Free Research Report as JELD-WEN’s Revenue Advanced 6.3% and Earnings Jumped 11.3%

LONDON, UK / ACCESSWIRE / December 21, 2017 / Active-Investors.com has just released a free earnings report on JELD-WEN Holding, Inc. (NYSE: JELD). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=JELD . The Company reported its third quarter fiscal 2017 operating results on November 07, 2017. The manufacturer of doors and windows exceeded revenue and earnings expectations and raised its outlook for the full fiscal year 2017. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, JELD-WEN Holding most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the three months ended September 30, 2017, JELD-WEN’s net revenues jumped 6.3% to $991.4 million compared to $932.5 million for Q3 2016, driven by a growth in core revenues of 2%, a favorable impact of foreign exchange of 2%, and a contribution of 3% from recent acquisitions. The Company’s revenue numbers topped analysts’ expectations of $974.98 million.

For Q3 2017, JELD-WEN’s gross margin advanced 11.0% to $228.2 million compared to $205.7 million for Q3 2016, due to a profitable core growth, the contribution from recent acquisitions, and a non-recurring charge to material costs incurred in the same period of last year.

JELD-WEN’s selling, general, and administrative expenses (SG&A) advanced 9.9% to $142.6 million compared to $129.8 million for Q3 2016, due to higher legal costs and the impact of recent acquisitions. The Company’s SG&A as a percentage of net revenues was 14.4% versus 13.9% for the year-earlier comparable quarter.

JELD-WEN’s net income increased $5.2 million, or 11.3%, to $51.3 million in Q3 2017 compared to $46.1 million in Q3 2016. The Company’s earnings per share (EPS) was $0.47, and adjusted EPS was $0.55 for the reported quarter. The Company’s adjusted EPS was ahead of Wall Street’s estimates of $0.52 per share.

During Q3 2017, JELD-WEN’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) gained 8.7% to $128.2 million compared to $118.0 million in Q3 2016. The Company’s adjusted EBITDA margin expanded 20 basis points to 12.9% in the reported quarter from 12.7% in the year-earlier corresponding quarter.

Segment Results

During Q3 2017, JELD-WEN’s net revenues in the North America segment grew 3.6% to $572.0 million on a y-o-y basis, due to an increase in core revenues of 2%, and a contribution from recent acquisitions of 2%. The core revenue growth was primarily due to favorable pricing. The region’s adjusted EBITDA increased 4.8% to $82.5 million on a y-o-y basis, while adjusted EBITDA margin expanded 10 basis points to 14.4%.

For Q3 2017, JELD-WEN’s revenue from the Europe segment advanced 7.4% to $265.1 million on a y-o-y basis, primarily due to a 4% favorable impact from foreign exchange, a 2% from the contribution of recent acquisitions, and a 1% contribution from core growth. The segment’s adjusted EBITDA grew 6.2% to $33.4 million on a y-o-y basis, while adjusted EBITDA margin decreased 10 basis points to 12.6%. The decrease in adjusted EBITDA margin was primarily due to a timing difference in the UK of pricing initiatives lagging material cost inflation.

During Q3 2017, JELD-WEN’s Australasia segment’s net revenues surged 15.7% to $154.3 million, primarily due to the contribution from recent acquisitions of 8%, a core growth of 4%, and a 4% favorable impact of foreign exchange. The segment’s adjusted EBITDA jumped 28.4% to $22.9 million, and adjusted EBITDA margin expanded 140 basis points to 14.8%.

Balance Sheet and Cash Flow

JELD-WEN’s cash and cash equivalents as of September 30, 2017, were $219.5 million compared to $102.7 million as of December 31, 2016. The Company’s total debt as of September 30, 2017, was $1.25 billion compared to $1.62 billion as of December 31, 2016.

On February 01, 2017, JELD-WEN received net proceeds from its IPO of $472.4 million, and used a portion of these proceeds to repay $375.0 million of debt. In conjunction with the debt repayment in Q1 2017, the Company wrote off $7.0 million of original issue discount and deferred financing fees.

JELD-WEN’s cash flow from operations improved $63.9 million to $174.1 million in the first nine months of 2017 from $110.2 million in the year-ago same period. The Company’s free cash flow improved $94.0 million to $141.7 million in the first nine months of 2017 from $47.7 million in the comparable period of last year.

Annual Outlook

For the full year 2017, JELD-WEN is forecasting revenue growth of 2.0% to 4.0% on a y-o-y basis compared to the previous range of 1.5% to 3.5%. The Company is estimating adjusted EBITDA in the band of $440 million to $450 million compared to the previous range of $440 million to $460 million. JELD-WEN is forecasting capital expenditure to be in the band of $60 million to $70 million, reduced from the previous range of $80 million to $90 million.

Stock Performance Snapshot

December 20, 2017 – At Wednesday’s closing bell, JELD-WEN Holding’s stock ended the trading session flat at $38.94.

Volume traded for the day: 278.66 thousand shares.

Stock performance in the last month – up 1.33%; previous three-month period – up 15.17%; past six-month period – up 12.54%; and year-to-date – up 49.08%

After yesterday’s close, JELD-WEN Holding’s market cap was at $4.10 billion.

The stock is part of the Industrial Goods sector, categorized under the General Building Materials industry. This sector was up 0.3% at the end of the session.

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