Overview
Doors and windows maker JELD-WEN's Q3 2025 revenue fell 13.4%, missing analysts' expectations
Net loss from continuing operations widened due to goodwill impairment and tax items
Company to reduce North American and Corporate workforce by 11% by year-end 2025
Outlook
JELD-WEN lowers 2025 revenue guidance to $3.1-$3.2 bln, down from $3.2-$3.4 bln
Company expects 2025 adjusted EBITDA of $105-$120 mln, down from $170-$200 mln
JELD-WEN initiates strategic review of European segment for long-term positioning
Result Drivers
CORE REVENUE DECLINE - Driven by a 11% decrease in volume/mix, partially offset by 1% price realization
IMPAIRMENT - Net loss included non-cash goodwill impairment of $196.9 mln and $122.3 mln in tax special items
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $809.50 mln | $826.43 mln (8 Analysts) |
Q3 EPS | Miss | -$4.30 | $0.13 (8 Analysts) |
Q3 Net Income | -$367.60 mln | ||
Q3 Adjusted EBITDA Margin | 5.50% | ||
Q3 Operating Income | -$202.50 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy."
Wall Street's median 12-month price target for JELD-WEN Holding Inc is $4.50, about 3.6% above its October 31 closing price of $4.34
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 64 three months ago
Press Release: ID:nPn9VVK5a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)