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JELD-WEN posted a quarterly loss and full-year net loss amid declining sales and impairments, despite revenue beating estimates.
JELD-WEN reported a fourth-quarter net loss of $0.47 per share, missing estimates, despite revenue of $802 million, which beat forecasts.
Full-year net revenue fell 14.9% to $3.21 billion, with a massive net loss of $620.1 million, driven by declining sales, goodwill impairments, and tax valuation expenses.
Adjusted EBITDA dropped to $120.1 million, and the company’s long-term revenue and earnings trends remain negative, with five-year declines of 5.4% and 58.7% annually.
While operating margins improved and cost actions showed progress, analysts expect continued challenges, including a projected 3.5% revenue drop in the next year.
JELD-WEN registró una pérdida trimestral y una pérdida neta anual en medio de una disminución de las ventas y de las pérdidas de valor, a pesar de las estimaciones de ingresos superiores a los esperados.