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JELD-WEN Holding, Inc. manufactures and distributes interior and exterior doors, windows and related building products for new construction and repair and remodeling markets. Its news centers on operating results, guidance, segment performance in North America and Europe, and demand indicators such as volume/mix, price-cost trends and foreign exchange.
Company updates also cover cost-reduction actions, portfolio reviews involving regional businesses, governance and financial reporting leadership, and the brand portfolio that includes JELD-WEN, LaCantina, VPI, Swedoor and DANA.
JELD-WEN Holding, Inc. reported its Q1 2022 results, highlighting net revenue of $1,171.0 million, a 7.2% increase year-over-year, driven by 10% core revenue growth. The company faced a net loss of $0.5 million, a significant drop from net income of $25.5 million in Q1 2021, attributed to rising raw material, freight, and labor costs. Adjusted EBITDA fell 18.0% to $80.2 million. Despite these challenges, JELD-WEN remains optimistic about future growth, emphasizing strong order books and margin expansion initiatives.
JELD-WEN Holding, a global leader in building products, announced that CEO Gary S. Michel will participate in upcoming investor conferences. The schedule includes:
- Wells Fargo Industrials Conference on May 4 at 8:00 a.m. ET
- Goldman Sachs Industrials and Materials Conference on May 11 at 11:20 a.m. ET
- J.P. Morgan Homebuilding and Building Products Conference on May 16 at 9:45 a.m. ET
JELD-WEN has launched its new Auraline® line of composite windows and patio doors, now in production, aimed at filling a market gap for sustainable building products. With around 40% of dealers lacking composite options, Auraline is designed to meet increasing demand for energy-efficient and design-focused materials. The composite material combines wood fiber and synthetic polymers, offering enhanced durability and energy efficiency, featuring a glass package that is over 35% more efficient than standard options. Rapid expansion is anticipated throughout 2022.
JELD-WEN Holding, a global manufacturer of building products, will announce its first quarter 2022 results on May 2, 2022, before the market opens. A conference call will follow at 8 a.m. ET to discuss the earnings. Investors can access the call via webcast or by calling (888) 330-2446 with the conference ID 1285715. A replay will be available on the company's website approximately two hours after the call concludes. JELD-WEN specializes in high-performance windows and doors, focusing on providing energy-efficient products.
Serta Simmons Bedding announced the appointment of John Linker as Chief Financial Officer and Shoukat Ali Bhamani as Chief Technology Officer. Linker brings over 25 years of finance experience, most recently from JELD-WEN, while Bhamani has a strong background in technology leadership. Both will report to Shelley Huff, the CEO, and aim to drive growth and innovation within SSB. Linker begins on April 4, 2022, while Bhamani joined in March.
JELD-WEN Holding, Inc. (NYSE:JELD) announced the resignation of CFO John Linker effective April 1, 2022, to pursue another opportunity. David Guernsey, currently EVP and president of JELD-WEN Europe, will serve as acting CFO. Additionally, Bill Christensen will join as EVP and president of JELD-WEN Europe on the same date. Christensen, with over 25 years of experience in senior management roles, has previously led transformation efforts at REHAU AG. The leadership transition aims to continue JELD-WEN's focus on customer-centric growth and sustainability efforts.
JELD-WEN Holding reported impressive financial results for 2021, with net revenue of $4.772 billion, a 12.7% increase year-over-year. The fourth quarter net revenue rose 11.8% to $1,286.9 million, driven by core revenue growth of 12%. Despite a decrease in net income to $42.1 million due to inflation pressures, the company remains optimistic with a 2022 outlook projecting revenue growth of 7% to 10% and adjusted EBITDA of $520 million to $565 million.
JELD-WEN Holding, based in Charlotte, N.C., will participate in several investor conferences in February and March 2022. CEO Gary S. Michel will engage in a fireside chat at the Barclays Industrials Select Conference on February 23, 2022, at 2:25 p.m. EST. CFO John Linker will host virtual meetings at the Wolfe Research Real Estate Conference on March 1, and he will also participate in a fireside chat at the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 2, 2022, at 10:45 a.m. EST. Additional details, including audio webcasts, will be available on their investor relations website.
JELD-WEN Holding, Inc. (NYSE: JELD) will release its fourth quarter and full year 2021 results before the market opens on February 22, 2022. A conference call to discuss these results is scheduled for 8 a.m. EST on the same day. Interested parties can access the call via webcast on the company’s Investor Relations page or by dialing (888) 330-2446 with conference ID 1285715. A replay will be available shortly after the live event.
On December 2, 2021, JELD-WEN unveiled innovations in its IWP® Aurora® Custom Fiberglass Doors to meet rising consumer demand due to strong new home sales and renovations. According to market research, the door systems market is expected to grow in the coming years, driven by evolving lifestyles and technology. JELD-WEN's new luxury fiberglass doors mimic real wood, offering customization options and durability. The company emphasizes the importance of exterior doors in creating a lasting impression, enhancing curb appeal. The refreshed line features various styles and finishes, catering to diverse consumer preferences.