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JELD-WEN Reports Fourth Quarter and Full Year 2024 Results
- JELD-WEN reported net revenues of $895.7 million in Q4 2024, a 12.3% decrease compared to the previous year, driven by weak macroeconomic conditions and a demand shift to entry-level products.
- The company experienced a net loss of $68.4 million in Q4 2024, compared to a net loss of $22.6 million during the same period last year.
- For the full year 2024, JELD-WEN's net revenues were $3,775.6 million, also reflecting a 12.3% decline, with a net loss of $187.6 million compared to a net income of $25.2 million in 2023.
- JELD-WEN expects 2025 revenue guidance to be between $3.2 and $3.4 billion.
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The Newnan Times-Herald+25 Reposted by 25 other sources
JELD-WEN Reports Fourth Quarter and Full Year 2024 Results
CHARLOTTE, N.C., Feb. 17, 2025 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) ("JELD-WEN" or the "Company") today announced results for the quarter and year ended December 31, 2024. Comparability is to the same period in the prior year and all…
JELD-WEN Faces Revenue Hurdles but Surpasses Expectations: What's Next?
JELD-WEN’s Q4 revenue decreased by 12.3% to $895.7 million but exceeded Wall Street expectations by 5.8%. The company faces reduced demand and projects full-year revenue guidance to be 3.8% below market projections. Challenges include fluctuating raw material costs and variable interest rates in the construction sector. Average annual sales have contracted by 2.5% over the past five years, highlighting ongoing demand issues. Profit losses have b…
Coverage Details
Total News Sources28
Leaning Left2Leaning Right2Center18Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
C 82%
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