earnings
confidence high
sentiment negative
materiality 0.80
JELD-WEN Q3 net loss $73M; revenue down 13%; adjusted EBITDA $81.6M
JELD-WEN Holding, Inc.
2024-Q3 EPS reported
-$1.42
revenue$2,879,858,000
- Net loss from continuing ops $73.0M ($0.86 dil EPS) vs net income $16.9M ($0.20) a year ago.
- Revenue $934.7M, down 13.2% YoY due to 13% volume/mix decline from weak macro and entry-level shift.
- Adjusted EBITDA $81.6M (8.7% margin) vs $105.7M; includes $63.4M pre-tax goodwill impairment in Europe.
- Adjusted EPS $0.32 vs $0.53; CEO expects $115M Adjusted EBITDA in 2024 from transformation efforts.
- Core Revenue decline of 13% entirely from lower volume/mix; higher labor and material costs partly offset by lower SG&A.