JELD-WEN Holding Expects Net Revenues Of $4B-$4.3B VS. $4.27B Consensus; Sees Adjusted EBITDA Of $370M-$420M
Portfolio Pulse from Benzinga Newsdesk
JELD-WEN Holding has provided its 2024 revenue guidance, projecting net revenues of $4.0 to $4.3 billion, which is slightly below the consensus of $4.27 billion. The company anticipates Adjusted EBITDA to be between $370 million and $420 million. These projections reflect a challenging macro environment in North America and Europe, with core revenues expected to be flat to down 7% compared to 2023. JELD-WEN plans to invest in capital expenditures, amounting to about 4% of sales, and incur non-recurring cash expenses of around $100 million to improve financial results.
February 20, 2024 | 6:45 am
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JELD-WEN Holding projects 2024 revenues of $4.0 to $4.3 billion, below the consensus of $4.27 billion, and Adjusted EBITDA of $370M-$420M. The company faces a challenging macro environment but plans significant investments to improve future financial results.
The guidance provided by JELD-WEN indicates a cautious outlook due to the uncertain macro environment, which could lead to flat or slightly declining revenues compared to 2023. However, the planned investments and focus on productivity improvements suggest a strategic approach to navigate these challenges. The impact on the stock price is neutral in the short term as the market may have anticipated these challenges, and the company's proactive measures could balance potential negative impacts.
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