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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.
JELD-WEN announced its Q2 2022 financial results, reporting net revenue of $1.331 billion, a 6.8% increase year-over-year, driven by 11% core revenue growth. However, net income fell to $45.8 million from $60.7 million due to cost inflation. Adjusted EBITDA decreased 15.1% to $125.8 million. The company announced a $200 million share repurchase authorization, but revised its full-year revenue growth outlook to 4%-6% from 7%-10%. Management acknowledged challenges from inflation and lower retail demand but remains confident in long-term growth strategies.
JELD-WEN Holding, a global building products manufacturer, announced the release of its second quarter 2022 results before market opening on August 1, 2022. A conference call will follow at 8 a.m. ET to discuss these results. Interested parties can access the call through the investor relations section of the company’s website or by phone. The company's focus remains on providing durable and energy-efficient products to enhance productivity for construction professionals.
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JELD-WEN has launched its new Auraline® True Composite line of windows and patio doors, designed to meet market demands for an alternative to traditional vinyl and wood. This innovative product offers the beauty of wood while providing greater durability and ease of maintenance. The Auraline line features GREENGUARD Gold certification and is twice as rigid as vinyl, promoting better strength and aesthetics. With up to 28% more visible glass and nearly 40% greater energy efficiency than standard options, Auraline aims to fulfill a critical gap for homebuilders and homeowners nationwide.
JELD-WEN Holding, Inc. (NYSE:JELD) announced the appointment of Julie C. Albrecht as the new Executive Vice President and Chief Financial Officer, effective July 18, 2022. Albrecht joins from Sonoco, where she served as CFO with 2021 sales of $5.6 billion. She replaces interim CFO David Guernsey, who will take on a different leadership role. With over 30 years of experience in finance, Albrecht aims to enhance JELD-WEN's financial performance and growth strategy, focusing on market share and shareholder value.
JELD-WEN has appointed John T. Krause as Senior Vice President and General Manager for North America, effective May 25, 2022. He will replace Daniel Castillo, who is departing the company. Krause brings over 25 years of experience in management, marketing, finance, and operations, previously leading the North America windows business. CEO Gary S. Michel praised Krause's track record and emphasized the company’s focus on enhancing customer experience and driving revenue growth.
JELD-WEN Holding, Inc. reported its Q1 2022 results, highlighting net revenue of $1,171.0 million, a 7.2% increase year-over-year, driven by 10% core revenue growth. The company faced a net loss of $0.5 million, a significant drop from net income of $25.5 million in Q1 2021, attributed to rising raw material, freight, and labor costs. Adjusted EBITDA fell 18.0% to $80.2 million. Despite these challenges, JELD-WEN remains optimistic about future growth, emphasizing strong order books and margin expansion initiatives.
JELD-WEN Holding, a global leader in building products, announced that CEO Gary S. Michel will participate in upcoming investor conferences. The schedule includes:
- Wells Fargo Industrials Conference on May 4 at 8:00 a.m. ET
- Goldman Sachs Industrials and Materials Conference on May 11 at 11:20 a.m. ET
- J.P. Morgan Homebuilding and Building Products Conference on May 16 at 9:45 a.m. ET
JELD-WEN has launched its new Auraline® line of composite windows and patio doors, now in production, aimed at filling a market gap for sustainable building products. With around 40% of dealers lacking composite options, Auraline is designed to meet increasing demand for energy-efficient and design-focused materials. The composite material combines wood fiber and synthetic polymers, offering enhanced durability and energy efficiency, featuring a glass package that is over 35% more efficient than standard options. Rapid expansion is anticipated throughout 2022.
JELD-WEN Holding, a global manufacturer of building products, will announce its first quarter 2022 results on May 2, 2022, before the market opens. A conference call will follow at 8 a.m. ET to discuss the earnings. Investors can access the call via webcast or by calling (888) 330-2446 with the conference ID 1285715. A replay will be available on the company's website approximately two hours after the call concludes. JELD-WEN specializes in high-performance windows and doors, focusing on providing energy-efficient products.