Fourth Quarter 2024 Results February 18, 2025 Speakers Bill Christensen CEO Samantha Stoddard CFO Disclosures Certain statements in this presentation, including our guidance and business strategies, are forward- looking statements that involve risk, uncertainty and assumptions, and are based on information as of February 18, 2025. Actual results may differ materially from those set forth in such statements. For a discussion of these risks and uncertainties, you should review our Annual Report on Form 10-K, ...

Core Insights - JELD-WEN made significant progress in its transformation during 2024 despite challenging market conditions, focusing on delivering quality products on time [4] - The company reported a net revenue decline of 12.3% in Q4 2024 compared to the same period last year, primarily due to a decrease in Core Revenue and lower volume/mix [5][10] - The net loss from continuing operations for Q4 2024 was $68.4 million, a significant increase from a loss of $22.6 million in the same quarter last year, largely due to an impairment charge and increased transformation costs [6][10] Fourth Quarter Highlights - Net revenues from continuing operations for Q4 2024 were $895.7 million, down from $1,021.1 million in Q4 2023 [5][10] - Adjusted EBITDA from continuing operations was $40.1 million, a decline of $46.5 million compared to $86.5 million in the same quarter last year [8][10] - The adjusted EBITDA margin decreased to 4.5%, down 400 basis points year-over-year due to lower volume/mix and higher costs [8][10] Full Year Highlights - For the full year 2024, net revenues were $3,775.6 million, a decrease of 12.3% from $4,304.3 million in 2023 [10][32] - The company reported a net loss from continuing operations of $187.6 million, compared to a net income of $25.2 million in the prior year [10][32] - Adjusted EBITDA for the full year was $275.2 million, down from $380.4 million in 2023, with an adjusted EBITDA margin of 7.3% [10][33] Cash Flow and Capital Expenditures - Net cash provided by operating activities decreased to $106.2 million in 2024 from $345.2 million in 2023, primarily due to unfavorable changes in earnings [12] - Capital expenditures increased to $173.7 million in 2024, up from $110.9 million in 2023 [13] - Free cash flow used in 2024 was $67.5 million, compared to free cash flow provided of $234.3 million in 2023 [13] 2025 Guidance - JELD-WEN expects 2025 revenue to be in the range of $3.2 to $3.4 billion, reflecting a Core Revenue decline of 4% to 9% compared to 2024 [14][15] - The company anticipates 2025 adjusted EBITDA to be between $215 million and $265 million [14][15]

Core Insights - JELD-WEN is expected to report a quarterly loss of $0.07 per share, reflecting a decline of 118.9% year-over-year [1] - Analysts forecast revenues of $843.77 million, indicating a decrease of 17.4% compared to the previous year [1] - The consensus EPS estimate has been revised 22.2% lower in the last 30 days, showing a reevaluation of initial estimates by analysts [1][2] Revenue Estimates - 'Revenues- Europe' are expected to be $229.20 million, representing a year-over-year decline of 16.2% [4] - 'Revenues- North America' are projected at $614.54 million, indicating a decrease of 17.8% from the same quarter last year [4] EBITDA Estimates - Estimated 'Adjusted EBITDA- North America' is $41.60 million, down from $94.20 million in the same quarter last year [5] - 'Adjusted EBITDA- Europe' is expected to reach $8.15 million, compared to $15.50 million in the previous year [5] Stock Performance - JELD-WEN shares have changed by +3.9% in the past month, compared to a +4.2% move of the Zacks S&P 500 composite [6] - The company holds a Zacks Rank 5 (Strong Sell), indicating expectations of underperformance relative to the overall market [6]

Core Points - JELD-WEN Holding, Inc. has completed the sale of its Towanda, Pennsylvania business to Woodgrain Inc. for a purchase price of $115 million, in compliance with a court-ordered divestiture [1] Company Overview - JELD-WEN Holding, Inc. is a global designer, manufacturer, and distributor of high-performance building products, including interior and exterior doors and windows, serving both new construction and repair and remodeling sectors [2] - The company is based in Charlotte, North Carolina, operates in 15 countries across North America and Europe, and employs approximately 18,000 associates [2] - JELD-WEN's brand portfolio includes JELD-WEN®, LaCantina®, VPI™, Swedoor®, and DANA® [2]

Core Viewpoint - JELD-WEN Holding, Inc. will release its fourth quarter 2024 results on February 17, 2025, followed by a conference call on February 18, 2025, at 8 a.m. EST to discuss the results [1] Company Overview - JELD-WEN Holding, Inc. is a leading global designer, manufacturer, and distributor of high-performance interior and exterior doors, windows, and related building products [3] - The company serves both the new construction and repair and remodeling sectors and is based in Charlotte, North Carolina [3] - JELD-WEN operates facilities in 15 countries across North America and Europe, employing approximately 18,000 associates [3] - The company's brand portfolio includes JELD-WEN®, LaCantina®, VPI™, Swedoor®, and DANA® [3]

JELD-WEN Holding, Inc. (JELD) , a leading global building products manufacturer, announced the sale of its Towanda facility, PA and related assets to Woodgrain Inc. for approximately $115 million.This transaction is part of a court-ordered divestiture process. The sale is expected to close by Dec. 31, 2024, subject to adjustments and closing conditions.JELD’s Transformation and Impact of Towanda Facility SaleJELD-WEN sees strong opportunities to improve its operations and drive long-term success through thi ...

JELD-WEN Proceeds to Close Divestiture Transaction CHARLOTTE, N.C., Dec. 16, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) ("JELD-WEN" or the "Company"), a leading global manufacturer of building products, today announced that, in compliance with the court-ordered divestiture of its Towanda, Pennsylvania business and related assets (collectively, "Towanda"), JELD-WEN has entered into an asset purchase agreement for the sale of Towanda to Woodgrain Inc. ("Woodgrain") for approximately $115 million ...

My previous investment thought for JELD-WEN Holding (NYSE: JELD ) (published in September) was a hold rating because I had a bearish outlook for the housing market in the US, and demand is unlikely to turn betterI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ultimate ...

Investors in JELD-WEN Holding, Inc. (JELD) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $7.50 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...

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 Marke ...