JELD-WEN Posts 11c Adjusted Loss Per Share in Q2
JELD sits 75% above its 52-week low of $0.925.
Summary
JELD-WEN reported an adjusted loss of 11 cents per share for the second quarter. This follows a sharp decline in Q1 Adjusted EBITDA and a warning in May that operational cash flows are unlikely to cover $400 million in debt due 2027. The continued losses deepen concerns about the company's ability to service its near-term obligations. With a market cap around $124 million and a stock price near $1.60, the financial position remains precarious. No specific upcoming catalysts were mentioned.
At the time of this announcement, JELD was trading at $1.62 on NYSE in the Manufacturing sector, with a market capitalization of approximately $124.1M. The 52-week trading range was $0.93 to $6.98. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.