Jeld-Wen Holding Inc. is a leading manufacturer and supplier of doors and windows, providing high-quality building products that cater to residential and commercial construction markets. The company offers a diverse range of products, including interior and exterior doors, windows, and related building materials, emphasizing design, performance, and energy efficiency. With a strong focus on innovation and customer service, Jeld-Wen collaborates closely with architects, builders, and contractors to deliver custom solutions that enhance the aesthetic appeal and functionality of various spaces. Key to their operations is a commitment to sustainability and responsible manufacturing practices, aligning their offerings with modern environmental standards.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the home construction materials stocks, including Simpson (NYSE:SSD) and its peers.
Shares of building products manufacturer JELD-WEN (NYSE:JELD) fell 31.1% in the morning session after the company reported weak third-quarter earnings. Revenue and EPS in the quarter missed by a meaningful amount. Sales fell 13% year on year due to weaker market demand and a shift to entry-level products.
Building products manufacturer JELD-WEN (NYSE:JELD) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 13.2% year on year to $934.7 million. The company’s full-year revenue guidance of $3.73 billion at the midpoint came in 4.6% below analysts’ estimates. Its non-GAAP profit of $0.32 per share was also 20.7% below analysts’ consensus estimates.
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