Jeld-Wen reports Q3 adjusted EPS 32c, consensus 40c

Reports Q3 revenue $934.7M, consensus $990.75M. “We continue to make progress on our transformation journey, expecting $115 million of Adjusted EBITDA in 2024 from our efforts, which positions JELD-WEN (JELD) for future success,” said Chief Executive Officer William Christensen. “Market conditions continue to deteriorate which have significantly impacted volume/mix in the near-term. In response, we continue to work diligently to align our costs with the softer market conditions while also preparing for future growth. I am proud of our associates for their dedication in implementing the necessary changes in this challenging environment.”