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.
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On April 17, 2023, Platinum Equity announced its acquisition of JELD-WEN's Australasia windows and doors business for approximately $461 million. The deal is expected to be finalized in the third quarter of 2023, pending regulatory approvals. With around 5,000 employees and 41 manufacturing locations across Australia, Malaysia, and Indonesia, JELD-WEN Australasia boasts well-known brands like Corinthian® and Stegbar®. Platinum Equity emphasizes its capability in managing corporate carve-outs, aiming to maximize the potential of JELD-WEN's Australasia operations. The investment is positioned to enhance market dynamics and customer solutions in a competitive housing market.
On April 17, 2023, JELD-WEN Holding (NYSE: JELD) announced the completion of its strategic review for its Australasia business, agreeing to sell it to Platinum Equity for approximately AU$688 million (around US$461 million) before tax. This sale represents about 11% of JELD-WEN's global revenue and includes 41 manufacturing locations across Australia, Malaysia, and Indonesia, employing roughly 5,000 people. The transaction, expected to close in the third quarter of 2023, aims to streamline operations and reduce debt. JELD-WEN will report the Australasia business as discontinued in its second fiscal quarter following closure.
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JELD-WEN Holding, Inc. (NYSE: JELD) announced that it will release its first quarter 2023 results after market close on May 8, 2023. A conference call to discuss the results is scheduled for 8 a.m. ET on May 9, 2023. Investors can access the call via webcast on the company's investor relations website or by dialing 888-330-2446 in the U.S. or +1-240-789-2732 internationally, using conference ID 1285715. A replay of the call will be available shortly after its conclusion.
JELD-WEN specializes in high-performance building products, offering a variety of windows, doors, and wall systems to enhance productivity and sustainability.