Jeld-Wen reports Q3 adjusted EPS (20c), consensus 14c

Reports Q3 revenue $809.5M, consensus $823.64M. “Q3 results fell short of our expectations due to persistent market headwinds and price-cost pressures,” said CEO William Christensen. “Actions are underway to confront market realities head-on and strengthen our foundation for long-term value creation. We are focused on accelerating operational improvements, while rebalancing our North American and Corporate workforce by approximately 11% in the near-term to create runway for future growth. As we look ahead, we are initiating a strategic review of our European segment to ensure we are best positioned for long-term success. Despite marketplace challenges and slower-than-anticipated macro recovery, we remain focused on strengthening performance, serving our customers and building a more resilient foundation for the future.”