Charlotte, N.C.: JELD-WEN Reports Q1 Earnings Snapshot
JELD-WEN Reports First Quarter Loss
CHARLOTTE, N.C. (HERE News) — JELD-WEN Holding, Inc. (JELD) announced on Monday that it reported a loss of $27.7 million in its first quarter. The Charlotte-based company stated that the loss equated to 32 cents per share. However, after adjusting for one-time gains and costs, their earnings came in at 21 cents per share, surpassing the expectations of Wall Street analysts.
Revenue Below Forecasts
Despite the positive earnings per share, JELD-WEN’s revenue for the first quarter fell below Street forecasts. The company posted revenue of $959.1 million, missing the expected $972.6 million. Five analysts surveyed by Zacks Investment Research had predicted higher revenue figures.
Full-Year Revenue Outlook
JELD-WEN provided an outlook for full-year revenue, estimating it to be in the range of $3.9 billion to $4.1 billion. This projection will be closely monitored by investors and analysts as the company moves forward in the current fiscal year.
About JELD-WEN
JELD-WEN Holding, Inc. is a leading manufacturer of doors and windows, serving customers globally. With headquarters in Charlotte, North Carolina, the company has established itself as a key player in the industry.
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This article was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on JELD at Zacks