NYSE$JELD

JELD-WEN Holding Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong demand and price realization.

JELD-WEN's Q3 2021 results showed a net revenue increase of 3.0% to $1,146.6 million, net income of $40.5 million, and EPS of $0.41. The company overcame challenges including labor constraints and supply chain issues to meet customer demand.

  • Net revenue increased by 3.0% to $1,146.6 million, driven by a 2% increase in core revenue.
  • Price realization accelerated to 7%, including 10% in the North America segment.
  • Strong order and backlog growth in each segment, and record book-to-bill in North America segment.
  • Repurchased approximately 8 million shares in the quarter for $221.1 million.

Headline financials

Total Revenue

$1.15B

Previous: $1.11B+3.0%
EPS (adj)

$0.45

Previous: $0.52-13.5%
Capital Expenditures

-$59.2M

Previous: -$50.6M-16.8%
Free Cash Flow

-$18.6M

Previous: -$25.1M+26.0%
Net Income

$40.5M

Previous: $25.5M+59.1%
Operating Income

$53.7M

Previous: $61.6M-12.8%
Gross Profit

$228M

Previous: $245M-6.9%
Cash & Equivalents

$444M

Previous: $606M-26.7%
Total Assets

$3.83B

Previous: $3.85B-0.7%
Stock-Based Comp

$6.33M

Previous: $2.77M+128.7%

Revenue & EPS history

JELD-WEN · Revenue · Quarterly

$1.15B

Q3 2021+3%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

JELD-WEN · $999M total across 2 segments · Q3 2021

  • North America
    $677M+2.1%
  • Europe
    $323M+3.7%

Forward guidance

JELD-WEN expects to deliver revenue and earnings growth in the fourth quarter, consistent with the updated full year outlook. Pricing actions are expected to more than offset material and freight inflation in both the fourth quarter and full year 2021.

Tailwinds

  • Healthy backlog.
  • Accelerating order activity.
  • Improving throughput.
  • Pricing actions will more than offset material and freight inflation in both the fourth quarter and full year 2021.
  • Well-positioned to accelerate growth given favorable end market demand and internal investments in innovation and new product offerings.

Headwinds

  • Inflation remains a headwind.
  • Higher material and freight inflation.
  • COVID-19 pandemic impact on the company and our employees, customers, and suppliers.
  • Risks associated with operations, labor availability, and supply chain continuity.
  • Assumes no new 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 Q3 2021

Historical avgQ3 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

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