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.
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Shares of building products manufacturer JELD-WEN (NYSEJELD) 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 (NYSEJELD) 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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