Fourth Quarter 2024 Results February 18, 2025 Speakers Bill Christensen CEO Samantha Stoddard CFO Disclosures Certain statements in this presentation, including our guidance and business strategies, are forward- looking statements that involve risk, uncertainty and assumptions, and are based on information as of February 18, 2025. Actual results may differ materially from those set forth in such statements. For a discussion of these risks and uncertainties, you should review our Annual Report on Form 10-K, ...

Core Insights - JELD-WEN is expected to report a quarterly loss of $0.07 per share, reflecting a decline of 118.9% year-over-year [1] - Analysts forecast revenues of $843.77 million, indicating a decrease of 17.4% compared to the previous year [1] - The consensus EPS estimate has been revised 22.2% lower in the last 30 days, showing a reevaluation of initial estimates by analysts [1][2] Revenue Estimates - 'Revenues- Europe' are expected to be $229.20 million, representing a year-over-year decline of 16.2% [4] - 'Revenues- North America' are projected at $614.54 million, indicating a decrease of 17.8% from the same quarter last year [4] EBITDA Estimates - Estimated 'Adjusted EBITDA- North America' is $41.60 million, down from $94.20 million in the same quarter last year [5] - 'Adjusted EBITDA- Europe' is expected to reach $8.15 million, compared to $15.50 million in the previous year [5] Stock Performance - JELD-WEN shares have changed by +3.9% in the past month, compared to a +4.2% move of the Zacks S&P 500 composite [6] - The company holds a Zacks Rank 5 (Strong Sell), indicating expectations of underperformance relative to the overall market [6]

Core Points - JELD-WEN Holding, Inc. has completed the sale of its Towanda, Pennsylvania business to Woodgrain Inc. for a purchase price of $115 million, in compliance with a court-ordered divestiture [1] Company Overview - JELD-WEN Holding, Inc. is a global designer, manufacturer, and distributor of high-performance building products, including interior and exterior doors and windows, serving both new construction and repair and remodeling sectors [2] - The company is based in Charlotte, North Carolina, operates in 15 countries across North America and Europe, and employs approximately 18,000 associates [2] - JELD-WEN's brand portfolio includes JELD-WEN®, LaCantina®, VPI™, Swedoor®, and DANA® [2]

Core Viewpoint - JELD-WEN Holding, Inc. will release its fourth quarter 2024 results on February 17, 2025, followed by a conference call on February 18, 2025, at 8 a.m. EST to discuss the results [1] Company Overview - JELD-WEN Holding, Inc. is a leading global designer, manufacturer, and distributor of high-performance interior and exterior doors, windows, and related building products [3] - The company serves both the new construction and repair and remodeling sectors and is based in Charlotte, North Carolina [3] - JELD-WEN operates facilities in 15 countries across North America and Europe, employing approximately 18,000 associates [3] - The company's brand portfolio includes JELD-WEN®, LaCantina®, VPI™, Swedoor®, and DANA® [3]

JELD-WEN Holding, Inc. (JELD) , a leading global building products manufacturer, announced the sale of its Towanda facility, PA and related assets to Woodgrain Inc. for approximately $115 million.This transaction is part of a court-ordered divestiture process. The sale is expected to close by Dec. 31, 2024, subject to adjustments and closing conditions.JELD’s Transformation and Impact of Towanda Facility SaleJELD-WEN sees strong opportunities to improve its operations and drive long-term success through thi ...

JELD-WEN Proceeds to Close Divestiture Transaction CHARLOTTE, N.C., Dec. 16, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) ("JELD-WEN" or the "Company"), a leading global manufacturer of building products, today announced that, in compliance with the court-ordered divestiture of its Towanda, Pennsylvania business and related assets (collectively, "Towanda"), JELD-WEN has entered into an asset purchase agreement for the sale of Towanda to Woodgrain Inc. ("Woodgrain") for approximately $115 million ...

My previous investment thought for JELD-WEN Holding (NYSE: JELD ) (published in September) was a hold rating because I had a bearish outlook for the housing market in the US, and demand is unlikely to turn betterI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ultimate ...

Investors in JELD-WEN Holding, Inc. (JELD) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $7.50 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...

JELD-WEN (JELD) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this company would post earnings of $0.27 per share when it actually produced earnings of $0.34, delivering a surprise of 25.93%.Over the last four quarters, the company has surpa ...

Financial Performance - Net revenues from continuing operations for Q3 2024 were $934.7 million, a decrease of 13.2% compared to $1,077.0 million in Q3 2023[3]. - Net loss from continuing operations was $73.0 million, or $0.86 per share, compared to net income of $16.9 million, or $0.20 per share in the same quarter last year[4]. - Adjusted EBITDA from continuing operations was $81.6 million, a decline of $24.1 million from $105.7 million in Q3 2023, with an Adjusted EBITDA Margin of 8.7%[6]. - North America segment net revenue was $677.9 million, down 14.2%, while Europe segment net revenue was $256.8 million, down 10.4%[7]. - Total consolidated net revenues for the nine months ended September 28, 2024, were $2,879.9 million, a decrease of 12.3% compared to $3,283.3 million for the same period in 2023[50]. - Adjusted EBITDA from continuing operations for North America was $211.6 million, down 26.5% from $288.0 million in the prior year[50]. - Adjusted EBITDA from continuing operations for Europe decreased by 22.4%, from $66.0 million to $51.2 million[50]. Guidance and Projections - The company is lowering its 2024 revenue guidance to a range of $3.7 to $3.75 billion, reflecting a Core Revenue decline of 13% to 14% compared to 2023[9]. - Expected 2024 Adjusted EBITDA is now projected to be between $265 million and $280 million, down from previous guidance[10]. Cash Flow and Expenses - Net cash flow provided by operations for the first nine months of 2024 was $78.0 million, a decrease of $195.0 million compared to $273.0 million in the same period last year[8]. - Capital expenditures in the first nine months of 2024 increased to $118.0 million, up from $80.4 million in the same period of 2023[9]. - Free Cash Flow for the nine months ended September 28, 2024, was $(40.0) million, compared to $192.6 million for the same period in 2023[47]. - The company reported a net cash used in investing activities of $106.4 million for the nine months ended September 28, 2024, compared to a net cash provided of $298.8 million in the same period of 2023[29]. Impairments and Special Items - The company reported a non-cash goodwill impairment charge of $63.4 million impacting the Europe segment's performance[4]. - The company incurred special items totaling $106.0 million, including $63.4 million for goodwill impairment and $25.5 million for restructuring and asset-related charges[34]. - Goodwill impairment recorded for the nine months ended September 28, 2024, was $63.4 million, with no impairment reported in the prior year[27]. Shareholder Impact - Adjusted EPS from continuing operations for Q3 2024 was $0.32, down from $0.53 in Q3 2023, excluding significant after-tax charges related to the transformation journey[5]. - The diluted loss per share from continuing operations was $(0.86) for the three months ended September 28, 2024, compared to earnings of $0.20 per share in the same period last year[34]. - The company reported a total of 85,630,545 weighted average diluted shares used in the adjusted EPS calculation for the three months ended September 28, 2024[35]. Debt and Liabilities - Total debt as of September 28, 2024, was $1,210.7 million, down from $1,226.3 million as of December 31, 2023[48]. - Net Debt as of September 28, 2024, was $1,002.2 million, compared to $938.0 million at the end of 2023[48]. - Net Debt Leverage increased to 3.1x as of September 28, 2024, compared to 2.5x at the end of 2023[48]. Operational Performance - Operating loss for the nine months ended September 28, 2024, was $(75.5) million, a decline of 156.3% compared to an operating income of $134.1 million for the same period in 2023[27]. - Adjusted EBITDA from continuing operations for the nine months ended September 28, 2024, was $235.2 million, down 20.0% from $293.9 million in the prior year[27]. - The North America segment reported income of $35.8 million, while Europe reported a loss of $(66.7) million for the three months ended September 28, 2024[39]. Tax and Legal Matters - The company recognized a tax impact of $(7.4) million related to special items for the three months ended September 28, 2024[34]. - The tax special items for the nine months ended September 28, 2024, included $12.1 million related to uncertain tax positions from audits dating back to 2015[37]. - The company incurred $49.8 million in net legal and professional expenses and settlements in the nine months ended September 28, 2024, compared to $13.6 million in the same period of 2023[30]. Future Plans - The company plans to continue focusing on restructuring efforts and managing special items to improve future performance[36].