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. (NYSE: JELD) delivers essential updates through this dedicated news hub for investors and industry professionals. Track official announcements including quarterly earnings, product innovations, and strategic initiatives from the global leader in door/window manufacturing.
This resource consolidates press releases, regulatory filings, and market analyses related to JELD-WEN's operations across residential/commercial construction sectors. Users gain efficient access to critical developments about manufacturing expansions, sustainability initiatives, and leadership changes.
Key content includes financial performance updates, partnership announcements, and operational milestones. Stay informed about the company's progress in energy-efficient building solutions and global market expansion strategies.
Bookmark this page for real-time updates on JELD-WEN's product launches, industry certifications, and responses to construction market trends. Verify all investment hypotheses with primary-source information from the company itself.
JELD-WEN Holding, Inc. (NYSE: JELD) has announced plans to offer $350 million in senior unsecured notes due 2032 through a private placement. The company intends to use the proceeds to redeem all outstanding 4.625% Senior Notes due 2025 and partially repay borrowings under its term loan facility. The new notes will be guaranteed by JELD-WEN, Inc. and its domestic subsidiaries that guarantee the term loan facility. The offering is to qualified institutional buyers and certain non-U.S. persons, subject to Rule 144A and Regulation S under the Securities Act. The notes will not be registered and cannot be offered or sold in the U.S. without registration or an applicable exemption.
JELD-WEN Holding, Inc. (NYSE: JELD) reported its Q2 2024 results, showing a 12.4% decrease in net revenues to $986.0 million. The company experienced a net loss of $18.5 million ($0.22 per share) compared to a net income of $22.5 million ($0.26 per share) in Q2 2023. Adjusted EBITDA from continuing operations decreased by $24.0 million to $84.8 million, with a margin of 8.6%. The decline was primarily due to lower volume/mix and negative price/cost factors. JELD-WEN maintained its 2024 revenue guidance of $3.9 to $4.1 billion but lowered its Operating Cash Flow guidance to approximately $200 million from $225 million previously.
JELD-WEN Holding, Inc. (NYSE: JELD) has released its 2023 Environmental, Social and Governance (ESG) report, highlighting progress towards its 2050 sustainability goals. CEO William J. Christensen emphasized the importance of sustainability in the company's transformation efforts. Key initiatives include:
1. Net zero greenhouse gas emissions: Five European facilities now use 100% renewable energy.
2. Zero manufacturing waste to landfill: The Pottsville, Pennsylvania site reduced landfill waste by 56%.
3. 100% recycled or sustainably harvested materials: Swedoor brand in Denmark started a door recycling project.
4. 100% global sourcing of sustainable or certified wood: Achieved 35% globally, a 24% improvement from 2021.
The report aligns with SASB, GRI, and TCFD standards, demonstrating JELD-WEN's commitment to environmental stewardship and sustainable practices.
JELD-WEN, a leading global manufacturer of building products, announced it will release its second quarter 2024 financial results on August 5, 2024. The company will host a conference call to discuss these results on August 6, 2024, at 8 a.m. EDT. Investors and interested parties can access the call via webcast on the Investor Relations section of the company's website or by dialing specific phone numbers provided. A replay will be available on the website approximately two hours after the call concludes.
JELD-WEN Holding announced the appointment of Samantha L. Stoddard as the new EVP and Chief Financial Officer, effective July 1, 2024. Stoddard, who currently serves as North America CFO and head of global financial planning and analysis, will succeed Julie C. Albrecht. Albrecht will step down on June 30, 2024, and remain in an advisory role for a smooth transition. Stoddard has been with JELD-WEN since 2020 and previously held senior finance roles at Honeywell and other companies. CEO William J. Christensen praised her leadership and expertise, indicating confidence in her ability to contribute to the company's strategy of simplification and value creation.
JELD-WEN Holding, Inc. reported first-quarter 2024 results with net revenues declining by 11.2% to $959.1 million, driven by lower volume/mix due to weak macro-economic conditions. The company posted a net loss of $(27.7) million, or $(0.32) per share, compared to a profit during the same period last year. Adjusted EBITDA decreased to $68.7 million. The company updated its full-year 2024 guidance, lowering revenue expectations to $3.9-$4.1 billion with a 5-9% decline in Core Revenues compared to 2023. Adjusted EBITDA is expected to be $340-$380 million due to a softened macro-environment.
FAQ
What is the current stock price of Jeld Wen Holding (JELD)?
What is the market cap of Jeld Wen Holding (JELD)?
