earnings
confidence high
sentiment positive
materiality 0.70
JELD-WEN Q2 revenue $817.8M (-0.7%); Adj EBITDA $42.3M (+8.5%), first YoY growth in 10 quarters; raises FY guidance
JELD-WEN Holding, Inc.
- Net revenues $817.8M, down 0.7% YoY; core revenues down 2% on volume/mix decline of 3%, partially offset by price +1% and FX +1%.
- Net loss from continuing ops ($31.5M) or ($0.37) per share, vs net loss ($22.3M) or ($0.26) per share last year.
- Adjusted EBITDA from continuing ops $42.3M, up 8.5% from $39.0M; margin 5.2%, up 50 bps.
- Adjusted EPS from continuing ops ($0.11) vs ($0.04) last year; excludes $22.4M in after-tax charges.
- CEO says raising mid-point of full-year Adjusted EBITDA guidance; first YoY growth in 10 quarters.