what JELD-WEN. approach consistent have we with improve previously taking are Thanks, Julie. we to two-pronged a Staying said,
the foundation short-term on show XX, strengthening Slide we business. As our on focus remains our of
reducing our improving and operating to performance. continue We on progress operational costs our make
do to the work on delivery. quality basics right, getting more and lot a have we However, like
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current includes more. currently the but see is can our and review in, we opportunity that growth organic this do areas This ongoing, do premium, portfolio. participate for While across multifamily profitable we high-performance
XX. areas performance to to My be people, focus continue Turning and X Slide strategy.
people on focused performance. currently is journey transformation Our and
about our as training we and improvement culture, last behaviors including more investing important As spoke accountability. we in around safety, such are continuous quarter,
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focus include cost initiatives growth and balanced Our on actions. both numerous reduction a
projects before, mentioned we pipeline than began and As in approximately more completed the XXX today. XXX I've with have projects
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windows that team you project XX, working On growth America North Slide a is our on. see
needs. callbacks things windows our of the market we business service we developed our Julie traditional mentioned consistent our a meets and top Service the and higher to identified throughout with installations. After shorter address window an offering times, project single-family Stock builders lead less This themes. meeting brings underrepresentation the various do and home from team Program. heard channel update, construction. need address growing part to that in of her we parts Windows in in They country, opportunity their our levels To leverages this, well an As
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XX. Slide to Turning
of I Auraline our along transformation beginning with was from the efforts objectives. at the our Vista, and closure facility of Despite our not teams, example of which our of business. manufacturing achieving Another plan it, Auraline journey, business is call, briefly Composite mentioned Window California significant the our exit the
to product line, of we critical a see to level did reasonable Following an the acceptable path of a not profitability. review get
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identify quality to our of to transformation opportunities where profiles we're products sales well reviewing the margin of part journey, expectations. as are improve and Finally, below our customers
value. decisions While increase some these near-term XXXX to guidance. these discuss now are results, negative our a on shareholder want critical impact to I may of financial actions our have future
and for As you revenue guidance conditions, see we the Slide adjusted by macroeconomic on driven are mostly and EBITDA XX year. our weaker-than-expected lowering
previously. our $X.X from guidance billion lowering to $X.X between $X.X revenue are we billion $X.X and billion to Specifically, billion
increasing X% now X%. change give down in are North second business. mix flat our of project main to of North in transformation continued America delays be Europe. revenues our A expected interest rates, core ramp-up short-term especially to expectation previous our high facts: both to sales may evaluating long-term underscored by Our the X% to down up in retail versus higher drive America are slower proactively our we as profitability. journey, leading X finally, seasonal is and demand part certain This And and product quarter, to
our of to $XXX million revenue EBITDA of $XXX million We to to guidance EBITDA range range versus million. our our million XXXX outlook. updated lowering $XXX our We adjusted due are previous $XXX in expect adjusted be now the to
cost XX% of expected some to Our I'd expected. are rate. second improvement demand our provide the mitigating adjusted example guidance updated revenue and year efficiency the guidance, EBITDA that an how lower to about revenue a ramp-up focus reducing EBITDA This also seasonal lower updated than is is of our XX% market like a decremental QX X%, our full continued impact expected on our and driver our quarter new EBITDA. I'll a midpoint The of guidance initially largest the at XXXX. reflects in EBITDA is to from highlight headwinds. information revenue guide sales current we good Though margin is
XX%. sequential increase QX forecasting originally of approximately sales were we Specifically, in a
now calls for outlook digit mid-single a sequential increase. Our revised
second will we costs of America window include quarter onetime North due approximately to In in closure early addition, facilities that of EBITDA the million X our April. $XX announced
full back outlook. Now to our year
We the $XXX be of year, track on which and year's to new approximately combination this continue will million last actions year. $XX that benefits be million cost this carryforward from a initiatives of for completed of is savings
half at benefits the up in ramp and of second look the of and we actions phasing the to the Considering earnings timing year, our XX% our our expect actions, the remainder year. the savings of half. expect we cost to year approximately this deliver the in we sales As EBITDA continue both productivity to and investments throughout of first from
of On be non-repeating million to journey. expectations, before Slide cash will and estimated of due the to EBITDA updated transformation expenses incur our see that for $XXX lower approximately cash expect year we you portions our outlook this year's XX, now sales million cash flow fund an we $XXX flow our operating
ability cash million investments free flow these cash million, and to flows. JELD-WEN's $XX operating with our both reflects to to $XX in our future approximately commitment expect our investing We strong be which to self-fund
Let's turn to XX. Slide
want Towanda. on Before up, update quick I I wrap a to give
we but Towanda X-K noted Towanda We is market initial will of that the the progress believe As continue order warranted market shareholders, motion that success divestiture to journey, is a vacate changed the no we we be operations. this up only improves. in for at our and In asking are light from there best granted. make the longer and transformation company factors, motion will believe assurances on update the have provide industry This we time. for of JELD-WEN last our will to and our the are motion in ruling. are the conditions we no of set the as strong our of filed is this court Despite facing, week, relief we the divestiture interest which difficult macroeconomic
we housing positive. believe challenged, While and our very near-term changed, and America fundamentals for North is European outlook view demand not the our remained has long-term underlying
within long-term opportunities of we conditions. about to based one and now the and market commitments is We it with and and seriously, clarity of confident Because commitment move believe your Q&A. business. our turn remain time the I transparency right now softer-than-anticipated guidance of our our investors. this, optimistic over continued adjust value-creating the our our to take number We to to interest, James has appreciate I'll on been available
