JELD-WEN Holding Inc. (JELD) stock plummeted 5.04% in Wednesday's intraday trading session. The drop came after the company reported challenging 2024 financial results and provided a weaker outlook for 2025, citing continued softness in demand and persistent cost pressures.
JELD-WEN, a leading manufacturer of windows and doors, faced a 12% year-over-year decline in revenue for the fourth quarter of 2024, driven by lower core revenues reflecting market-driven volume declines across North America and Europe. The company's adjusted EBITDA for the quarter fell by $47 million from the prior year, primarily due to lower volume and mix, resulting in an adjusted EBITDA margin of just 4.5%.
Looking ahead, JELD-WEN expects net revenues to range between $3.2 billion and $3.4 billion in 2025, reflecting a projected 4% to 9% decline in core revenues. The company forecasts an adjusted EBITDA range of $215 million to $265 million, citing anticipated volume declines, ongoing cost pressures from labor and material inflation, and the impact of share losses and strategic business pruning in 2024. While JELD-WEN plans to implement cost reduction initiatives and continue its transformation efforts, the challenging market conditions and persistent cost headwinds are expected to weigh on its financial performance in the near term.
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