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 (NYSE:JELD) has announced participation in two upcoming virtual conferences. Chief Financial Officer John Linker will join the Jefferies Virtual Industrials Conference on August 3, 2021, at 8:30 a.m. EDT. Meanwhile, President and CEO Gary S. Michel will participate in the Barclays Select Series on August 10, 2021, at 8:00 a.m. EDT. Audio webcasts for both events, along with replays, will be available on the company's investor relations website.
JELD-WEN Holding, Inc. (NYSE: JELD) will announce its second quarter 2021 results on August 2, 2021, before market opening. A conference call is scheduled for 8 a.m. EDT that day to discuss the results. Investors can join the call via webcast on the company's Investor Relations page or by dialing (833) 921-1640 with conference ID 2193734. A replay will be available on the website shortly after the call concludes.
JELD-WEN Holding, Inc. (NYSE:JELD) announced that CFO John Linker will speak at the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 11:20 a.m. EDT. An audio webcast of the discussion will be available on their investor relations website. JELD-WEN is a major manufacturer of high-performance building products, offering a wide range of windows and doors. They emphasize energy efficiency and innovation, aiming to enhance customer productivity and promote sustainability.
JELD-WEN Holding, Inc. (NYSE: JELD) presented its growth strategy on May 18, 2021, at its first investor day. CEO Gary S. Michel emphasized the company's significant progress over the past three years and its robust franchise. The JELD-WEN Excellence Model (JEM) is central to its transformation and growth, focusing on a superior customer experience and productivity enhancements. CFO John Linker outlined 2025 financial targets and capital allocation priorities, while the company also highlighted its Environmental, Social, and Governance (ESG) goals, reinforcing its commitment to sustainability.
JELD-WEN Holding, Inc. (NYSE: JELD) announced a secondary offering of 10,000,000 shares, managed by Onex Corporation and affiliated funds. The company will not sell any shares or receive proceeds from the offering. However, JELD-WEN plans to repurchase 1,000,000 shares from the offering at the underwriter's price. This leaves 9,000,000 shares available for the public. J.P. Morgan Securities LLC is the sole underwriter. The offering follows a previously filed automatic shelf registration with the SEC.
On May 4, 2021, JELD-WEN Holding (NYSE:JELD) announced an $8 million investment to open a new manufacturing facility in Statesville, North Carolina, aimed at expanding their VPI Quality Windows brand. This facility will enhance service capabilities for their multi-family and commercial customers and is expected to create up to 235 new jobs. The investment aligns with JELD-WEN's growth strategy in North America, particularly in energy-efficient solutions. In addition, a capacity expansion in North Wilkesboro is anticipated to generate further employment opportunities.
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.