Welcome to our dedicated page for Jeld Wen Holding news (Ticker: JELD), a resource for investors and traders seeking the latest updates and insights on Jeld Wen Holding stock.
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 reported third quarter 2020 net revenue of $1,112.9 million, an increase of 1.9% year-over-year, alongside net income of $25.5 million and an adjusted EBITDA of $130.7 million. Notably, the adjusted EPS rose to $0.52, marking a 97.7% increase compared to last year. Free cash flow improved significantly, totaling $143.7 million. The company anticipates full-year adjusted EBITDA between $435 million and $450 million, contingent upon stable COVID-19 conditions. JELD-WEN emphasized operational strength and increased demand in residential markets.