Overview

* JELD-WEN ( JELD ) Q2 revenue down 16.5% yr/yr, beating analyst expectations, per LSEG data

* Co posted net loss from continuing operations of $22.3 mln, up from last year

Outlook

* JELD-WEN ( JELD ) reinstates 2025 revenue guidance of $3.2 bln to $3.4 bln

* Company expects adjusted EBITDA between $170 mln and $200 mln for 2025

* JELD-WEN ( JELD ) sees core revenue decline of 4% to 9% in 2025 vs 2024

* Company anticipates operating cash flow to be an approximate $10 mln use of cash

Result Drivers

* CORE REVENUES DECLINE - Driven by a 14% decrease in volume/mix, partially offset by 1% price realization

* DIVESTITURE IMPACT - 5% revenue decrease due to court-ordered divestiture of Towanda

* MARKET SOFTNESS - European revenues affected by 10% volume/mix decline

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $823.70 $808.90

Revenue mln mln (10

Analysts

)

Q2 EPS -$0.25

Q2 Net -$21.50

Income mln

Q2 4.7%

Adjusted

EBITDA

Margin

Q2 -$13.90

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

* Wall Street's median 12-month price target for JELD-WEN Holding Inc ( JELD ) is $4.06, about 9.4% below its August 4 closing price of $4.44

* The stock recently traded at 98 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)