JELD-WEN Q3 2024 Earnings Report
Key Takeaways
JELD-WEN's Q3 2024 net revenues decreased by 13.2% to $934.7 million, driven by a decline in Core Revenue. The company reported a net loss of $73.0 million, or ($0.86) per share, compared to a net income of $16.9 million, or $0.20 per share, in the same quarter last year. Adjusted EBITDA was $81.6 million, a decrease of ($24.1) million year-over-year.
Net revenues decreased by (13.2%) due to a (13%) decline in Core Revenue.
Net loss was ($73.0) million, or ($0.86) per share, compared to net income of $16.9 million, or $0.20 per share, last year.
Adjusted EBITDA was $81.6 million, a decrease of ($24.1) million year-over-year.
The company continues to align costs with softer market conditions and prepare for future growth.
JELD-WEN
JELD-WEN
JELD-WEN Revenue by Segment
JELD-WEN Revenue by Geographic Location
Forward Guidance
JELD-WEN is lowering its 2024 revenue guidance to a range of $3.7 to $3.75 billion and its Adjusted EBITDA guidance to a range of $265 to $280 million. The company now expects 2024 operating cash flow to be approximately $125 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income