Can $JELD be fixed?? Down (another) ~19% today
$JELD -14% https://t.co/6IOcECjTLW
Doors in Distress Granted Jeld-Wen $JELD has a host of it's own issues, a 12% YY volume/mix decline in a key housing component is not a positive signal for housing demand into 2025. https://t.co/WyBcBQpSxS https://t.co/xMJ8kSE2rM
Jeld-Wen Holding Inc. reported a 12.3% decline in net revenues from continuing operations, totaling $895.7 million for the fourth quarter. This decrease was attributed to a 12% drop in core revenue, driven by lower volume and mix due to weak macroeconomic conditions and a shift in demand towards entry-level products. The company's performance is seen as a negative indicator for housing demand in 2025. Following the earnings report, Jeld-Wen's stock price fell by 14%, with an additional decline of approximately 19% noted later, reflecting ongoing investor concerns about the company's prospects.
