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JELD - JELD-WEN Holding: Opening Doors For Upside Opportunity
JELD-WEN Holding Inc.
2024-05-20 17:20:12 ET
Summary
JELD is a manufacturer and distributor of doors, windows, and other building items in the Construction and Repair & Remodel industry.
The company has experienced lackluster revenue growth in the US and Europe due to slow housing markets and high interest rates.
There is rising demand for single-housing units in the U.S., while the ECB has planned to ease monetary policy in June, bringing relief to the housing market in Europe.
JELD is investing in projects to improve operational efficiency and margins, and despite economic headwinds, management appears confident in achieving margin expansion.