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Jun 28
JELD-WEN Q2 2025 Earnings Report
JELD-WEN reported its second quarter 2025 results, showing a decrease in net revenues and a net loss, while reinstating full-year guidance.
Key Takeaways
JELD-WEN experienced a challenging second quarter in 2025, with net revenues decreasing by 16.5% to $823.7 million and a net loss from continuing operations of $22.3 million. The decline was primarily due to a 13% decrease in Core Revenues and a 5% impact from the Towanda divestiture. Despite cost reductions and progress in quality and service, Adjusted EBITDA significantly decreased to $39.0 million.
Net revenues for Q2 2025 were $823.7 million, a 16.5% decrease year-over-year, primarily due to a 13% decline in Core Revenues and a 5% impact from the Towanda divestiture.
The company reported a net loss from continuing operations of $22.3 million, or ($0.26) per share, compared to a net loss of $18.5 million, or ($0.22) per share, in the prior year's quarter.
Adjusted EBITDA from continuing operations decreased by $45.8 million to $39.0 million, with the Adjusted EBITDA Margin falling to 4.7% from 8.6% in the same period last year.
JELD-WEN reinstated its full-year 2025 guidance, projecting revenues between $3.2 billion and $3.4 billion and Adjusted EBITDA between $170 million and $200 million.
JELD-WEN
JELD-WEN
JELD-WEN Revenue by Segment
JELD-WEN Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comEurope Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
JELD-WEN reinstated and updated its full-year 2025 financial outlook, projecting revenues between $3.2 billion and $3.4 billion and Adjusted EBITDA between $170 million and $200 million, reflecting continued pressure from competitive pricing and volume.
Positive Outlook
- Reinstatement of full-year 2025 financial outlook provides clarity to investors.
- Company expects to deliver Adjusted EBITDA in the range of $170 million to $200 million.
- Management is focused on cost reductions and improving quality and service.
- Commitment to meeting customer needs and positioning the business for long-term success.
- Anticipation of demand returning to more normalized levels.
Challenges Ahead
- Full-year 2025 revenue guidance reflects a year-over-year decline in core revenues of approximately (4%) to (9%).
- Adjusted EBITDA guidance reflects continued pressure from a competitive pricing and volume environment.
- Operating cash flow is expected to be an approximate $10 million use of cash.
- Uncertainties around the general economy and significant tariff announcements remain.
- Macro environment is still uncertain, posing challenges for navigation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income