Investigation Overview
An investigation on behalf of investors of JELD-WEN Holding, Inc. (NYSE: JELD) shares over potential securities laws violations by JELD-WEN Holding, Inc and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of JELD-WEN Holding, Inc. (NYSE: JELD) concerning whether a series of statements by JELD-WEN Holding, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Charlotte, NC based JELD-WEN Holding, Inc. manufactures and sells doors and windows primarily in North America, Europe, and Australasia. JELD-WEN Holding, Inc. went public in Janaury 2017. Shares of JELD-WEN Holding, Inc. (NYSE: JELD) reached as high as $42.27 per share in early 2018.
On February 21, 2018, JELD-WEN Holding, Inc. announced its fourth quarter and full year 2017 financial results and provided its 2018 outlook. JELD-WEN Holding, Inc. reported that its Net Revenues rose from over $3.66 billion in 2016 to over $3.76 billion in 2017 and that its Net INcome declined from $377.20 million in 2016 to $10.80 million in 2017.
Shares of JELD-WEN Holding, Inc. (NYSE: JELD) declined to as low as $28.95 per share on April 2, 2018.