NYSE$JELD

JELD-WEN Holding Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter net revenue increase driven by core revenue growth, but earnings were negatively impacted by inflation.

JELD-WEN Holding, Inc. reported a net revenue increase of 7.2% for the first quarter of 2022, driven by a 10% core revenue growth. However, the company experienced a net loss of $0.5 million, with adjusted EPS of $0.16, as earnings were negatively impacted by significant raw material, freight, and labor inflation.

  • Net revenue increased 7.2% driven by 10% core revenue growth.
  • Core revenue growth experienced for seven consecutive quarters, including growth in each segment.
  • Realized 12% pricing to mitigate raw material and freight inflation.
  • Adjusted EBITDA decreased 18.0% to $80.2 million due to inflation.

Headline financials

Total Revenue

$1.17B

Previous: $1.09B+7.2%
EPS (adj)

$0.16

Previous: $0.27-40.7%
Adjusted EBITDA from continuing operations

$80.2M

No prior period
Adjusted EBITDA Margin from continuing operations

6.9%

No prior period
Capital Expenditures

-$15.4M

Previous: -$17.9M+14.0%
Free Cash Flow

-$15.9M

Previous: $7.59M-309.6%
Net Income

-$528K

Previous: $25.5M-102.1%
Operating Income

$10.3M

Previous: $43.5M-76.3%
Gross Profit

$203M

Previous: $236M-13.8%
Cash & Equivalents

$266M

Previous: $613M-56.7%
Total Assets

$3.84B

Previous: $3.98B-3.7%
Stock-Based Comp

$9.66M

Previous: $6.86M+41.0%

Revenue & EPS history

JELD-WEN · Revenue · Quarterly

$1.17B

Q1 2022+7.2%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

JELD-WEN · $1.05B total across 2 segments · Q1 2022

  • North America
    $722M+12.9%
  • Europe
    $323M+0.9%

Forward guidance

JELD-WEN remains confident in its ability to deliver its 2022 and long-term financial commitments, focusing on driving above-market growth through innovative products and margin expansion opportunities.

Tailwinds

  • Strong order books
  • Solid end market demand
  • Initiatives in progress to drive profitable growth
  • Introduction of innovative new products
  • Strategic margin expansion opportunities

Headwinds

  • Material increases in raw material inflation
  • Material increases in freight inflation
  • Material increases in labor inflation
  • Potential acquisitions or divestitures impact
  • New COVID-19 lockdowns or restrictions

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-3.7%

Avg return

Earnings day

-4.5%

Avg return

5 days after

-5.7%

Avg return

30 days after

29%

12 / 41 earnings

Positive

+18.4%

Q4 2025

Best reaction

-30.4%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+15.8%+22.3%+44.6%
Q4 2025+18.4%-3.8%-41.0%
Q3 2025-30.4%-38.3%-37.9%
Q1 2025-25.2%-24.9%-31.3%
Q4 2024-23.3%-32.4%-29.7%
Q3 2024-30.3%-23.0%-23.7%
Q2 2024-4.6%-7.7%-11.7%
Q1 2024-28.5%-27.4%-24.4%
Q4 2023-5.4%-4.4%+0.3%
Q3 2023+14.5%+13.0%+33.1%
Q2 2023-7.6%-9.0%-23.6%
Q1 2023+17.6%+15.8%+26.7%
Q4 2022+0.2%-0.4%-7.2%
Q3 2022-0.6%-8.6%-0.2%
Q2 2022-10.7%-20.5%-37.3%
Q1 2022-10.2%-11.2%-8.7%
Q4 2021-9.1%-1.9%-6.4%
Q3 2021-5.7%-0.5%-11.5%
Q2 2021+1.2%+6.0%+5.2%
Q1 2021-2.9%-4.9%-10.1%
Q4 2020-5.5%-4.4%-0.5%
Q3 2020+9.7%-0.2%+6.1%
Q2 2020+14.3%+17.0%+1.8%
Q1 2020-6.6%+6.3%+39.1%
Q4 2019-12.2%-13.2%-66.9%
Q3 2019+8.9%+13.7%+24.1%
Q2 2019-8.6%-9.5%-15.1%
Q1 2019-4.1%-1.6%-8.3%
Q4 2018+15.6%+13.9%-1.8%
Q3 2018-2.1%+3.7%+0.7%
Q2 2018-13.1%-9.8%-9.3%
Q1 2018-5.4%-5.1%-2.5%
Q4 2015-1.8%+2.5%-3.5%
Q4 2017-10.9%-11.4%-15.8%
Q3 2017+1.4%+1.6%+7.1%
Q2 2017-2.7%-8.8%+3.3%
Q3 2016-0.9%-6.5%-1.3%
Q2 2016-0.9%-6.5%-1.3%
Q1 2016-0.9%-6.5%-1.3%
Q1 2017-0.5%-1.5%-3.6%
Q4 2016+3.2%+4.4%+9.2%
Q3 2015
Q2 2015
Q1 2015

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