Jeff Stevenson's questions to JELD-WEN Holding Inc (JELD) leadership • Q3 2024
Question
Representing Jeff Stevenson, Zack Pacheco of Loop Capital Markets asked how much of the negative mix was driven by production builders focusing on entry-level homes and inquired about the company's current stance on share buybacks.
Answer
CEO William Christensen confirmed that the shift by production builders to lower-end homes is a 'major driver' of the negative mix, particularly for the doors business. He also stated that share buybacks are 'definitely on the back burner' due to the company's leverage ratio being above its target and the immediate focus on funding its transformation through capital investments.