JELD-WEN Posts $798.5M in Third-Quarter Revenue
JELD sits 30% above its 52-week low of $0.925.
Summary
JELD-WEN reported third-quarter revenue of $798.5M, a slight decline that came in a bit worse than expected on lower volumes, along with a loss of $17.2M, or 20 cents a share, and adjusted EPS of 5 cents. The company continues to expect full-year 2026 Adjusted EBITDA of $120M to $150M and sees full-year revenue of $3.1B-$3.2B. It is mid-way through a balance-sheet overhaul: it launched the exchange of $400 million of 4.875% 2027 notes into secured 2031 notes yielding 10.500%-11.500% on October 29, and CFO Samantha Stoddard departs effective November 13. JELD-WEN said it is retaining its European business, with a focus on operational improvements and cost reductions, which it called the best opportunity to create long-term value. With the stock at $1.20 and a micro-cap valuation, the margin and cash-flow detail will still drive the debate.
At the time of this announcement, JELD was trading at $1.20 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $104.1M. The 52-week trading range was $0.93 to $4.40. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.