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