earnings
confidence high
sentiment negative
materiality 0.80
JELD-WEN Q4 net loss widens to $68.4M; full-year revenue down 12% amid market weakness
JELD-WEN Holding, Inc.
2024-FY EPS reported
-$2.22
revenue$3,775,592,000
- Q4 net loss from continuing ops $68.4M ($0.81/sh) vs $22.6M loss a year ago; includes $31.4M impairment for Towanda divestiture.
- Q4 net revenues $895.7M, down 12.3% YoY; core revenue decline 12% on lower volume/mix and demand shift to entry-level products.
- Full year net loss $187.6M ($2.21/sh) vs net income $25.2M in 2023; adjusted EBITDA $275.2M, down 28% YoY.
- Adjusted EBITDA margin 4.5% in Q4 (down 400 bps); management cites weak macro, higher labor/materials costs.
- CEO Christensen says transformation progressing; company positioned to capitalize as market improves.