Jeld-Wen reports Q1 adjusted EPS (50c), consensus (29c)

Reports Q1 revenue $722.1M, consensus $720.01M. “Q1 results were in line with our expectations as we continue to navigate the challenging demand environment and focus on service investments that improve how we support our customers,” said CEO William J. Christensen. “We are seeing meaningful improvement in our delivery and consistency, and customers are beginning to recognize the difference. While there is more work to do, we believe these actions are positioning us for improved sales and earnings. At the same time, we remain focused on disciplined cost management, preserving cash, and strengthening liquidity.”