05:08 AM EST, 11/04/2025 (MT Newswires) -- JELD-WEN ( JELD ) reported a fiscal Q3 adjusted loss Monday of $0.20 per share, swinging from earnings of $0.32 a year earlier.

Analysts polled by FactSet expected earnings of $0.14.

Revenue for the quarter ended Sept. 27 was $809.5 million, compared with $934.7 million a year earlier.

Analysts polled by FactSet expected $823.7 million.

The company lowered its 2025 revenue guidance to between $3.1 billion to $3.2 billion, from the previous range of $3.2 billion to $3.4 billion. Analysts polled by FactSet expect $3.24 billion.

The company said it plans to reduce its North America and Corporate workforce by about 850 positions, representing 11% of those teams, by the end of 2025.

It also announced a strategic review of its European segment as part of ongoing efforts to streamline operations, simplify its portfolio, and improve cost efficiency.

Shares of the company were down over 19% in Tuesday's premarket trading.

Price: 3.40, Change: -0.80, Percent Change: -19.05