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JELD-WEN Extends Track Record of Revenue and Earnings Growth with Second Quarter 2021 Results
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JELD-WEN Holding, Inc engaging investors at upcoming conferences
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JELD-WEN Holding, Inc engaging investors at upcoming conferences
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CHARLOTTE, N.C., May 18, 2021 /PRNewswire/ JELD-WEN Holding, Inc. (NYSE: JELD) unveiled its multi-faceted growth strategy today during the company s inaugural investor day. Throughout the event, senior leaders detailed the progress and delivered performance resulting from a well-articulated growth strategy and the benefits of its business operating system, the JELD-WEN Excellence Model (JEM).
Gary S. Michel, CEO, kicked off the event by describing JELD-WEN as a compelling investment opportunity. We have come a long way the last three years and have made significant progress in delivering measurable results and establishing our future vision, Michel stated in his opening comments. We have a well-defined strategy and business operating system that are driving transformation and delivering profitable organic growth, Michel added. He also highlighted the breadth and scale of the JELD-WEN franchise with leading market positions, po
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CHARLOTTE, N.C. - Window and door giant Jeld-Wen - number 5 on the FDMC 300 - reported sales of more than $1 billion for the quarter ending March 27. JELD-WEN delivered a strong start to 2021, building on continued operating momentum and disciplined execution, generating significant improvement in revenue, margin, and cash flow, said CEO Gary S. Michel. We remain optimistic on performance for the remainder of the year.
Net revenue for the quarter increased $113.2 million, or 11.6 percent, to $1.09 billion, compared to $979.2 million for the same period last year. Jeld-Wen said the increase was primarily driven by 6 percent core revenue growth and a 5 percent positive impact from foreign exchange.