JELD-WEN cuts 11% of workforce

JELD-WEN Holding, Inc. (NYSE: JELD) reported a net loss from continuing operations of $367.6 million, or $4.30 per share, for the third quarter ended September 27, 2025, compared to a net loss of $73.0 million, or $0.86 per share, in the same period last year.

Net revenues declined 13.4% to $809.5 million from $934.7 million in the prior year quarter. The decrease was driven by a 10% decline in core revenues and a 5% decrease from the court-ordered divestiture of Towanda, partially offset by a 2% favorable foreign exchange impact.

The Charlotte, North Carolina-based building products manufacturer recorded a $196.9 million non-cash goodwill impairment charge and $122.3 million in tax special items during the quarter. Adjusted EBITDA from continuing operations fell to $44.4 million from $81.6 million in the prior year period.

JELD-WEN announced plans to reduce its North America and Corporate workforce by approximately 850 positions, representing roughly 11% of those teams, by year-end 2025. The company also initiated a strategic review of its European segment.

"Third-quarter results fell short of our expectations due to persistent market headwinds and price-cost pressures," said CEO William J. Christensen in a statement.

The North America segment saw net revenues decrease 19.4% to $546.1 million, while Europe revenues increased 2.6% to $263.3 million, benefiting from favorable foreign exchange rates.

For the nine months ended September 27, 2025, net revenues declined 16.3% to $2.409 billion. The company lowered its full-year 2025 revenue guidance to $3.1 billion to $3.2 billion and adjusted EBITDA guidance to $105 million to $120 million.

JELD-WEN operates facilities in 14 countries across North America and Europe and employs approximately 16,000 associates. The company manufactures interior and exterior doors, windows, and related building products.

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