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JELD-WEN Holding, Inc. (JELD) Q3 2024 Earnings Call Transcript Summary

JELD-WEN Holding, Inc. (JELD) Q3 2024 Earnings Call Transcript Summary

JELD-WEN控股公司(JELD)2024年第三季度業績會議通話摘要
富途資訊 ·  01:40  · 電話會議

The following is a summary of the JELD-WEN Holding, Inc. (JELD) Q3 2024 Earnings Call Transcript:

以下是JELD-WEN控股公司(JELD)2024年第三季度業績電話會議記錄摘要:

Financial Performance:

財務表現:

  • JELD-WEN reported Q3 revenues at $935 million, down 13% from the prior year primarily due to reduced core revenues in North America and Europe, alongside a significant shift from higher to lower-priced products.

  • Adjusted EBITDA for the quarter was $82 million, a decrease of $24 million compared to the previous year, with a margin of 8.7%.

  • The company experienced a free cash flow usage of $6 million, including $44 million in capital investments, leading to a net debt leverage ratio of 3.1x, above their target range.

  • JELD-WEN報告第三季度營業收入爲93500萬美元,比去年同期下降13%,主要是由於北美和歐洲核心收入下降,同時高價位產品向低價位產品大幅轉變。

  • 調整後的第三季度息稅折舊攤銷前利潤(EBITDA)爲8,200萬美元,較去年同期減少2,400萬美元,利潤率爲8.7%。

  • 公司第三季度自由現金流使用額爲600萬美元,其中包括4400萬美元的資本投資,導致淨負債槓桿率達到3.1倍,高於他們的目標區間。

Business Progress:

業務進展:

  • JELD-WEN is aggressively managing costs and efficiency amid declining sales, with significant cost reduction initiatives including rightsizing SG&A spending and addressing plant productivity.

  • The company is optimizing its production footprint, including closing facilities in Alabama and Denmark, and consolidating manufacturing in the UK to improve capacity and cost structure.

  • Investments in automating and enhancing manufacturing processes continue, aimed at long-term profitability in changing market conditions.

  • JELD-WEN在銷售下滑的情況下積極管理成本和效率,重點成本削減舉措包括調整銷售和行政支出,並解決工廠生產力問題。

  • 公司正在優化生產佈局,包括關閉位於阿拉巴馬和丹麥的設施,並整合位於英國的製造業,以提高產能和降低成本結構。

  • 繼續投資於自動化和提高製造流程,旨在應對變化的市場條件,以期實現長期盈利。

Opportunities:

機會:

  • Established 'win rooms' to organize and pursue new customer acquisition efforts showing early positive results.

  • Capitalizing on product and operational efficiencies through strategic footprint consolidation and automation investments.

  • 建立「贏房間」以組織和追求新客戶獲取努力,顯示出早期積極的結果。

  • 通過戰略性足跡整合和自動化投資,充分利用產品和運營效率。

Risks:

風險:

  • Ongoing softness in the R&R market with a significant mix shift towards lower-priced products impacting revenue.

  • Persistent economic and geopolitical challenges in Europe affecting market conditions.

  • Loss of a major Midwest retail customer opting to source windows from China introduces further challenges and pressures on the revenue stream.

  • R&R市場持續疲軟,向低價產品變化的顯著轉變影響了營業收入。

  • 歐洲持續存在經濟和地緣政治挑戰,影響市場狀況。

  • 一家主要的中西部零售客戶選擇從中國採購窗戶,導致進一步挑戰和壓力加在營業收入上。

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。

譯文內容由第三人軟體翻譯。


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