JELD-WEN reported a challenging fourth quarter and full year 2025, with significant declines in revenue and profitability driven by weak market demand and unfavorable price/cost dynamics. The company is undertaking restructuring and cost-saving measures to navigate the difficult environment, while also establishing guidance for 2026 that anticipates continued revenue pressure.
Fourth-quarter net loss from continuing operations improved to ($40.1) million from ($68.4) million in the prior year.
positiveFourth-quarter net revenues decreased 10.5% YoY, which was at the high end of expectations.
neutralEurope segment net revenues increased 9.4% YoY, driven by favorable foreign exchange and price realization.
positiveProceeds of $110.7 million from the court-ordered divestiture of Towanda and $37.6 million from sale-leaseback of Coral Springs property completed.
neutralFull year 2025 net revenues decreased 14.9% to $3.21 billion, driven by a 13% decrease in volume/mix.
negativeFull year 2025 operating loss was $416.0 million, a significant increase from $126.4 million in the prior year.
negativeFull year 2025 Adjusted EBITDA decreased 56.4% to $120.1 million, with margins compressing by 360 bps to 3.7%.
negativeFull year 2025 net cash used in operating activities was ($4.9) million, a significant deterioration from $106.2 million provided in the prior year.
negativeFull year 2025 Free Cash Flow used was $140.8 million, compared to $67.5 million used in the prior year.
negativeNet Debt Leverage increased significantly from 3.8x in FY2024 to 8.6x in FY2025.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
North America | N/A | — | — | — |
Europe | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Fourth-quarter results came in at the high end of our expectations, reflecting disciplined execution and a clear focus on operational and cost rigor.
We are operating in a challenging environment, and performance this quarter was driven by deliberate actions across the business to adapt to current market conditions.
We have realigned our workforce, taken targeted cost actions, and continued to improve how we operate, while staying close to our customers.
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