Shares of JELD-WEN Holding Inc. (JELD) plunged more than 7% in after-hours trading on Friday, following the release of the company's disappointing third-quarter financial results.
The window and door manufacturer reported a net loss of $74.4 million for the quarter, compared to a profit in the same period a year ago. The company's adjusted EBITDA margin also declined to 8.7%, reflecting ongoing cost pressures and supply chain challenges.
Perhaps most concerning for investors, JELD-WEN's revenue of $934.7 million fell short of analyst estimates of $990.8 million, suggesting weaker-than-expected demand for its products. The revenue miss, coupled with the significant net loss, raised concerns about the company's ability to navigate the current economic environment.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.