Earnings Call Summary | JELD-WEN Holding(JELD.US) Q1 2024 Earnings Conference
Earnings Call Summary | JELD-WEN Holding(JELD.US) Q1 2024 Earnings Conference
North America segment sales decreased 11% from the previous year to $680 million due to lower volume mix.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
更多詳情： JELD-WEN 控股投資者關係
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：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。
