CHARLOTTE, N.C. , Nov.
4, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD ) ("JELD-WEN" or the "Company") today announced results for the three and nine months ended September 28, 2024 . Comparability is to the same period in the prior year and all periods presented reflect the Company's Australasia segment as a discontinued operation, as appropriate and unless otherwise noted.
Third Quarter Highlights Net revenues from continuing operations of $934.7 million decreased (13.2%) in the third quarter driven by a (13%) Core Revenue decline as a result of (13%) lower volume/mix due to weak macro-economic conditions and a continued demand shift to entry level products.
Net loss from continuing operations was ($73.0) million or ($0.86) per share, compared to net income from continuing operations of $16.
9 million , or $0.20 per share, during the same quarter a year ago. The net loss from continuing operations includes a non-cash goodwill impairment charge in the Europe segment.
Operating income margin was (5.6%) and 4.5% for the quarters ended September 28, 2024 and September 30, 2023 , respectively.
Adjusted EBITDA from continuing operations was $81.6 million , a decrease of ($24.1) million compared to $105.
7 million during the same quarter a year ago. Adjusted EBITDA Margin from continuing operations was 8.7%, a decrease of (110) basis points year-over-year as lower volume/mix and higher costs in labor and materials was only partially offset by lower SG&A expense and improv.
