JELD-WEN ( (JELD) ) has released its Q4 earnings. Here is a breakdown of the information JELD-WEN presented to its investors.
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JELD-WEN Holding, Inc. is a global manufacturer and distributor of high-performance doors, windows, and related building products, operating primarily in the new construction and remodeling sectors across North America and Europe. The company recently released its financial results for the fourth quarter and the full year of 2024, highlighting a challenging year characterized by decreased revenues and increased losses due to weak macro-economic conditions and significant impairment charges.
JELD-WEN reported a 12.3% decline in net revenues from continuing operations for both the fourth quarter and full year 2024, compared to the previous year. The company faced a net loss from continuing operations of $68.4 million in the fourth quarter, significantly greater than the $22.6 million loss in the same period of the prior year. This loss was influenced by a goodwill impairment charge related to a court-ordered divestiture and increased costs associated with the company’s ongoing transformation efforts.
The company’s Adjusted EBITDA from continuing operations also saw a significant decrease, falling to $40.1 million in the fourth quarter, a decline of 53.6% from the previous year. For the full year, Adjusted EBITDA was $275.2 million, down from $380.4 million in 2023. JELD-WEN attributed the declines to lower sales volumes and unfavorable market conditions, partially mitigated by cost reductions and productivity improvements.
Looking ahead, JELD-WEN has outlined its guidance for 2025, anticipating revenue to be in the range of $3.2 to $3.4 billion, with an Adjusted EBITDA between $215 to $265 million. The company remains focused on its transformation initiatives and is optimistic about capitalizing on opportunities as market conditions improve, aiming to enhance its operational strength and customer partnerships.
