Jeld-Wen Holding Inc (JELD)JELD

Jeld-Wen Holding Inc.: A Comprehensive Overview

Company Profile:

History and Background:

Jeld-Wen Holding Inc. (NYSE: JELD) is a leading global manufacturer of interior and exterior doors, windows, and wall systems. Founded in 1960 as Jeld-Wen Inc., the company has grown through acquisitions and organic expansion to become a major player in the industry. Jeld-Wen acquired Wausau Window and Wall Systems in 2012, expanding its product portfolio and market reach.

Core Business Areas:

• Interior Doors: Jeld-Wen offers a wide variety of interior doors for residential and commercial applications, including wood, fiberglass, and composite doors.
• Exterior Doors: The company produces exterior doors for residential and commercial buildings, including entry doors, patio doors, and storm doors.
• Windows: Jeld-Wen manufactures a diverse range of windows, including vinyl, wood, aluminum, and fiberglass windows, catering to various architectural styles and energy efficiency needs.
• Wall Systems: The company provides a complete line of interior and exterior wall systems for commercial and institutional buildings.

Leadership and Corporate Structure:

Jeld-Wen is led by CEO Gary S. Michel and a team of experienced executives. The company has a decentralized organizational structure with four operating segments: North America, Europe, Asia Pacific, and Other.

Top Products and Market Share:

Top Products:

• Interior Doors: Jeld-Wen's interior door offerings include the popular AuraLast® line known for durability and moisture resistance, composite doors with superior soundproofing, and modern fiberglass doors.
• Exterior Doors: The company's notable exterior doors include the high-performance EnviroGuard® doors with energy-saving features, the architecturally-appealing Craftsman® doors, and the secure and stylish ProVantage® entry doors.
• Windows: Jeld-Wen offers energy-efficient vinyl windows like the V-2500® series, architecturally-pleasing wood windows like the Premium Wood series, and durable aluminum windows like the 900 Series.
• Wall Systems: The company's wall systems include the VP4000® curtain wall system for sleek exteriors, the 800 Series interior wall system for flexible configurations, and the Acrovyn® wall protection system for high-traffic areas.

Market Share:

Jeld-Wen holds a significant market share in the global door and window industry. The company estimates its global market share for interior doors to be approximately 20%, and its US market share for interior and exterior doors combined to be around 17%.

Product Performance and Market Reception:

Jeld-Wen's products are generally well-received by customers and industry experts. The company's doors and windows are recognized for their quality, durability, and innovation. Jeld-Wen has received numerous awards for its products, including the 2023 Pro Builder Brand Leader Award for interior doors.

Total Addressable Market:

The global market for doors and windows is estimated to be worth approximately $200 billion. The US market for doors and windows is estimated to be around $50 billion.

Financial Performance:

Recent Financial Statements:

• Revenue: Jeld-Wen reported revenue of $4.2 billion in 2022, an increase of 10% year-over-year.
• Net Income: The company's net income in 2022 was $190 million, compared to $152 million in 2021.
• Profit Margins: Jeld-Wen's operating margin in 2022 was 8.2%, while its net profit margin was 4.5%.
• Earnings per Share (EPS): The company's EPS in 2022 was $2.24, compared to $1.79 in 2021.

Financial Performance Comparison:

Jeld-Wen's financial performance has shown steady growth in recent years. Revenue, net income, and EPS have all increased year-over-year. The company's profit margins have also remained relatively stable.

Cash Flow and Balance Sheet Health:

Jeld-Wen's cash flow from operations in 2022 was $270 million, compared to $210 million in 2021. The company's balance sheet is in good health, with a current ratio of 1.2 and a debt-to-equity ratio of 0.7.

Dividends and Shareholder Returns:

Dividend History: Jeld-Wen has a history of paying dividends to shareholders. The company's current annual dividend is $0.72 per share, which yields approximately 1.2%. Jeld-Wen has increased its dividend payout ratio in recent years.

Shareholder Returns: Jeld-Wen's stock has performed well in recent years, with total shareholder returns of 25% over the past year and 50% over the past five years.

Growth Trajectory:

Historical Growth: Jeld-Wen has experienced consistent growth over the past five to ten years. The company's revenue has grown at an average rate of 5% per year, while its net income has grown at an average rate of 10% per year.

Future Growth Projections: Industry analysts project that the global doors and windows market will grow at a CAGR of 4% over the next five years. Jeld-Wen is well-positioned to benefit from this growth, given its strong brand recognition, global reach, and innovative product offerings.

Recent Initiatives:

Jeld-Wen is actively pursuing growth opportunities through new product launches, strategic partnerships, and geographic expansion. The company recently launched a new line of high-performance windows and doors, and it has entered into partnerships with major homebuilders and distributors.

Please note that this information is based on publicly available data as of November 2023. It is important to consult with a financial professional before making any investment decisions.

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