Jeld-Wen Holding, Inc. announced results for the second quarter of 2025; ending June 28, 2025. Comparability is to the same period in the prior year.
Second Quarter Highlights
- Net revenues of $823.7 million decreased (16.5%) in the second quarter driven by a decrease in Core Revenues of (13%) combined with a decrease in net revenues from the court-ordered divestiture of Towanda of (5%). These were partially offset by a favorable foreign exchange impact of 1%. The decline in Core Revenues was driven by a (14%) decrease in volume/mix, partially offset by a 1% benefit from price realization.
- Net loss from continuing operations was ($22.3) million or ($0.26) per share, compared to net loss from continuing operations of ($18.5) million, or ($0.22) per share, during the same quarter a year ago. Operating (loss) income margin was (1.7%) and 0.5% for the quarters ended June 28, 2025 and June 29, 2024, respectively.
- Adjusted EBITDA from continuing operations was $39.0 million, a decrease of ($45.8) million compared to $84.8 million during the same quarter a year ago. Adjusted EBITDA Margin from continuing operations was 4.7%, a decrease of (390) basis points in the second quarter due to unfavorable volume/mix, partially offset by favorable productivity and lower SG&A expense.
What Jeld-Wen leadership says
"While the second quarter brought continued challenges, we managed the uncertainty effectively, delivering cost reductions across the business," says Chief Executive Officer William J. Christensen. "We are making steady progress improving quality and service, though we recognize there is more work ahead. That focus, combined with disciplined execution, is helping us navigate a still-uncertain macro environment. As always, we remain committed to meeting our customers' needs and positioning the business for long-term success as demand returns to more normalized levels."
