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 ( JELD ) 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 ( JELD ) 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/Mis Actual Consensu

s s

Estimate

Q3 Miss $809.50 $826.43

Revenue mln mln (8

Analysts

)

Q3 EPS Miss -$4.30 $0.13 (8

Analysts

)

Q3 Net -$367.60

Income mln

Q3 5.50%

Adjusted

EBITDA

Margin

Q3 -$202.50

Operatin mln

g Income

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 ( JELD ) 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:

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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.)