Jeld Wen Holding Stock Price, News & Analysis

JELD-WEN Holding reported an impressive first-quarter 2021, with net revenue of $1,092.4 million, reflecting an 11.6% increase year-over-year. Net income surged to $25.5 million, compared to a loss last year. Adjusted EBITDA rose 31.4% to $97.9 million, with margins expanding across all segments. The company repurchased 809,884 shares for $23.1 million and raised its 2021 revenue and EBITDA outlook. Core revenue growth was strong, particularly in North America at 9%, backed by favorable pricing and volume.

JELD-WEN Holding, headquartered in Charlotte, N.C., will host its inaugural Investor Day webcast on May 18, 2021, from 9:00 a.m. to 12:00 p.m. EDT. The event will feature executive presentations discussing the company's vision, growth strategies, and shareholder value creation. A Q&A session will also be included. Interested parties can access the webcast and additional information on the investor relations section of JELD-WEN's website. The company is a leading manufacturer of building products, providing energy-efficient solutions to enhance productivity and safety.

JELD-WEN Holding (NYSE:JELD) announces participation in several upcoming investor conferences. John Linker, CFO, will join the Wolfe Research Housing Conference on May 6, 2021, and a virtual fireside chat at the Goldman Sachs Global Industrials & Materials Conference on May 12, 2021. Additionally, Gary S. Michel, CEO, will participate in a fireside chat at the J.P. Morgan Homebuilding and Building Products Conference on May 20, 2021. Audio webcasts and further details will be accessible on the company's investor relations website.

JELD-WEN Holding, Inc. (NYSE: JELD) will release its first quarter 2021 results on April 30, 2021, before the market opens. A conference call is scheduled for 8 a.m. EDT the same day. Investors can access the call via webcast on the company's Investor Relations website or by dialing (833) 921-1640 with conference ID 1561009. A replay will be available approximately two hours after the call. JELD-WEN is a major door and window manufacturer, operating globally and recognized for its energy-efficient products.

JELD-WEN Holding, Inc. addresses the challenges of working from home as revealed in a recent Zonda study. Nearly half of respondents with children face noise disruptions, leading 55% to work longer hours. JELD-WEN suggests replacing hollow interior doors with their ProCore™ series, which can reduce noise by up to 50%. This recommendation aligns with homeowners' increasing focus on home improvements during the pandemic. JELD-WEN's ProCore™ Quiet Doors are available at major retailers, promoting enhanced home comfort.

On March 1, 2021, JELD-WEN Holding, Inc. (NYSE: JELD) announced the pricing of an underwritten public offering of 8,000,000 shares by existing stockholders at $29.25 per share, upsized from 7,000,000 shares. The offering is set to close on March 3, 2021. JELD-WEN will repurchase 800,000 shares from the offering, enhancing shareholder value. The company will not receive any proceeds from the sale by the selling shareholders. Goldman Sachs & Co. LLC is the sole underwriter. Details can be found in the registration statement filed with the SEC.

JELD-WEN announced a secondary offering of 7,000,000 shares by selling shareholders Onex Corporation and its affiliates. JELD-WEN will not receive proceeds from this sale. However, the company plans to repurchase 800,000 shares from the offering at the purchase price set by underwriters. This move aims to reduce the share count available to the public to 6,200,000 shares, potentially enhancing shareholder value. Goldman Sachs is the sole underwriter for the offering.

JELD-WEN announced a mixed ruling from the U.S. Court of Appeals for the Fourth Circuit regarding its litigation with Steves and Sons. The court upheld the district court's order for divestiture of JELD-WEN's Towanda, Pennsylvania facility but vacated a $139.4 million lost-profits award to Steves, stating the claim was premature. JELD-WEN intends to appeal the divestiture ruling while continuing to protect its trade secrets in a separate Texas lawsuit. The company aims to maintain its operational focus during the ongoing legal challenges.

JELD-WEN Holding, Inc. (NYSE: JELD) reported Q4 2020 net revenue of $1,151.3 million, a 7.7% increase, and net income of $43.2 million, compared to $7.8 million in Q4 2019. With an adjusted EBITDA of $115.4 million, up 29.4%, the company achieved significant margin expansion across all segments, particularly North America, which saw a 310 basis points increase. Full-year cash flow from operations stood at $355.7 million, with record liquidity of $1,121.5 million. The 2021 outlook anticipates 4.0% to 7.0% revenue growth.