NYSE$JELD

JELD-WEN Holding Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Delivered revenue growth and margin expansion.

JELD-WEN Holding, Inc. reported strong Q4 2020 results with net revenue increasing by 7.7% to $1,151.3 million and net income of $43.2 million. Adjusted EBITDA increased by 29.4% to $115.4 million, with EPS at $0.42 and adjusted EPS at $0.45. The company achieved its highest rate of core revenue and adjusted EBITDA growth since 2017 and generated record full-year free cash flow.

  • Net revenue increased by 7.7% to $1,151.3 million, driven primarily by a 5% increase in core revenue.
  • Adjusted EBITDA increased by 29.4% to $115.4 million.
  • Core adjusted EBITDA margin increased 190 basis points, including margin expansion in all three reporting segments.
  • Full year 2020 free cash flow improved $92.2 million to a record $258.8 million.

Headline financials

Total Revenue

$1.15B

Previous: $1.07B+7.7%
EPS (adj)

$0.45

Previous: $0.24+87.5%
Adjusted EBITDA from continuing operations

$115M

Previous: $89.2M+29.4%
Adjusted EBITDA Margin from continuing operations

10.0%

Previous: 8.4%+19.0%
Capital Expenditures

$27.1M

Previous: $25.1M+7.8%
Free Cash Flow

$259M

Previous: $113M+129.6%
Net Income

$43.2M

Previous: $7.8M+453.8%
Operating Income

$61.8M

Previous: $37.8M+63.5%
Gross Profit

$244M

Previous: $200M+21.8%
Cash & Equivalents

$736M

Previous: $226M+225.6%
Total Assets

$3.96B

Previous: $3.38B+17.3%
Stock-Based Comp

$4.74M

Previous: $2.73M+73.5%

Revenue & EPS history

JELD-WEN · Revenue · Quarterly

$1.15B

Q4 2020+7.7%vs Q4 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

JELD-WEN · $1.01B total across 2 segments · Q4 2020

  • North America
    $672M+4.5%
  • Europe
    $334M+14.9%

Forward guidance

Net revenue growth expected to be within a range of 4.0% to 7.0%. Adjusted EBITDA anticipated to be within a range of $480 million to $520 million. Projected capital expenditures are expected to be within a range of $135 million to $145 million.

Tailwinds

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

Headwinds

  • Higher expenses related to inflation
  • Higher expenses related to SG&A
  • No new COVID-19 lockdowns or restrictions
  • Unfavorable impact our operations, labor availability
  • 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 Q4 2020

Historical avgQ4 2020

-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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