1. JELD-WEN's Q2 2025 revenues fell 16.5% to $823.7 million. 2. The company reported a net loss of $22.3 million. 3. Adjusted EBITDA dropped 54% year-over-year to $39 million. 4. Core revenues decreased 13% due to lower demand. 5. Full-year 2025 guidance indicates continued revenue decline of 4-9%.
The significant drop in revenues and adjusted EBITDA indicates ongoing operational challenges. Historical data shows similar downturns led to reduced stock performance.
The earnings report highlights critical financial metrics that affect investor sentiment and market perception of the stock.
Prolonged declines in core revenues may hinder growth potential, affecting future stock price. Past performance indicates market impatience following extended downturns.
CHARLOTTE, N.C., Aug. 5, 2025 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) ("JELD-WEN" or the "Company") today announced results for the three and six months ended June 28, 2025. Comparability is to the same period in the prior year.
"While the second quarter brought continued challenges, we managed the uncertainty effectively, delivering cost reductions across the business," said Chief Executive Officer William J. Christensen. "We are making steady progress improving quality and service, though we recognize there is more work ahead. That focus, combined with disciplined execution, is helping us navigate a still-uncertain macro environment. As always, we remain committed to meeting our customers' needs and positioning the business for long-term success as demand returns to more normalized levels."
Net revenues for the three months ended June 28, 2025, were $823.7 million, a decrease of ($162.3) million, or (16.5%), compared to $986.0 million for the same period last year. The decrease in net revenues was primarily driven by a decrease in Core Revenues of (13%) and a decrease in net revenues from the court-ordered divestiture of Towanda of (5%). These were partially offset by a favorable foreign exchange impact of 1%. The decline in Core Revenues was driven by a (14%) decrease in volume/mix, partially offset by a 1% benefit from price realization.
Net loss from continuing operations was ($22.3) million in the second quarter, similar to a net loss from continuing operations of ($18.5) million in the same period last year. Adjusted Net Loss from continuing operations for the second quarter was ($3.4) million, a decrease of ($32.8) million compared to Adjusted Net Income from continuing operations of $29.4 million in the same period last year.
Net loss per share from continuing operations for the second quarter was ($0.26), compared to a net loss from continuing operations per share of ($0.22) in the same quarter last year. Adjusted EPS from continuing operations for the second quarter was ($0.04) compared to $0.34 in the same quarter last year. Adjusted EPS from continuing operations for the quarter ended June 28, 2025, excludes net after-tax charges of $18.9 million, or $0.22 per diluted share, associated mainly with costs to execute on the Company's transformation journey. Adjusted EPS from continuing operations for the quarter ended June 29, 2024, excludes net after-tax charges of $47.9 million or $0.55 per diluted share.
Adjusted EBITDA from continuing operations was $39.0 million, a decline of ($45.8) million compared to $84.8 million during the same quarter last year. While we drove significant improvements from our transformation activities, these benefits were more than offset by the impact of lower sales, negative price/cost and the associated loss of productivity. Adjusted EBITDA Margin from continuing operations was 4.7%, a decrease of (390) basis points in the second quarter due to unfavorable volume/mix, partially offset by favorable productivity and lower SG&A.
Net cash used in operating activities was ($48.9) million in the six months ended June 28, 2025, compared to cash provided by operating activities of $40.4 million in the six months ended June 29, 2024. The increase in net cash used in operating activities was primarily due to the decrease in earnings of ($165.4) million, inclusive of a $137.7 million non-cash goodwill impairment charge related to our North America reporting unit during the first quarter of 2025, and a $39.5 million increase in net cash used in our working capital accounts.
JELD-WEN previously announced that it was not in a position to update its full-year 2025 outlook during its earnings call on May 6, 2025, given the uncertainties around the general economy following a number of significant tariff announcements from the federal government. While tariff uncertainty remains, the Company is reinstating and updating its full-year 2025 financial outlook.
JELD-WEN management will host a conference call on August 6, 2025, at 8 a.m. ET, to discuss the Company's financial results. Interested investors and other parties can access the call either via webcast by visiting the Investor Relations section of the Company's website at https://investors.jeld-wen.com, or by dialing 888-596-4144 from the United States or +1-646-968-2525 internationally and using ID 6778283. A slide presentation highlighting the Company's results is available on the Investor Relations section of the Company's website.
JELD-WEN Holding, Inc. (NYSE: JELD) is a leading global designer, manufacturer and distributor of high-performance interior and exterior doors, windows, and related building products serving the new construction and repair and remodeling sectors. Based in Charlotte, North Carolina, JELD-WEN operates facilities in 14 countries in North America and Europe and employs approximately 16,000 associates dedicated to bringing beauty and security to the spaces that touch our lives. The JELD-WEN family of brands includes JELD-WEN® worldwide, LaCantina® and VPI™ in North America, and Swedoor® and DANA® in Europe. For more information, visit corporate.JELD-WEN.com or follow us on LinkedIn.