JELD-WEN Holding, Inc. (JELD) Misses Q2 EPS by 49c; maintains guidance

JELD-WEN Holding, Inc. (NYSE: JELD) reported Q2 EPS of ($0.22), $0.49 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $986 million versus the consensus estimate of $1 billion.

GUIDANCE:

JELD-WEN Holding, Inc. sees FY2024 revenue of $3.9-4.1 billion, versus the consensus of $3.995 billion. which reflects Core Revenues that are down 5% to 9% compared to 2023. Further, the Company continues to expect that 2024 Adjusted EBITDA will be within the range of $340 to $380 million. However, both of these metrics are currently trending towards the low end of the range due to increasing macroeconomic weakness. Due to this trend, along with a higher end-of-year inventory assumption, the Company is lowering its 2024 Operating Cash Flow guidance to approximately $200 million from $225 million previously.

Conference Call Information

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

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