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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.
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.
JELD-WEN Holding, Inc. (NYSE: JELD) reported a 7.5% increase in full-year revenue, totaling $5.13 billion, due to 12% Core Revenue growth despite a 5% adverse foreign exchange impact. The fourth quarter net revenue rose 3.5% to $1.33 billion, with net income at $33.6 million or $0.40 per share. Full-year net income fell to $45.7 million or $0.53 per share, a decline from the prior year's $168.8 million. The company set its 2023 guidance, forecasting revenue between $4.5 billion and $4.9 billion amid expectations of declining demand across markets.
JELD-WEN Holding, Inc. (NYSE: JELD), a leading manufacturer of building products, will participate in the Barclays Industrial Select Conference on February 23, 2023. CEO William J. Christensen and CFO Julie C. Albrecht will engage in a fireside chat at 9:45 am ET. The live webcast will be accessible via investors.jeld-wen.com, with a replay available for 180 days post-event. JELD-WEN offers a diverse range of high-performance building products and emphasizes sustainability and customer satisfaction.
JELD-WEN Holding, Inc. (NYSE: JELD) will announce its fourth quarter and full year 2022 results on February 21, 2023, before market opening.
A conference call will be held at 8 a.m. ET the same day to discuss the results. Investors can access the call through a webcast or by dialing 888-330-2446 in the U.S. or +1-240-789-2732 internationally.
A replay will be available shortly after the call on the company's website. JELD-WEN specializes in durable, energy-efficient building products.
JELD-WEN Holding, Inc. has appointed William J. Christensen as CEO, effective immediately, following an extensive search process. Christensen, who previously served as EVP and President of JELD-WEN Europe, joined the company in April 2022. He has significant experience, having led major transformations at REHAU AG and Arbonia AG. Kevin C. Lilly, the interim CEO, will now become EVP of Global Transformation, overseeing enterprise initiatives and European operations. The leadership changes aim to enhance competitive positioning and drive value for stakeholders.
On November 15, 2022, JELD-WEN announced the appointment of James Armstrong as vice president of investor relations. With over 15 years of experience in investment analysis, Armstrong previously held a similar role at WestRock Company. He aims to enhance transparency and provide valuable insights to the investment community. Armstrong expressed enthusiasm for joining JELD-WEN, highlighting the company's competitive advantages and potential for increasing shareholder value. This strategic hire is expected to positively impact investor relations as the company evolves.
JELD-WEN Holding, Inc. (NYSE: JELD) reported a net revenue increase of 13.0% for Q3 2022, totaling $1,295.8 million, driven by 18% core revenue growth. However, the company faced a GAAP net loss of $33.2 million due to a $54.9 million goodwill impairment in the Europe segment. Adjusted earnings per share improved to $0.71, up from $0.45 a year prior. Full-year guidance for adjusted EBITDA has been revised down to $400-$420 million, reflecting ongoing challenges like inflation and supply chain disruptions.