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JELD-WEN Inc (JELD)
NYSE:JELD
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.06Last Year’s EPS
$0.37Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -43.67%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Negative
The earnings call reflected significant challenges due to declining revenues and EBITDA, an unexpected mix shift, and the loss of a major customer. Despite these issues, there were positive notes on exceeding cost-saving targets and ongoing strategic initiatives. However, the overall sentiment was negatively impacted by the substantial revisions in guidance and persistent market headwinds.Company Guidance
During the JELD-WEN Third Quarter 2024 Earnings Call, the company provided guidance that reflects a challenging market environment with significant mix and volume impacts. The revised 2024 net revenue guidance is now expected to range from $3.7 billion to $3.75 billion, down from the previous forecast of $3.9 billion to $4.1 billion. This adjustment is largely due to a deeper core revenue decline, anticipated at 13% to 14%, compared to the prior estimate of 5% to 9% decline. Furthermore, JELD-WEN has lowered its adjusted EBITDA guidance for the year to between $265 million and $280 million, down from the previous range of $340 million to $380 million. The company is continuing to focus on cost-saving measures, expecting to achieve $115 million in savings this year, and anticipates generating an additional $100 million in EBITDA improvements in 2025 through its transformation projects. Despite the current challenges, JELD-WEN is positioning itself for improved performance when market conditions stabilize, with plans to optimize its footprint and enhance operational efficiency.Cost Savings Exceed Expectations
The company exceeded its targeted cost savings for the year, initially projected at $100 million, and now expected to be approximately $115 million.
Strategic Initiatives and Investments
The company continues to focus on strategic initiatives including footprint consolidation, operational efficiency, and new customer acquisition efforts which are showing positive results.
Productivity Improvements
Despite headwinds, significant productivity improvements were achieved year-over-year, contributing to profit.
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JELD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JELD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $14.13 | $9.92 | -29.79% |
| Aug 05, 2024 | $14.68 | $14.63 | -0.34% |
| May 06, 2024 | $19.04 | $14.34 | -24.68% |
| Nov 06, 2023 | $12.32 | $14.50 | +17.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does JELD-WEN Inc (JELD) report earnings?
JELD-WEN Inc (JELD) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is JELD-WEN Inc (JELD) earnings time?
JELD-WEN Inc (JELD) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JELD EPS forecast?
JELD EPS forecast for the fiscal quarter 2024 (Q4) is -$0.06.
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