NYSE$JELD
JELD-WEN Holding Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Announced results for the quarter and year ended December 31, 2022.
JELD-WEN's fourth quarter net revenue increased by 3.5% to $1,331.4 million, driven by 9% core revenue growth, while net income decreased to $33.6 million, or $0.40 per share. Adjusted EPS was $0.47, and Adjusted EBITDA was $99.6 million with a margin of 7.5%. The company is taking actions to improve execution and address cost structure amidst softening demand in end markets.
- Net revenue increased 3.5% to $1,331.4 million, driven by 9% Core Revenue growth.
- Net income was $33.6 million, or $0.40 per share, compared to $42.1 million, or $0.45 per share, in the same quarter last year.
- Adjusted EPS was $0.47, compared to $0.53 in the same quarter a year ago.
- Adjusted EBITDA was $99.6 million, compared to $120.1 million during the same quarter a year ago, with margins contracting by 180 basis points to 7.5%.
Headline financials
Revenue & EPS history
JELD-WEN · Revenue · Quarterly
$1.33B
Revenue by segment
JELD-WEN · $1.18B total across 2 segments · Q4 2022
- North America$863M+11.7%73.2%
- Europe$316M-12.1%26.8%
Forward guidance
The Company expects 2023 net revenue of $4.5 to $4.9 billion which reflects a low double digit decline in volume/mix across its portfolio of products and geographies. Core Revenues are forecasted to be down 4-8% as carry-forward price realization partially offsets lower market demand. Further, the Company expects 2023 Adjusted EBITDA to be within the range of $360 to $400 million driven by lower year-over-year volumes and the non-recurrence of certain Other Income items partially offset by improved productivity and cost reductions.
Tailwinds
- Carry-forward price realization partially offsets lower market demand.
- Improved productivity.
- Cost reductions.
- Capital expenditures are forecasted to be slightly higher year-over-year with approximately half focused on productivity activities
- Capital expenditures are forecasted to be slightly higher year-over-year with approximately the other half spent on maintenance.
Headwinds
- Low double digit decline in volume/mix across its portfolio of products and geographies.
- Core Revenues are forecasted to be down 4-8%.
- Lower year-over-year volumes.
- Non-recurrence of certain Other Income items.
- Uncertainty regarding the future performance of the global economy, the continuing conflict in Ukraine, ongoing disruptions in global supply chains, and potential changes in raw material prices and other costs
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 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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