By Roshan Fernandez

Shares of Jeld-Wen declined after it reported first-quarter results that saw its losses widen and its revenue fall.

The stock was down 9.4% to $5.10 in post-market trading on Monday. Shares have fallen 31% through the close this year, and 70% in the past 52 weeks.

The building products manufacturer posted a loss after the bell of $179.8 million, or $2.12 a share, compared with a loss of $27.7 million, or 32 cents a share, a year earlier.

Excluding one-time items, Jeld-Wen had a loss of 17 cents per share, which was better than the loss of 19 cents per share analysts were expecting, according to FactSet.

The loss was driven primarily by a $125 million pre-tax, non-cash goodwill impairment charge, the company said.

Revenue fell 19.1% from the year-ago quarter to $776 million. Analysts were expecting $770 million.

"We continued to execute our transformation, removing cost and improving focus across the business," Chief Executive Officer William Christensen said. "However, the pace of market deterioration continues to outweigh the benefits of our cost actions."

Christensen said there are signs of improvement and further gains are expected in the second quarter, but warned that visibility was limited due to the volatile macroeconomic environment.

Write to Roshan Fernandez at roshan.fernandez@wsj.com

(END) Dow Jones Newswires

May 05, 2025 17:40 ET (21:40 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.