Jeld-Wen reports Q1 adjusted EPS (17c), consensus (19c)

Reports Q1 revenue $776.0M, consensus $769.74M. “While market conditions remained very challenging during the first quarter, they developed mostly as expected,” said CEO William Christensen. “We continued to execute our transformation, removing cost and improving focus across the business. However, the pace of market deterioration continues to outweigh the benefits of our cost actions. We are beginning to see signs of improvement in our quality and service levels, and we expect further gains in the second quarter. In today’s rapidly evolving macro environment, visibility is limited, but I remain proud of our team’s hard work and dedication through the difficult circumstances we’ve been working to navigate. We remain committed to partnering with our customers and positioning the business for long-term success.”