JELD-WEN Announces Third Quarter Results; Updates Outlook For 2017 Revenue And Adjusted EBITDA

Net revenues for the third quarter increased 6.3%, bringing the year-to-date total increase in net revenues to 3.5%. Net income for the third quarter amounted to $51.3 million and adjusted EBITDA amounted to $128.2 million
Adjusted EBITDA for the third quarter increased 8.7%, and adjusted EBITDA margins expanded 20 basis points. Diluted earnings per share (“EPS”) for the third quarter amounted to $0.47 and adjusted EPS amounted to $0.55 Cash flow from operations improved $63.9 million in the first nine months of 2017 and free cash flow improved $94.0 million. Full year outlook for net revenue growth increased to 2.0% to 4.0% and adjusted EBITDA outlook range narrowed to $440 million to $450 million.

http://investors.jeld-wen.com/investor-relations/news-releases/2017/11-07-2017-110049043

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