Published 5 days ago • loading... • Updated 4 days ago

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.

Insights by Ground AI

Does this summary seem wrong?

28 Articles

All

Left

Center

Right

The Progress

+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…

5 days ago·Clearfield, United States

Read Full Article

The Standard-Journal

JELD-WEN: Q4 Earnings Snapshot

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — JELD-WEN Holding, Inc. (JELD) on Monday reported a loss of $68.4 million in its fourth quarter.

4 days ago·Milton, United States

Read Full Article

elblog.pl

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…

5 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year