JELD-WEN HOLDING Reports Q2 FY2023 Earnings Results as of June 30 2023
August 14, 2023
🌥️Earnings Overview
On August 7, 2023, JELD-WEN HOLDING ($NYSE:JELD) reported their Q2 FY2023 earnings results for the period ending June 30, 2023. Total revenue for the quarter was USD 1125.8 million, representing a 15.4% decrease from the same period in the previous year. Net income for the quarter was USD 38.3 million, a decrease of 16.4% compared to the same quarter in the previous year.
Share Price
On Monday, JELD-WEN HOLDING announced its fiscal second quarter earnings results for 2023, ending on June 30. The company reported a strong increase in its stock price, which opened at $18.0 and closed at $18.4, up by 2.5% from the prior closing price of $18.0. The strong performance of JELD-WEN HOLDING in the second quarter of FY2023 was largely driven by the company’s focus on cost optimization and lean manufacturing initiatives.
The company’s strong performance in the second quarter of FY2023 is expected to continue in the upcoming quarters as JELD-WEN HOLDING continues to focus on cost optimization and lean manufacturing initiatives. This, combined with strong demand for the company’s products in the US and international markets, should help JELD-WEN HOLDING to further strengthen its position in the industry and drive growth for its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Jeld-wen Holding. More…
| Total Revenues | Net Income | Net Margin |
| 5.11k | 53.84 | 1.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Jeld-wen Holding. More…
| Operations | Investing | Financing |
| 349.42 | -87.89 | -271.88 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Jeld-wen Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.55k | 2.76k | 9.2 |
Key Ratios Snapshot
Some of the financial key ratios for Jeld-wen Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.3% | 7.7% | 3.3% |
| FCF Margin | ROE | ROA |
| 4.8% | 13.8% | 3.0% |
Analysis
At GoodWhale, we recently conducted an analysis of JELD-WEN HOLDING‘s financials. Our star chart showed that the company is strong in asset utilization, medium in profitability, and weak in dividend and growth. From this, we classified JELD-WEN HOLDING as a ‘rhino’ – a company that has achieved moderate revenue or earnings growth. These results suggest that JELD-WEN HOLDING may be of particular interest to value investors looking for steady returns. Furthermore, the company has a high health score of 8/10, indicating that it is capable of paying off debt and funding future operations from its cashflows and debt. More…
Peers
JELD-WEN Holding Inc is one of the world’s largest manufacturers of doors and windows. The company operates in three segments: North America, Europe, and Asia Pacific. JELD-WEN has a diversified product mix that includes wood, steel, aluminum, and vinyl products. The company’s primary competitors are Masonite International Corp, Tyman PLC, and Sanwa Holdings Corp.
– Masonite International Corp ($NYSE:DOOR)
Masonite International Corp is a leading manufacturer and marketer of interior and exterior doors for the residential and commercial construction markets. Its products are sold under the Masonite, Marsh, and Beaver brands. The company has a market cap of 1.57B as of 2022 and a Return on Equity of 24.2%. Masonite International Corp is headquartered in Tampa, Florida.
– Tyman PLC ($LSE:TYMN)
Tyman PLC is a United Kingdom-based company, engaged in the design, manufacture and distribution of door and window products. The Company’s segments include Europe, North America and Asia Pacific. The Company’s brands include AmesburyGroup, Deceuninck, Schuco, KBE, REHAU, Trocal, VEKA, comadur and Roto. The Company offers a range of products, including composite and uPVC doors, aluminium doors, timber doors, security products and glass products.
– Sanwa Holdings Corp ($TSE:5929)
Sanwa Holdings Corp is a Japanese holding company that provides financial services through its subsidiaries. The company’s market cap as of 2022 is 279.49B. Its return on equity is 10.49%. Sanwa Holdings Corp’s subsidiaries include Sanwa Bank, Ltd., a commercial bank; Sanwa Lease Corporation, a leasing company; and Sanwa Factoring Corporation, a factoring company.
Summary
Investors in JELD-WEN HOLDING should assess the company’s most recent financial results for the second quarter of 2023, which ended on June 30th. Total revenue for the quarter decreased 15.4% year-over-year to US$1125.8 million, while net income decreased 16.4% to US$38.3 million. These figures indicate that JELD-WEN’s financial performance remains challenged in the short-term, and could indicate a need for long-term strategic changes. Investors should consider these results when assessing the company’s stock price and outlook.
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