BUZZ-Jeld-Wen sinks after bigger-than-expected loss, grim annual guidance

Reuters
02-19
BUZZ-Jeld-Wen sinks after bigger-than-expected loss, grim annual guidance

** Shares of building products maker Jeld-Wen Holdings JELD.N sink 20% to $7.04, tracking record low close, after its bigger-than-expected loss, grim full-yr forecast

** Charlotte, North Carolina co late Mon posted Q4 adj loss of 10 cents, compared to profit of 37 cents a year ago, more than LSEG estimate of 6 cents/sh loss

** Rev in qtr fell 12% y/y to $895.7 mln, surpassing consensus of $861.7 mln

** On the earnings call, CEO William Christensen said market conditions remained challenging in Q4, adding co continues to see "consumers trading down and delaying large scale remodeling projects, which has impacted both our volume and mix"

** Christensen said he expects continued volatility in North America and significant uncertainty throughout 2025. "Potential tariffs, persistently high interest rates, and the possibility of renewed inflation all contribute to this uncertainty," he said

** For 2025, co projected rev of $3.2-$3.4 bln and adj EBITDA of $215-$265 mln. Street had called for rev of $3.52 mln and EBITDA of $281.9 mln

** Of 10 analysts covering JELD, recommendation breakdown is 8 "hold", 1 "sell" and 1 "strong sell"; median PT of $9.50 down from $11.50 three months ago

** With move on Tues, stock has shed nearly two-thirds of its value over the past year

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((llance.tupper@tr.com 1-646-279-6380 ))

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