JELD-WEN Holding, Inc. (JELD) Q2 2024 Earnings Call Transcript
JELD-WEN Holding, Inc. (NYSE:JELD ) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants James Armstrong - Vice President-Investor Relations Bill Christensen - Chief Executive Officer Samantha Stoddard - Chief Financial Officer Conference Call Participants Steven Ramsey - Thompson Research Group Susan Maklari - Goldman Sachs John Lovallo - UBS Philip Ng - Jefferies Jeffrey Stevenson - Loop Capital Matthew Bouley - Barclays Mike Dahl - RBC Capital Markets Operator Good morning and welcome to the JELD-WEN Second Quarter 2024 Earnings Conference Call. Please note that this call is being recorded.
JELD-WEN (JELD) Surpasses Q2 Earnings Estimates
JELD-WEN (JELD) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.44 per share a year ago.
Here's Why Shares in this Housing Related Stock Slumped in May
Management lowered its end market expectations in North America and Europe. The company needs to improve its operational performance to better compete in its end markets.
JELD-WEN Holding: Opening Doors For Upside Opportunity
JELD is a manufacturer and distributor of doors, windows, and other building items in the Construction and Repair & Remodel industry. The company has experienced lackluster revenue growth in the US and Europe due to slow housing markets and high interest rates. There is rising demand for single-housing units in the U.S., while the ECB has planned to ease monetary policy in June, bringing relief to the housing market in Europe.
