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Mar 26, 2022
JELD-WEN Q1 2022 Earnings Report
Reported first quarter net revenue increase driven by core revenue growth, but earnings were negatively impacted by inflation.
Key Takeaways
JELD-WEN Holding, Inc. reported a net revenue increase of 7.2% for the first quarter of 2022, driven by a 10% core revenue growth. However, the company experienced a net loss of $0.5 million, with adjusted EPS of $0.16, as earnings were negatively impacted by significant raw material, freight, and labor inflation.
Net revenue increased 7.2% driven by 10% core revenue growth.
Core revenue growth experienced for seven consecutive quarters, including growth in each segment.
Realized 12% pricing to mitigate raw material and freight inflation.
Adjusted EBITDA decreased 18.0% to $80.2 million due to inflation.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
JELD-WEN remains confident in its ability to deliver its 2022 and long-term financial commitments, focusing on driving above-market growth through innovative products and margin expansion opportunities.
Positive Outlook
- Strong order books
- Solid end market demand
- Initiatives in progress to drive profitable growth
- Introduction of innovative new products
- Strategic margin expansion opportunities
Challenges Ahead
- Material increases in raw material inflation
- Material increases in freight inflation
- Material increases in labor inflation
- Potential acquisitions or divestitures impact
- New COVID-19 lockdowns or restrictions
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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