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Dec 31, 2020
JELD-WEN Q4 2020 Earnings Report
Delivered revenue growth and margin expansion.
Key Takeaways
JELD-WEN Holding, Inc. reported strong Q4 2020 results with net revenue increasing by 7.7% to $1,151.3 million and net income of $43.2 million. Adjusted EBITDA increased by 29.4% to $115.4 million, with EPS at $0.42 and adjusted EPS at $0.45. The company achieved its highest rate of core revenue and adjusted EBITDA growth since 2017 and generated record full-year free cash flow.
Net revenue increased by 7.7% to $1,151.3 million, driven primarily by a 5% increase in core revenue.
Adjusted EBITDA increased by 29.4% to $115.4 million.
Core adjusted EBITDA margin increased 190 basis points, including margin expansion in all three reporting segments.
Full year 2020 free cash flow improved $92.2 million to a record $258.8 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Net revenue growth expected to be within a range of 4.0% to 7.0%. Adjusted EBITDA anticipated to be within a range of $480 million to $520 million. Projected capital expenditures are expected to be within a range of $135 million to $145 million.
Positive Outlook
- Revenue growth from the acceleration of housing demand in our primary markets
- Improved product mix
- Increased pricing
- A small positive impact from foreign exchange
- Margin expansion from volume, pricing, and productivity
Challenges Ahead
- Higher expenses related to inflation
- Higher expenses related to SG&A
- No new COVID-19 lockdowns or restrictions
- Unfavorable impact our operations, labor availability
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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