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Mar 29, 2025
JELD-WEN Q1 2025 Earnings Report
Reported results for the three months ended March 29, 2025
Key Takeaways
JELD-WEN reported a significant decrease in net revenues and a larger net loss in the first quarter of 2025 compared to the prior year, primarily due to a court-ordered divestiture and weak macro-economic conditions leading to lower volume/mix. Adjusted EBITDA also declined substantially.
Net revenues decreased by 19.1% to $776.0 million.
Net loss increased to $179.8 million, including a $125 million goodwill impairment charge.
Adjusted EBITDA was $21.9 million, a decrease of 68.1%.
Adjusted EBITDA Margin decreased by 440 basis points to 2.8%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
While market conditions remained very challenging, the company continued to execute its transformation plan, focusing on cost removal and improving business focus. They are starting to see improvements in quality and service levels and expect further gains in the second quarter.
Positive Outlook
- Continued execution of transformation plan.
- Removal of costs across the business.
- Improved focus across the business.
- Beginning to see signs of improvement in quality levels.
- Beginning to see signs of improvement in service levels.
Challenges Ahead
- Market conditions remained very challenging.
- Pace of market deterioration continues to outweigh benefits of cost actions.
- Limited visibility in today's rapidly evolving macro environment.
- Lower volume/mix negatively impacted results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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