NYSE$JELD
JELD-WEN Holding Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
JELD-WEN's financial performance declined due to weak macroeconomic conditions and demand shifts, but progress was made in streamlining operations.
JELD-WEN reported a decrease in net revenues by 12.4% to $986.0 million, driven by a decline in Core Revenue. Net loss from continuing operations was ($18.5) million, compared to a net income of $22.5 million in the same quarter last year. Adjusted EBITDA decreased to $84.8 million with a margin of 8.6%. The company is maintaining its full-year revenue and Adjusted EBITDA guidance but trending towards the low end of the range.
- Net revenues decreased by (12.4%) due to a (12%) Core Revenue decline from lower volume/mix.
- Net loss from continuing operations was ($18.5) million, compared to net income of $22.5 million in the prior year.
- Adjusted EBITDA decreased to $84.8 million, with Adjusted EBITDA Margin declining by (110) basis points to 8.6%.
- The company repurchased 1.6 million shares at an average price of $15.18.
Headline financials
Revenue & EPS history
JELD-WEN · Revenue · Quarterly
$986M
Revenue by segment
JELD-WEN · $1.08B total across 2 segments · Q3 2023
- North America$790M-5.4%73.4%
- Europe$287M-6.0%26.6%
Forward guidance
JELD-WEN is maintaining its 2024 revenue guidance to a range of $3.9 to $4.1 billion and Adjusted EBITDA in the range of $340 to $380 million. However, both of these metrics are currently trending towards the low end of the range due to increasing macroeconomic weakness. The Company is lowering its 2024 Operating Cash Flow guidance to approximately $200 million from $225 million previously.
Tailwinds
- Revenue guidance maintained at $3.9 to $4.1 billion.
- Adjusted EBITDA guidance maintained at $340 to $380 million.
Headwinds
- Revenue and Adjusted EBITDA trending towards the low end of guidance range.
- Operating Cash Flow guidance lowered to approximately $200 million from $225 million.
- Increasing macroeconomic weakness is impacting performance.
- A higher end-of-year inventory assumption.
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 2024
-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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