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Jun 26, 2021
JELD-WEN Q2 2021 Earnings Report
Extended track record of revenue and earnings growth.
Key Takeaways
JELD-WEN Holding, Inc. announced results for the second quarter ended June 26, 2021, including net revenue of $1,245.8 million, net income of $60.7 million, and EPS of $0.60.
Net revenue increased by 25.5% to $1,245.8 million, including a 19% increase in core revenue
Gross profit increased 33.5% to $291.9 million and gross profit margin expanded 140 basis points to 23.4%
Adjusted EBITDA increased by 17.9% to $148.2 million
Repurchased 1,177,757 shares in the quarter for $33.7 million
JELD-WEN
JELD-WEN
JELD-WEN Revenue by Segment
JELD-WEN Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comEurope Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
Net revenue growth expected to be within a range of 12% to 14%, compared to 8.0% to 11.0% previously. Adjusted EBITDA anticipated to be within a range of $510 million to $535 million, compared to the previous range of $505 million to $535 million. Projected capital expenditures are expected to be within a range of $130 million to $140 million, unchanged from the previous outlook
Positive Outlook
- 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
Challenges Ahead
- Higher expenses related to material and freight inflation
- Higher SG&A
- The outlook does not include the impact of potential acquisitions or divestitures
- Assumes no new COVID-19 lockdowns or restrictions
- COVID-19 lockdowns or restrictions, which could unfavorably impact our operations, labor availability, and supply chain continuity
Revenue & Expenses
Visualization of income flow from segment revenue to net income