JELD-WEN Q1 2021 Earnings Report
Key Takeaways
JELD-WEN reported a strong start to 2021, with net revenue increasing by 11.6% to $1,092.4 million and net income of $25.5 million, compared to a net loss of $0.2 million in the same quarter last year. Adjusted EBITDA increased by 31.4% to $97.9 million, and EPS was $0.25, compared to $0.00 for the same quarter last year.
Net revenue increased by 11.6% to $1,092.4 million, including a 6% increase in core revenue.
Adjusted EBITDA increased by 31.4% to $97.9 million, while adjusted EBITDA margins expanded 140 basis points.
Core revenue increased in all three reporting segments, driven by favorable price and volume/mix.
Increased full year outlook for revenue and adjusted EBITDA.
JELD-WEN
JELD-WEN
JELD-WEN Revenue by Segment
JELD-WEN Revenue by Geographic Location
Forward Guidance
JELD-WEN updated 2021 Outlook. Net revenue growth expected to be within a range of 8.0% to 11.0%, compared to 4.0% to 7.0% previously. Adjusted EBITDA anticipated to be within a range of $505 million to $535 million, up from $480 million to $520 million previously.
Revenue & Expenses
Visualization of income flow from segment revenue to net income