JELD Latest Report

Jeld-wen Holding's Financial Performance

Jeld-wen Holding experienced a significant decline in revenue in 2024, from $1.021 billion in 2023 to $896 million, a decrease of approximately 12.26%. This change indicates that the company is facing severe market challenges, affecting its overall profitability and market performance.

Key Financial Data

1. Revenue: $896 million in 2024, a 12.26% decrease from $1.021 billion in 2023.

2. Cost of Sales: $749 million in 2024, slightly lower than $829 million in 2023, but still exerting pressure on gross profit.

3. EBIT: -$65 million in 2024, indicating significant challenges in controlling costs and increasing revenue.

4. Operating Expenses: $158 million in 2024, slightly lower than $177 million in 2023, but still negatively impacting net profit.

5. Market Environment: Intensified competition and economic uncertainty led to a decrease in customer demand, affecting the company's revenue.

Industry Comparison

1. Industry-wide Analysis: The overall demand for the construction and home improvement industry is affected by macroeconomic fluctuations and rising interest rates, with many companies experiencing a decline in revenue, reflecting a general trend of industry weakness.

2. Peer Comparison Analysis: Compared to peers, Jeld-wen's revenue decline is more significant, possibly indicating a disadvantage in the competition or loss of market share, which requires further assessment of its market position.

Summary

In 2024, Jeld-wen Holding faced multiple challenges, including rising sales costs, a significant decline in EBIT, and changes in the market environment. The overall weakness of the construction industry further exacerbated the company's revenue pressure. The company needs to find effective market strategies and product innovations to address its current predicament.

Opportunities

1. Market Strategy Adjustment: Jeld-wen can revisit its market strategy to find new growth points to address market competition.

2. Product Innovation: Develop new products or improve existing products to meet market demands, increasing revenue.

3. Optimize Cost Structure: Improve production efficiency and reduce operating costs to improve profit margins.

4. Expand Market: Find new markets or customer groups, increase sales channels, and revenue sources.

Risks

1. Interest Rate Increase Impact: High interest rates can make it difficult to finance new home construction, affecting sales and revenue.

2. Deteriorating Customer Relationships: A decline in relationships with key customers can negatively impact sales.

3. Intensified Competition: Intensified competition can lead to a loss of market share.

4. Talent Loss Risk: Failure to effectively attract and retain senior executives and employees can impact operational efficiency.

5. Natural Disasters and Operational Interruptions: External factors can disrupt the company's normal operations.