JELD-WEN Holding, Inc. (JELD) Tops Q4 EPS by 7c

JELD-WEN Holding, Inc. (NYSE: JELD) reported Q4 EPS of $0.45, $0.07 better than the analyst estimate of $0.38. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.1 billion.

Full Year 2021 Outlook

• 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

The 2021 outlook assumes revenue growth from the acceleration of housing demand in our primary markets, improved product mix, increased pricing, and a small positive impact from foreign exchange. The 2021 outlook also assumes margin expansion from volume, pricing, and productivity, partially offset by higher expenses related to inflation and SG&A.

"Despite the effects of the pandemic and other unique headwinds in 2020, we delivered strong financial performance through the disciplined deployment of JEM and strategies to expand our capability to serve customers," said Mr. Michel. "The momentum in growth and margin expansion, the strength of our balance sheet, and demand tailwinds from favorable market conditions, position us nicely to deliver further progress in 2021."

Full Year 2021 Outlook

• 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

The 2021 outlook assumes revenue growth from the acceleration of housing demand in our primary markets, improved product mix, increased pricing, and a small positive impact from foreign exchange. The 2021 outlook also assumes margin expansion from volume, pricing, and productivity, partially offset by higher expenses related to inflation and SG&A.

"Despite the effects of the pandemic and other unique headwinds in 2020, we delivered strong financial performance through the disciplined deployment of JEM and strategies to expand our capability to serve customers," said Mr. Michel. "The momentum in growth and margin expansion, the strength of our balance sheet, and demand tailwinds from favorable market conditions, position us nicely to deliver further progress in 2021."

For earnings history and earnings-related data on JELD-WEN Holding, Inc. (JELD) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c
• Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c