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Earnings Call Summary | JELD-WEN Holding(JELD.US) Q1 2024 Earnings Conference

Earnings Call Summary | JELD-WEN Holding(JELD.US) Q1 2024 Earnings Conference

業績電話會議摘要 | JELD-WEN Holding (JELD.US) 2024 年第一季度業績會議
富途資訊 ·  05/08 17:09  · 電話會議

The following is a summary of the JELD-WEN Holding, Inc. (JELD) Q1 2024 Earnings Call Transcript:

以下是JELD-WEN控股公司(JELD)2024年第一季度業績電話會議記錄的摘要:

Financial Performance:

財務業績:

  • JELD-WEN's Q1 revenues were $959 million, down 11% YoY due to expected volume declines in North America and Europe.

  • Adjusted EBITDA of $69 million represents a YoY decline of $10 million, resulting in a margin of 7.2%.

  • North America segment sales decreased 11% from the previous year to $680 million due to lower volume mix.

  • Europe's revenue decreased by 12% YoY to $279 million mainly due to reduced volume mix.

  • Adjusted EBITDA fell 130 basis points to 9% primarily due to reduced volumes.

  • 由於北美和歐洲的銷量預計下降,JELD-WEN第一季度的收入爲9.59億美元,同比下降11%。

  • 調整後的息稅折舊攤銷前利潤爲6,900萬美元,同比下降1000萬美元,利潤率爲7.2%。

  • 由於銷量組合減少,北美分部的銷售額比上年下降了11%,至6.8億美元。

  • 歐洲的收入同比下降12%,至2.79億美元,這主要是由於銷量組合的減少。

  • 調整後的息稅折舊攤銷前利潤下降了130個點子至9%,這主要是由於銷量減少。

Business Progress:

業務進展:

  • JELD-WEN announced the closure of two North American window facilities to streamline the manufacturing footprint.

  • There's an ongoing transformational journey with a goal of $100 million in cost savings this year.

  • Capital expenditure increased by about $10 million YoY focusing on operational improvements.

  • The closure of the California facility is expected to result in an annual EBITDA saving of $11 million.

  • Company continues to target $100 million in savings, managing costs related to recent structural changes.

  • JELD-WEN is pruning certain product lines that aren't meeting profit expectations, investing in more profitable business segments.

  • Company expects to remain neutral on price-cost for the full year in spite of some inflation.

  • The shutdown of Auraline is part of the company's strategy to redirect capital and resources to more promising projects.

  • Emphasis is being placed on a culture change with a focus on accountability and decision-making.

  • JELD-WEN宣佈關閉兩家北美窗戶工廠,以簡化製造工廠。

  • 轉型之旅仍在繼續,目標是今年節省1億美元的成本。

  • 資本支出同比增長約1000萬美元,主要用於運營改進。

  • 加州工廠的關閉預計每年將節省1100萬美元的息稅折舊攤銷前利潤。

  • 公司繼續以節省1億美元的目標爲目標,管理與近期結構變化相關的成本。

  • JELD-WEN正在削減某些未達到利潤預期的產品線,投資於利潤更高的業務領域。

  • 儘管出現了一些通貨膨脹,公司預計全年價格成本仍將保持中立。

  • 關閉Auraline是該公司將資本和資源轉移到更有前途的項目的戰略的一部分。

  • 重點放在文化變革上,重點是問責制和決策。

More details: JELD-WEN Holding IR

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

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譯文內容由第三人軟體翻譯。


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