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Sep 25, 2021
JELD-WEN Q3 2021 Earnings Report
Reported strong demand and price realization.
Key Takeaways
JELD-WEN's Q3 2021 results showed a net revenue increase of 3.0% to $1,146.6 million, net income of $40.5 million, and EPS of $0.41. The company overcame challenges including labor constraints and supply chain issues to meet customer demand.
Net revenue increased by 3.0% to $1,146.6 million, driven by a 2% increase in core revenue.
Price realization accelerated to 7%, including 10% in the North America segment.
Strong order and backlog growth in each segment, and record book-to-bill in North America segment.
Repurchased approximately 8 million shares in the quarter for $221.1 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
JELD-WEN expects to deliver revenue and earnings growth in the fourth quarter, consistent with the updated full year outlook. Pricing actions are expected to more than offset material and freight inflation in both the fourth quarter and full year 2021.
Positive Outlook
- Healthy backlog.
- Accelerating order activity.
- Improving throughput.
- Pricing actions will more than offset material and freight inflation in both the fourth quarter and full year 2021.
- Well-positioned to accelerate growth given favorable end market demand and internal investments in innovation and new product offerings.
Challenges Ahead
- Inflation remains a headwind.
- Higher material and freight inflation.
- COVID-19 pandemic impact on the company and our employees, customers, and suppliers.
- Risks associated with operations, labor availability, and supply chain continuity.
- Assumes no new 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