JELD-WEN Holding, Inc. (NYSE: JELD) reported that fourth-quarter revenue decreased 10.5% to $802.0 million from 40.1 million, or $0.47 per share, compared with a net loss of $68.4 million, or $0.81 per share, in the fourth quarter of 2024.
Latest Quarterly Results
Consolidated revenue for the quarter ended Dec. 31, 2025, totaled 40.1 million. Revenue growth was negative 10.5% year-over-year. The quarterly net loss narrowed by 41.4% compared to the $68.4 million loss recorded in the same period a year ago.
North America: Net revenues were $522.0 million, a decrease of 18.4% from $639.8 million. Core revenues declined 12%, driven by a 12% decrease in volume/mix attributed to weakened market demand. Net income from continuing operations for the segment was $68.1 million.
Europe: Net revenues were $280.0 million, an increase of 9.4% from $255.9 million. The result included a 9% favorable foreign exchange impact. Core revenues increased 1%, with the segment recording a net loss from continuing operations of $12.1 million.
Full-Year Results Context
Annual revenue for 2025 was $3.21 billion, a 14.9% decrease from 620.1 million, compared to $187.6 million in the prior year. Directional trends indicate a contraction in annual revenue and a widening of the annual net loss.
Business & Operations Update
JELD-WEN reported a non-cash goodwill impairment charge of 129.2 million valuation expense against U.S. tax attributes. Operational restructuring included a realignment of the workforce and targeted cost actions. The company operates facilities in 14 countries and employs approximately 13,900 associates.
M&A or Strategic Moves
The company completed the court-ordered divestiture of its Towanda facility in the first quarter of 2025, receiving 37.6 million.
Guidance & Outlook
For 2026, the company issued revenue guidance between $2.95 billion and $3.1 billion. This range reflects an expected core revenue decline of 5% to 10% and a foreign exchange benefit of approximately 100 million to $150 million and operating cash flow of approximately $40 million.
Performance Summary
Fourth-quarter revenue was $802.0 million.
Net loss narrowed to $40.1 million.
North America revenue decreased 18.4% while Europe revenue increased 9.4%.
Full-year 2025 revenue contracted 14.9%.
2026 revenue guidance is set between $2.95 billion and $3.1 billion.
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