2 net loss $18.5M, revenue $986M down 12.4% YoY; adjusted EBITDA $84.8M

JELD-WEN Holding, Inc.

2024-Q2 EPS reported -$0.54 revenue$1,945,142,000

Net revenue from continuing ops fell 12.4% to $986M; core revenue declined 12% on lower volume/mix.
Net loss of $18.5M ($0.22 loss per share) vs net income of $22.5M ($0.26 EPS) a year ago.
Adjusted EBITDA dropped to $84.8M (8.6% margin) from $108.9M (9.7% margin) due to weak demand and plant closure costs.
North America segment revenue down 13% to $710.6M; adjusted EBITDA margin fell 270 bps to 10.6%.
Repurchased 1.6M shares at average price $15.18 during the quarter.

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