JELD-WEN Announces Third Quarter 2019 Results
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JELD-WEN Holding, Inc. (JELD) Misses Q3 EPS by 11c, Revenues In-Line
November 6, 2019 6:44 AM ESTJELD-WEN Holding, Inc. (NYSE: JELD) reported Q3 EPS of $0.26, $0.11 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.09 billion.
Highlights:
Results were in line with preliminary results announced on October 10, 2019Net revenues for the third quarter decreased 3.9% year-over-year to $1.092 billion, driven primarily by a 5% headwind from volume/mixAdjusted EBITDA for the third quarter decreased by $23.7 million year-over-year to $108.9 million; adjusted EBITDA margin decreased by 170 basis points to 10.0%Core adjusted EBITDA margins expanded by 120 basis points in... More