Earnings release
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JW JELD WEN . WINDOWS & DOORS NEWS RELEASE JELD - WEN Extends Track Record of Revenue and Earnings Growth with Second Quarter 2021 Results 8/2/2021 CHARLOTTE , N.C. , Aug. 2 , 2021 / PRNewswire / -- JELD - WEN Holding , Inc. ( NYSE : JELD ) today announced results for the three and six months ended June 26 , 2021 , including second quarter net revenue of $ 1,245.8 million , net income of $ 60.7 million , adjusted EBITDA of $ 148.2 million , earnings per share ( " EPS " ) of $ 0.60 , and adjusted EPS of $ 0.59 . Comparability is to the same period in the prior year , unless otherwise noted . References to " core " financial results exclude the impact of foreign exchange and acquisitions completed in the last twelve months . Highlights Net revenue increased by 25.5 % to $ 1,245.8 million , including a 19 % increase in core revenue Core revenue increased in all three reporting segments , driven by an acceleration in volume and price realization • Gross profit increased 33.5 % to $ 291.9 million and gross profit margin expanded 140 basis points to 23.4 % • Adjusted EBITDA increased by 17.9 % to $ 148.2 million Repurchased 1,177,757 shares in the quarter for $ 33.7 million • Increased share repurchase authorization to $ 400 million Completed successful debt refinancing , extending maturities at attractive interest rates ● Raised full year outlook for revenue and adjusted EBITDA • Announced divestiture process for Towanda , PA operations , a leading provider of wood fiber composite building products ● ● ● " JELD - WEN's multi - faceted growth platform and rigorous deployment of our business operating system , the JELD WEN Excellence Model ( " JEM " ) , are driving consistent growth and profitability improvement across the enterprise , " said Gary S. Michel , president and chief executive officer . " Our associates delivered broad based core revenue growth through profitable share gain and disciplined pricing , driving gross margin expansion in a challenging 1