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JELD-WEN Reports Second Quarter 2025 Results and Reinstates Guidance

On August 5, 2025, JELD-WEN Holding, Inc. (NYSE: JELD) unveiled its results for the second quarter of 2025, marking a challenging period for the company. Despite the turbulence, the organization has decided to reinstate its full-year guidance amidst an uncertain economic backdrop.\

Financial Overview

Revenue Decline

During this quarter, JELD-WEN's net revenues totaled $823.7 million, representing a significant decline of 16.5% compared to $986 million in the same period last year. The primary drivers of this drop included a 13% fall in core revenues, exacerbated by a 5% reduction from the court-ordered divestiture of Towanda. Although a favorable foreign exchange effect contributed an improvement of 1%, it was not enough to offset the overall loss.

Net Loss Reported

The company reported a net loss of $22.3 million, translating to a loss per share of $0.26. This loss reflects a deterioration compared to the previous year’s loss of $18.5 million, or $0.22 per share. Adjusted EBITDA from continuing operations was reported at $39 million, a stark decline of $45.8 million compared to $84.8 million in the prior year. Adjusted EBITDA margin also worsened, falling to 4.7% from 8.6% a year prior.

CEO William J. Christensen remarked on the difficult landscape, stating, “While the second quarter brought continued challenges, we managed the uncertainty effectively, delivering cost reductions across the business.” He emphasized the importance of ongoing improvements in quality and service, acknowledging that the road ahead requires further effort.

Segment Analysis

Breaking down performance by region, JELD-WEN's North American segment saw a revenue decrease of $154.9 million to $555.7 million, reflecting a 21.8% decline. This was driven by a significant 15% fall in core revenues and a 7% loss due to the aforementioned divestiture.
The European segment, however, fared slightly better. Revenues were $268.1 million, down only 2.7% year over year, primarily due to a decrease in core revenues of 8%, partially offset by a 5% favorable currency translation impact.

Cash Flow and Operational Challenges

In a detailed look at cash flow, JELD-WEN reported net cash used in operating activities of $48.9 million for the first half of 2025, in contrast to a gain of $40.4 million the previous year. This downturn reflects a decrease in earnings, which included a non-cash goodwill impairment charge of $137.7 million in North America. Furthermore, working capital needs resulted in a $39.5 million increase in cash used.

Guidance for the Future

Despite the turbulent environment, JELD-WEN has reinstated its full-year guidance for 2025, estimating revenues between $3.2 to $3.4 billion, which translates into a core revenue decline expected between 4% and 9%. Additionally, Adjusted EBITDA is forecasted to be in the range of $170 to $200 million.

Future Expectations

Christensen reaffirmed the company's commitment to align its strategies to meet evolving market demands while ensuring long-term success. He noted, “We remain committed to meeting our customers' needs and positioning the business for long-term success as demand returns to normalized levels.” Investors look forward to an upcoming conference call scheduled for August 6, 2025, where management will delve deeper into these results.

In conclusion, while JELD-WEN faces considerable headwinds, the reinstatement of guidance signals a proactive approach to navigating financial challenges and adapting to market realities.

About JELD-WEN Holding, Inc.

Founded and headquartered in Charlotte, NC, JELD-WEN is a leading global manufacturer of building products, specializing in doors and windows. It operates in 14 countries, employing a dedicated workforce to maintain its position at the forefront of the industry. To learn more about JELD-WEN’s ongoing efforts and future strategies, visit their Investor Relations page.