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

Jeld-Wen Holding

18/02/2025 19:10

** 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 
    
      
    
  
    
      
    
  
    ** 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
))