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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
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
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