NYSE$JELD

JELD-WEN Holding Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Extended track record of revenue and earnings growth.

JELD-WEN Holding, Inc. announced results for the second quarter ended June 26, 2021, including net revenue of $1,245.8 million, net income of $60.7 million, and EPS of $0.60.

  • Net revenue increased by 25.5% to $1,245.8 million, including a 19% increase in core revenue
  • Gross profit increased 33.5% to $291.9 million and gross profit margin expanded 140 basis points to 23.4%
  • Adjusted EBITDA increased by 17.9% to $148.2 million
  • Repurchased 1,177,757 shares in the quarter for $33.7 million

Headline financials

Total Revenue

$1.25B

Previous: $992M+25.5%
EPS (adj)

$0.59

Previous: $0.47+25.5%
Adjusted EBITDA from continuing operations

$148M

Previous: $126M+17.9%
Adjusted EBITDA Margin from continuing operations

11.9%

Previous: 12.7%-6.3%
Capital Expenditures

-$35.4M

Previous: $12.3M-387.4%
Free Cash Flow

$25.3M

Previous: $103M-75.3%
Net Income

$60.7M

Previous: $23.1M+162.8%
Operating Income

$102M

Previous: $50.1M+103.8%
Gross Profit

$292M

Previous: $219M+33.5%
Cash & Equivalents

$618M

Previous: $458M+35.1%
Total Assets

$4B

Previous: $3.7B+8.3%
Stock-Based Comp

$7.53M

Previous: $5.16M+45.8%

Revenue & EPS history

JELD-WEN · Revenue · Quarterly

$1.25B

Q2 2021+25.5%vs Q2 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

JELD-WEN · $1.09B total across 2 segments · Q2 2021

  • North America
    $740M+21.7%
  • Europe
    $350M+33.7%

Forward guidance

Net revenue growth expected to be within a range of 12% to 14%, compared to 8.0% to 11.0% previously. Adjusted EBITDA anticipated to be within a range of $510 million to $535 million, compared to the previous range of $505 million to $535 million. Projected capital expenditures are expected to be within a range of $130 million to $140 million, unchanged from the previous outlook

Tailwinds

  • Revenue growth from the acceleration in housing demand in our primary markets
  • Improved product mix
  • Increased pricing
  • A positive impact from foreign exchange
  • Margin expansion from volume, pricing, and productivity

Headwinds

  • Higher expenses related to material and freight inflation
  • Higher SG&A
  • The outlook does not include the impact of potential acquisitions or divestitures
  • Assumes no new COVID-19 lockdowns or restrictions
  • COVID-19 lockdowns or restrictions, which could unfavorably impact our operations, labor availability, and supply chain continuity

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 Q2 2021

Historical avgQ2 2021

-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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro