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Dec 31, 2021
JELD-WEN Q4 2021 Earnings Report
Reported accelerated revenue growth with fourth quarter 2021 results and established 2022 outlook with strong growth and margin expansion.
Key Takeaways
JELD-WEN Holding, Inc. announced fourth quarter net revenue of $1,286.9 million, net income of $42.1 million, and adjusted EBITDA of $120.1 million. The company's net revenue increased 11.8% driven by improvement in pricing and volume/mix.
Net revenue increased 11.8% for the fourth quarter driven by improvement in pricing and volume/mix
Core revenue grew 10% in 2021, with growth in each segment
Adjusted EBITDA increased 4.2% for the full year to $465.1 million
Repurchased 11.6 million shares in 2021 or approximately 11.5% of total shares outstanding at year-end 2020
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Full year 2022 net revenue growth expected to be within a range of 7% to 10%. Adjusted EBITDA expected to be within a range of $520 million to $565 million.
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 expenses
- Impact of potential acquisitions or divestitures
- 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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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