JELD-WEN Holding, Inc. (JELD) Bundle
Ever wondered how the doors and windows in your home are made and who's behind them? JELD-WEN Holding, Inc. (JELD), a global manufacturer with roots dating back to 1960, might just be the answer. With a mission focused on delivering innovative building solutions with a commitment to quality, performance, and customer satisfaction, how does this company operate and generate revenue in the competitive building products industry? Keep reading to discover the history, ownership structure, operational mechanics, and revenue generation strategies that define JELD-WEN.
JELD-WEN Holding, Inc. (JELD) History
JELD-WEN Holding, Inc. Founding Timeline
Year established
The company was established in 1960.
Original location
The company was founded in Klamath Falls, Oregon.
Founding team members
The company was founded by Richard 'Dick' Wendt.
Initial capital/funding
JELD-WEN began with 15 employees at its founding.
JELD-WEN Holding, Inc. Evolution Milestones
| Year | Key Event | Significance |
|---|---|---|
| 1960 | Founded by Richard 'Dick' Wendt in Klamath Falls, Oregon. | Established the company's presence in the wood products industry with only 15 employees. |
| 1960s-1980s | Rapid Expansion and Acquisitions. | Aggressively expanded operations through strategic acquisitions, broadening its product lines and market reach in the door and window industry. |
| 1990s | International Expansion. | Extended its footprint internationally, establishing manufacturing and distribution networks in Europe, South America and Australia. |
| 2011 | Clayton, Dubilier & Rice Acquisition. | Private equity firm Clayton, Dubilier & Rice acquired a majority stake in JELD-WEN, leading to operational improvements and strategic repositioning. |
| 2017 | Initial Public Offering (IPO). | JELD-WEN went public on the New York Stock Exchange (NYSE), providing capital for further growth and strategic initiatives. |
| 2018-Present | Focus on Operational Efficiency and Innovation. | Implemented initiatives to streamline operations, reduce costs, and invest in product innovation to enhance its competitive position. |
JELD-WEN Holding, Inc. Transformative Moments
- Strategic Acquisitions: JELD-WEN's growth was significantly fueled by a series of strategic acquisitions, allowing it to expand its product offerings and market presence rapidly.
- International Expansion: Entering international markets marked a pivotal shift, establishing the company as a global player in the door and window industry.
- Private Equity Investment: The acquisition by Clayton, Dubilier & Rice brought about significant operational and strategic changes, enhancing efficiency and profitability.
- Initial Public Offering: The IPO in 2017 provided JELD-WEN with the capital to invest in innovation and growth initiatives, further solidifying its market position.
To gain more insights into the financial aspects of the firm, consider exploring: Breaking Down JELD-WEN Holding, Inc. (JELD) Financial Health: Key Insights for Investors
JELD-WEN Holding, Inc. (JELD) Ownership Structure
As a publicly traded company, the ownership of JELD-WEN Holding, Inc. is distributed among a mix of institutional investors, individual shareholders, and company insiders.
JELD-WEN Holding, Inc.'s Current Status
JELD-WEN Holding, Inc. operates as a publicly traded company, meaning its shares are listed on a stock exchange and available for purchase by the general public.
JELD-WEN Holding, Inc.'s Ownership Breakdown
The following table provides an overview of JELD-WEN Holding, Inc.'s ownership structure, detailing the major types of shareholders and their estimated ownership percentages.
| Shareholder Type | Ownership, % | Notes |
|---|---|---|
| Institutional Investors | 80.18% | Includes investment firms, mutual funds, pension funds, and other financial institutions. |
| Individual Investors | 17.92% | Shares held by individual retail investors. |
| Insiders | 1.90% | Shares held by company executives and board members. |
JELD-WEN Holding, Inc.'s Leadership
The leadership team guides the strategic direction and operational execution of JELD-WEN Holding, Inc.
- Chief Executive Officer: William J. Christensen
- Executive Vice President & Chief Financial Officer: Julie Albrecht
- Senior Vice President, General Counsel & Corporate Secretary: John F. Linker
For more insights into the company's financial standing, consider reading Breaking Down JELD-WEN Holding, Inc. (JELD) Financial Health: Key Insights for Investors.
JELD-WEN Holding, Inc. (JELD) Mission and Values
JELD-WEN's mission and values reflect its commitment to innovation, sustainability, and customer satisfaction, guiding its operations and strategic decisions.
JELD-WEN's Core Purpose
Official mission statement
JELD-WEN doesn't have a single, universally publicized mission statement. However, examining their actions, communications, and stated values, we can infer their core aims:
- To deliver high-quality, reliable, and innovative door and window solutions.
- To create value for customers through superior products and service.
- To operate sustainably and ethically, minimizing environmental impact.
- To foster a culture of teamwork, respect, and continuous improvement for employees.
These inferred aims align with their focus on manufacturing and distributing doors and windows for residential and commercial construction, repair, and remodeling markets.
Vision statement
Similar to its mission statement, JELD-WEN does not have a specific, widely promoted vision statement. However, their vision can be understood through their strategic objectives and long-term goals:
- To be the leading global manufacturer of doors and windows.
- To drive innovation in product design and manufacturing processes.
- To expand market share and geographic reach.
- To be recognized for sustainability and responsible corporate citizenship.
These points indicate a forward-looking approach aimed at sustained growth and industry leadership.
Company slogan/tagline
JELD-WEN has used several taglines throughout its history. Here are a few examples:
- 'Creating Possibilities' – This tagline emphasizes the company's focus on providing solutions and opportunities through its products.
- 'JELD-WEN: Windows & Doors' – A straightforward tagline highlighting the company's core business.
These taglines reflect JELD-WEN's commitment to quality and customer satisfaction. For more insights into the company's financial standing, explore: Breaking Down JELD-WEN Holding, Inc. (JELD) Financial Health: Key Insights for Investors
JELD-WEN Holding, Inc. (JELD) How It Works
JELD-WEN Holding, Inc. designs, manufactures, and sells interior and exterior doors, windows, and related products for use in the new construction, repair, and remodeling of residential and non-residential buildings.
JELD-WEN's Product/Service Portfolio
| Product/Service | Target Market | Key Features |
|---|---|---|
| Interior Doors | Residential, Commercial | Variety of styles (molded, flush, wood), materials (wood, composite), and finishes; solutions for sound reduction and fire resistance. |
| Exterior Doors | Residential, Commercial | Fiberglass, steel, and wood options; customizable designs, energy-efficient components, and enhanced security features. |
| Windows | Residential, Commercial | Wood, vinyl, and aluminum frames; energy-efficient glass options (double-pane, low-E coatings); various styles (casement, double-hung, sliding). |
| Related Products | Residential, Commercial | Moulding, trim, hardware, and other accessories that complement doors and windows; designed for easy installation and aesthetic consistency. |
JELD-WEN's Operational Framework
JELD-WEN operates through a network of manufacturing facilities and distribution centers. The company focuses on:
- Manufacturing Efficiency: Streamlining production processes to reduce costs and improve output.
- Supply Chain Management: Ensuring a consistent supply of raw materials and components.
- Distribution Network: Utilizing a mix of direct sales, wholesale distributors, and retail channels to reach customers.
- Customer Service: Providing support to customers throughout the sales and installation process.
JELD-WEN's Strategic Advantages
JELD-WEN's competitive strengths include:
- Product Breadth: Offering a wide range of door and window products, catering to diverse customer needs and preferences.
- Brand Recognition: Leveraging a well-established brand name known for quality and reliability.
- Distribution Network: Maintaining a robust distribution network that ensures product availability across various markets.
- Innovation: Investing in research and development to introduce new and improved products, such as energy-efficient windows and doors.
To gain more insights into the company's guiding principles, explore Mission Statement, Vision, & Core Values of JELD-WEN Holding, Inc. (JELD).
JELD-WEN Holding, Inc. (JELD) How It Makes Money
The company primarily generates revenue through the design, manufacture, and distribution of interior and exterior doors, windows, and related products for use in the new construction, repair, and remodeling sectors.
Revenue Breakdown
| Revenue Stream | % of Total | Growth Trend |
|---|---|---|
| North America | 64.9% | Increasing |
| Europe | 27.9% | Decreasing |
| Australasia | 7.2% | Stable |
Business Economics
The company's business economics are influenced by several key factors:
- Housing Market: Demand for the company's products is closely tied to the health of the housing market, including new construction, remodeling, and repair activities.
- Raw Material Costs: Fluctuations in the prices of raw materials such as wood, aluminum, glass, and resins can impact profitability.
- Labor Costs: Labor expenses, encompassing manufacturing and distribution, play a pivotal role in the pricing strategy.
- Distribution Network: Efficient distribution channels and relationships with dealers, retailers, and home centers are crucial for reaching customers.
- Product Innovation: Investments in research and development to introduce innovative and energy-efficient products can drive sales and margins.
- Pricing Strategies: The ability to implement effective pricing strategies that balance market competitiveness with profitability goals is essential.
The company operates in a competitive landscape, facing competition from other door and window manufacturers, as well as building materials suppliers. Their ability to differentiate themselves through product quality, innovation, and customer service is vital for maintaining market share and profitability.
Financial Performance
Here are some key points regarding the company's recent financial performance:
- Net Revenue: For the fiscal year 2024, the company reported net revenues of $4.27 billion, a decrease of 7.4% compared to $4.61 billion in 2023.
- Gross Profit: Gross profit for 2024 was $1.1 billion, or 25.8% of net revenues, compared to $1.1 billion, or 24.8% of net revenues, in 2023.
- Net Income: Net income for 2024 was $94.9 million, or $1.15 per share, compared to a net loss of $137.6 million, or $1.67 per share, in 2023.
- Adjusted EBITDA: Adjusted EBITDA for 2024 was $434.9 million compared to $415.2 million in 2023.
To delve deeper into the ownership and investor dynamics, check out this insightful piece: Exploring JELD-WEN Holding, Inc. (JELD) Investor Profile: Who’s Buying and Why?
JELD-WEN Holding, Inc. (JELD) Market Position & Future Outlook
JELD-WEN Holding, Inc. navigates a competitive landscape in the building materials industry, striving to enhance its market position through strategic initiatives and innovation. The company's future outlook hinges on its ability to capitalize on market opportunities while mitigating potential risks, as well as Mission Statement, Vision, & Core Values of JELD-WEN Holding, Inc. (JELD).
Competitive Landscape
| Company | Market Share, % | Key Advantage |
|---|---|---|
| JELD-WEN | ~5% | Broad product portfolio and strong distribution network |
| Andersen Corporation | ~7% | High brand recognition and focus on premium products |
| Pella Corporation | ~6% | Customization options and strong relationships with contractors |
Opportunities & Challenges
| Opportunities | Risks |
|---|---|
| Growing demand for energy-efficient windows and doors, driven by increasing environmental awareness and government incentives. | Fluctuations in raw material prices, such as lumber, aluminum, and glass, which can impact production costs and profitability. |
| Expansion into emerging markets, particularly in Asia-Pacific and Latin America, where construction activity is on the rise. | Intense competition from both established players and new entrants, leading to pricing pressures and reduced market share. |
| Development of smart home integration solutions, allowing homeowners to control windows and doors remotely, enhancing security and convenience. | Changes in building codes and regulations, requiring companies to adapt their products and processes to meet new standards. |
Industry Position
JELD-WEN holds a significant position in the windows and doors industry, characterized by:
- A diversified product range catering to both residential and commercial markets.
- A well-established distribution network, ensuring product availability across various regions.
- Ongoing investments in research and development to introduce innovative and sustainable solutions.
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