Financial Performance - Net revenues from continuing operations for Q1 2024 were $959.1 million, a decrease of $121.4 million or 11.2% compared to $1,080.5 million in Q1 2023[4] - Net loss from continuing operations was $27.7 million, compared to a profit of $8.5 million in the same period last year, a decrease of $36.2 million[5] - Adjusted EBITDA from continuing operations was $68.7 million, a decline of $10.6 million compared to $79.3 million in Q1 2023, with an Adjusted EBITDA Margin of 7.2%[7] - North America net revenue was $680.0 million, a decline of $88.0 million or 11.5%, with an operating income margin of 2.9%[9] - Europe net revenue was $279.1 million, a decline of $33.4 million or 10.7%, with an operating income margin of 0.9%[9] - Total consolidated net revenues decreased by 11.2% to $959.1 million from $1,080.5 million year-over-year[49] - Adjusted EBITDA from continuing operations was $68.7 million, down 13.4% from $79.3 million in the prior year[49] Guidance and Expectations - Full year 2024 revenue guidance is lowered to a range of $3.9 to $4.1 billion, reflecting a Core Revenue decline of 5% to 9% compared to 2023[12] - Adjusted EBITDA for 2024 is expected to be within the range of $340 to $380 million, down from previous guidance[12] - Operating cash flow for 2024 is now expected to be approximately $225 million, reduced from the previous outlook of $250 million[13] Cash Flow and Expenses - Free Cash Flow used in Q1 2024 was $(45.7) million, compared to $(24.3) million in Q1 2023[11] - The company reported a net cash used in operating activities of $11.0 million for the quarter, compared to $0.7 million in the same period last year[36] - The company incurred $17.2 million in net legal and professional expenses and settlements during the quarter, significantly higher than $1.8 million in the same quarter last year[41] Assets and Liabilities - Cash and cash equivalents at the end of the period were $234.5 million, down from $288.3 million at the end of 2023[34] - Total assets decreased to $2,933.8 million from $2,980.1 million at the end of the previous year[34] - Total liabilities were $2,122.2 million, slightly down from $2,129.5 million at the end of 2023[34] - The company's total debt stood at $1,220.4 million, with net debt calculated at $985.9 million, resulting in a net debt leverage ratio of 2.7x[47] Restructuring and Charges - The company incurred restructuring and asset-related charges of $18.1 million, a significant increase of 94.9% from $9.3 million in the prior year[32] - The company's total debt stood at $1,220.4 million, with net debt calculated at $985.9 million, resulting in a net debt leverage ratio of 2.7x[47] Earnings Per Share - The diluted loss per share from continuing operations was $0.32, compared to earnings of $0.10 per share in the prior year[41] - Adjusted net income from continuing operations was $18.4 million, down from $21.6 million in the same quarter of 2023[41]

CHARLOTTE, N.C., May 6, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) ("JELD-WEN" or the "Company") today announced results for the three months ended March 30, 2024. Additionally, the Company has updated its full year 2024 guidance. Comparability is to the same period in the prior year and all periods presented reflect the Company's Australasia segment as a discontinued operation, as appropriate and unless otherwise noted. First Quarter Highlights Net revenues from continuing operations of $959 ...

JELD-WEN (JELD) shares soared 11.5% in the last trading session to close at $20.97. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.7% loss over the past four weeks.Jeld-Wen's rally is buoyed by optimism regarding the company’s ongoing productivity actions and cost savings efforts. Also, its focus on streamlining its business through initiatives like, transformation journey and divestiture bodes well. Recently, the company anno ...

Company will close two manufacturing facilities and streamline window product offerings as part of transformation journey CHARLOTTE, N.C., April 11, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) today announced actions to simplify its North America windows operations by closing its Vista, California, and Hawkins, Wisconsin, manufacturing facilities. Today's announcement is a further step in JELD-WEN's transformation journey to strengthen the foundation of the company and position itself for long ...

CHARLOTTE, N.C., April 2, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD), a leading global manufacturer of building products, announced today that it will release first quarter 2024 results on Monday, May 6, 2024. The company will hold a conference call to discuss the results at 8 a.m. EDT on Tuesday, May 7, 2024.  Interested investors and other parties can access the call either via webcast found on the Investor Relations section of the company's website at investors.JELD-WEN.com, or by dialing 8 ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are unde ...

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CHARLOTTE, N.C., Feb. 21, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD), a leading global manufacturer of building products, today announced the appointment of Antonella B. Franzen to its board of directors, effective March 1, 2024. Franzen will replace Suzanne Stefany, a JELD-WEN director since 2017, who notified the board of her decision to not stand for reelection. Antonella Franzen named to JELD-WEN Inc. board of directors. "Antonella brings extensive expertise in finance, strategic devel ...

CHARLOTTE, N.C., Feb. 19, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) ("JELD-WEN" or the "Company") today announced results for the quarter and year ended December 31, 2023 and established its full-year 2024 guidance. Comparability is to the same period in the prior year and all periods presented reflect the Company's Australasia segment as a discontinued operation, as appropriate and unless otherwise noted. Fourth Quarter Highlights Net revenues from continuing operations of $1,021.1 million ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-K __________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-38000 __________________________________ JELD-WEN Holding, In ...