NYSE$JELD

JELD-WEN Holding Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported accelerated revenue growth with fourth quarter 2021 results and established 2022 outlook with strong growth and margin expansion.

JELD-WEN Holding, Inc. announced fourth quarter net revenue of $1,286.9 million, net income of $42.1 million, and adjusted EBITDA of $120.1 million. The company's net revenue increased 11.8% driven by improvement in pricing and volume/mix.

  • Net revenue increased 11.8% for the fourth quarter driven by improvement in pricing and volume/mix
  • Core revenue grew 10% in 2021, with growth in each segment
  • Adjusted EBITDA increased 4.2% for the full year to $465.1 million
  • Repurchased 11.6 million shares in 2021 or approximately 11.5% of total shares outstanding at year-end 2020

Headline financials

Total Revenue

$1.29B

Previous: $1.15B+11.8%
EPS (adj)

$0.48

Previous: $0.45+6.7%
Capital Expenditures

$24.4M

Previous: $27.1M-9.7%
Free Cash Flow

$189M

Previous: $259M-27.1%
Net Income

$42.1M

Previous: $43.2M-2.5%
Operating Income

$68.2M

Previous: $61.8M+10.4%
Gross Profit

$219M

Previous: $244M-10.1%
Cash & Equivalents

$396M

Previous: $736M-46.2%
Total Assets

$3.74B

Previous: $3.96B-5.7%
Stock-Based Comp

-$500K

Previous: $4.74M-110.6%

Revenue & EPS history

JELD-WEN · Revenue · Quarterly

$1.29B

Q4 2021+11.8%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

JELD-WEN · $1.13B total across 2 segments · Q4 2021

  • North America
    $773M+15.1%
  • Europe
    $360M+7.7%

Forward guidance

Full year 2022 net revenue growth expected to be within a range of 7% to 10%. Adjusted EBITDA expected to be within a range of $520 million to $565 million.

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 expenses
  • Impact of potential acquisitions or divestitures
  • 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 Q4 2021

Historical avgQ4 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