Latest Quarterly Results

• North America: Net revenues were $522.0 million, a decrease of 18.4% from $639.8 million. Core revenues declined 12%, driven by a 12% decrease in volume/mix attributed to weakened market demand. Net income from continuing operations for the segment was $68.1 million.
• Europe: Net revenues were $280.0 million, an increase of 9.4% from $255.9 million. The result included a 9% favorable foreign exchange impact. Core revenues increased 1%, with the segment recording a net loss from continuing operations of $12.1 million.

Full-Year Results Context

Annual revenue for 2025 was $3.21 billion, a 14.9% decrease from 620.1 million, compared to $187.6 million in the prior year. Directional trends indicate a contraction in annual revenue and a widening of the annual net loss.

Business & Operations Update

JELD-WEN reported a non-cash goodwill impairment charge of 129.2 million valuation expense against U.S. tax attributes. Operational restructuring included a realignment of the workforce and targeted cost actions. The company operates facilities in 14 countries and employs approximately 13,900 associates.

M&A or Strategic Moves

The company completed the court-ordered divestiture of its Towanda facility in the first quarter of 2025, receiving 37.6 million.

Guidance & Outlook

For 2026, the company issued revenue guidance between $2.95 billion and $3.1 billion. This range reflects an expected core revenue decline of 5% to 10% and a foreign exchange benefit of approximately 100 million to $150 million and operating cash flow of approximately $40 million.

Performance Summary

• Fourth-quarter revenue was $802.0 million.
• Net loss narrowed to $40.1 million.
• North America revenue decreased 18.4% while Europe revenue increased 9.4%.
• Full-year 2025 revenue contracted 14.9%.
• 2026 revenue guidance is set between $2.95 billion and $3.1 billion.