JELD-WEN(US:JELD)2024-11-05 16:12Financial Performance - Q3 2024 - Sales decreased to $935 million, a 13% decrease compared to $1,077 million in Q3 2023 [5] - Adjusted EBITDA decreased to $82 million, a 23% decrease compared to $106 million in Q3 2023 [5] - Adjusted EBITDA margin was 8.7%, a decrease of 110 bps compared to 9.8% in Q3 2023 [5] - North America net revenue decreased to $678 million from $790 million in the prior year, a 14% decrease [6] - Europe net revenue decreased to $257 million from $287 million in the prior year, a 12% decrease [6] Financial Performance - Year to Date (YTD) 2024 - Core revenue decreased by 12%, from $3,283 million to $2,880 million [24] - Adjusted EBITDA decreased to $235 million from $294 million [24] 2024 Guidance - Net revenue is projected to be $3.9 billion to $4.1 billion [13] - Core revenue is expected to be down 5% to 9% [13] - Adjusted EBITDA is projected to be $340 million to $380 million [13] - Free cash flow is expected to be $25 million to $50 million [15] Transformation Initiatives - Transformation projects are expected to contribute an additional $100 million of Adjusted EBITDA in 2025 [17] - Capital investments of approximately $175 million to $200 million are planned for transformation projects [17]