Jeld Wen Holding Stock Price, News & Analysis

JELD-WEN Holding, Inc. (NYSE:JELD) updated its outlook for full year 2021, anticipating revenue growth of 10% to 12%, down from the previous 12% to 14% due to labor constraints and supply chain disruptions. Adjusted EBITDA is now expected to be between $470 million and $490 million, compared to an earlier estimate of $510 million to $535 million. Despite these challenges, demand remains strong across all segments, with a record book-to-bill ratio in North America. The third quarter earnings release is scheduled for November 1, 2021.

JELD-WEN Holding, Inc. (NYSE: JELD) announced a secondary offering of 14,883,094 shares, managed by Onex Corporation and affiliates. JELD-WEN will not sell shares or receive proceeds from the offering. However, the company intends to repurchase approximately $200,000,000 of its common stock from this offering. The share price will match what underwriters pay for the shares. J.P. Morgan Securities LLC serves as the sole underwriter. The offering is registered under an automatic shelf statement filed with the SEC.

JELD-WEN Holding, Inc. (NYSE: JELD) has appointed Colleen Penhall as vice president of global corporate communications. With over 20 years of experience, Penhall previously served as chief communications and marketing officer at UNC Charlotte and held leadership roles at Lowe's and Bank of America. She will report to Tim Craven, executive vice president of human resources, and is expected to enhance the company's communication strategy as it continues its growth trajectory.

JELD-WEN Holding, Inc. (NYSE:JELD) reported robust second-quarter results for 2021, with net revenue reaching $1,245.8 million, marking a 25.5% increase.

Net income surged to $60.7 million, up from $23.1 million year-over-year, while earnings per share climbed to $0.60. Core revenue growth was driven by a 19% increase, aided by strong volume and pricing. The company enhanced its share repurchase program to $400 million and successfully refinanced debt.

Outlook for 2021 was raised, anticipating 12% to 14% net revenue growth.

JELD-WEN Holding (NYSE:JELD) has announced participation in two upcoming virtual conferences. Chief Financial Officer John Linker will join the Jefferies Virtual Industrials Conference on August 3, 2021, at 8:30 a.m. EDT. Meanwhile, President and CEO Gary S. Michel will participate in the Barclays Select Series on August 10, 2021, at 8:00 a.m. EDT. Audio webcasts for both events, along with replays, will be available on the company's investor relations website.

JELD-WEN Holding, Inc. (NYSE: JELD) will announce its second quarter 2021 results on August 2, 2021, before market opening. A conference call is scheduled for 8 a.m. EDT that day to discuss the results. Investors can join the call via webcast on the company's Investor Relations page or by dialing (833) 921-1640 with conference ID 2193734. A replay will be available on the website shortly after the call concludes.

JELD-WEN Holding, Inc. (NYSE:JELD) announced that CFO John Linker will speak at the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 11:20 a.m. EDT. An audio webcast of the discussion will be available on their investor relations website. JELD-WEN is a major manufacturer of high-performance building products, offering a wide range of windows and doors. They emphasize energy efficiency and innovation, aiming to enhance customer productivity and promote sustainability.

JELD-WEN Holding, Inc. (NYSE: JELD) presented its growth strategy on May 18, 2021, at its first investor day. CEO Gary S. Michel emphasized the company's significant progress over the past three years and its robust franchise. The JELD-WEN Excellence Model (JEM) is central to its transformation and growth, focusing on a superior customer experience and productivity enhancements. CFO John Linker outlined 2025 financial targets and capital allocation priorities, while the company also highlighted its Environmental, Social, and Governance (ESG) goals, reinforcing its commitment to sustainability.

JELD-WEN Holding, Inc. (NYSE: JELD) announced a secondary offering of 10,000,000 shares, managed by Onex Corporation and affiliated funds. The company will not sell any shares or receive proceeds from the offering. However, JELD-WEN plans to repurchase 1,000,000 shares from the offering at the underwriter's price. This leaves 9,000,000 shares available for the public. J.P. Morgan Securities LLC is the sole underwriter. The offering follows a previously filed automatic shelf registration with the SEC.