JELD‑WEN reported third‑quarter 2025 results, with net revenues of $809.5 million, a 13.4% decline from $934.7 million in Q3 2024. Net loss from continuing operations was $367.6 million, compared with a $73.0 million loss in the same quarter last year. Adjusted net loss was $17.3 million, translating to an adjusted earnings per share of $‑0.20.
Core revenues fell 10% to $??, and the company’s adjusted EBITDA margin was 5.5%. The results included a goodwill impairment charge of $196.9 million that impacted the North America and Europe segments.
JELD‑WEN announced a workforce reduction of about 850 positions, roughly 11% of its North American and corporate teams. Severance and benefits costs are estimated at $10–$20 million and will be recognized in Q4 2025.
A strategic review of the European business, which generated $1.1 billion in 2024 revenue (28% of global revenue), is underway. Management said the review will assess options such as restructuring, divestiture, or other measures to improve profitability.
The company updated its full‑year 2025 outlook, lowering revenue guidance to $3.1–$3.2 billion from the previous $3.2–$3.4 billion range, and adjusted EBITDA guidance to $105–$120 million from $170–$200 million. Operating cash flow is expected to be a $45 million use of cash, largely driven by the workforce reduction and transformation costs.
Segment performance shows North America net revenues of $546.1 million, a 19.4% decline YoY. The European segment’s revenue for Q3 2025 was not disclosed, but the segment remains a significant portion of the company’s overall business.
Management cited price‑cost pressures, weak macroeconomic conditions, and aggressive competitor pricing as drivers of revenue and margin compression. The company’s Q2 2025 results had net revenues of $823.7 million, a 16.5% decline, and a net loss of $22.3 million, indicating a continuing trend of declining revenues and losses.
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