NYSE$JELD
JELD-WEN Holding Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Announced results for the second quarter of 2022, with net revenue increasing but profitability impacted by cost inflation and softening retail demand.
JELD-WEN reported a 6.8% increase in net revenue for Q2 2022, driven by core revenue growth, but experienced a decrease in net income and adjusted EBITDA due to significant cost inflation and softening retail demand in North America and Europe.
- Net revenue increased 6.8% for the second quarter driven by 11% core revenue growth.
- Realized 12% pricing to mitigate significant cost inflation.
- Adjusted EBITDA decreased 15.1% in the second quarter to $125.8 million.
- Repurchased 5.2 million shares in the first six months or approximately 6% of total shares outstanding at year-end 2021.
Headline financials
Revenue & EPS history
JELD-WEN · Revenue · Quarterly
$1.33B
Revenue by segment
JELD-WEN · $1.18B total across 2 segments · Q2 2022
- North America$839M+13.4%71.2%
- Europe$340M-2.8%28.8%
Forward guidance
JELD-WEN revised its 2022 outlook due to foreign exchange translation headwinds and market headwinds, lowering the adjusted EBITDA guidance while maintaining core revenue growth expectations.
Tailwinds
- Core revenue growth remains at approximately 10%.
- Full year 2022 capital expenditures are expected to be within a range of $90 million to $110 million, compared to the previous outlook of $130 million to $150 million.
- New share repurchase authorization to purchase up to $200 million of the company's common stock.
- The company expects to fund repurchases through cash on hand and cash generated from operations.
- Confident in strategy to deliver profitable growth and focused on operational excellence, world-class innovation and exceptional customer service.
Headwinds
- Revenue growth is revised to a range of 4% to 6% from a previous range of 7% to 10% due to foreign exchange translation headwinds.
- Adjusted EBITDA is lowered to a range of $430 million to $450 million from previous outlook of $520 million to $565 million.
- Significant cost inflation impacted profitability more than anticipated.
- Softening retail demand in North America and Europe impacted profitability more than anticipated.
- Market headwinds are likely to persist through year-end.
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 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
| Quarter | Report date | Reaction (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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