JELD-WEN Holding (JELD) Stock

I maintain a hold rating for JELD-WEN Holding due to ongoing weakness in the housing market and company-specific headwinds impacting near-term performance. JELD's 3Q24 results were disappointing, with revenue down 13.2% y/y and EBIT margin collapsing, leading to a downward revision in FY24 guidance. Persistent poor demand and macroeconomic conditions, coupled with company-specific issues, suggest no immediate recovery, making the stock likely to remain range bound.

JELD-WEN Holding, Inc. (NYSE:JELD ) Q3 2024 Earnings Conference Call November 5, 2024 8:00 AM ET Company Participants Bill Christensen - Chief Executive Officer Samantha Stoddard - EVP and Chief Financial Officer James Armstrong - Vice President, Investor Relations Conference Call Participants John Lovallo - UBS Phil Ng - Jefferies Steven Ramsey - Thompson Research Susan Maklari - Goldman Sachs Matthew Bouley - Barclays Zack Pacheco - Loop Capital Trevor Allison - Wolfe Research Mike Dahl - RBC Capital Markets Operator Ladies and gentlemen, thank you for standing by, and welcome to the JELD-WEN Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

JELD-WEN (JELD) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.53 per share a year ago.

CHARLOTTE, N.C. , Nov. 4, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) ("JELD-WEN" or the "Company") today announced results for the three and nine months ended September 28, 2024.

More infrastructure spending, a focus on product innovation and efficient cost management are encouraging for the Zacks Building Products - Wood industry players like TREX, LPX and JELD despite a challenging macroeconomic backdrop.

On September 30, 2024, Fuller & Thaler Asset Management, Inc. executed a significant transaction involving the shares of JELD-WEN Holding Inc (JELD, Financial). The firm decided to reduce its holdings by 2,892,370 shares, which resulted in a 37.34% decrease in their previous stake.

CHARLOTTE, N.C. , Sept. 26, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD), a leading global manufacturer of building products, announced today that it will release third quarter 2024 results on Monday, November 4, 2024.

CHARLOTTE, N.C. , Sept. 13, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) announced today that its subsidiary, JELD-WEN, Inc., completed the redemption of all $200 million aggregate principal amount of its outstanding 4.625% Senior Notes due 2025 for 100% of the principal amount thereof, plus accrued and unpaid interest.

CHARLOTTE, N.C. , Sept. 3, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD), today announced that it is unable to participate in the Jefferies Industrial Conference on Thursday, September 5, 2024, due to senior management testing positive for COVID-19.