JELD-WEN Holding Inc (JELD) Q4 2025 Earnings Call Highlights: Navigating Market Challenges with …

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Thu, February 19, 2026 at 4:00 AM GMT+9 4 min read

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**Fourth Quarter Net Revenue:** $802 million, down 10% year-over-year from $896 million.

**Core Revenue Decline:** 8%, primarily due to lower volume.

**Adjusted EBITDA:** $15 million or 1.8% of sales, compared to $40 million or 4.5% of sales in the prior year.

**Full Year Sales:** $3.2 billion.

**Full Year Adjusted EBITDA:** $120 million.

**Free Cash Flow:** Approximately $20 million ahead of expectations.

**Sale Leaseback Proceeds:** $38 million from Coral Springs, Florida facility.

**Cash Position:** $136 million at year-end.

**Net Debt Leverage:** 8.6 times at year-end.

**North America Revenue:** $522 million, down from $640 million in the prior year.

**North America Adjusted EBITDA:** $14 million, down from $42 million last year.

**Europe Revenue:** $280 million, up from $256 million in the prior year.

**Europe Adjusted EBITDA:** $12 million, down from $17 million last year.

**2026 Revenue Guidance:** $2.95 billion to $3.1 billion.

**2026 Adjusted EBITDA Guidance:** $100 million to $150 million.

**2026 Operating Cash Flow Guidance:** Approximately $40 million.

**2026 Capital Expenditures Guidance:** Approximately $100 million.

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Release Date: February 18, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

JELD-WEN Holding Inc (NYSE:JELD) delivered results at the high end of their expectations despite challenging market conditions.

The company achieved stronger-than-expected sales driven by effective sales team efforts and improved operational execution.

JELD-WEN Holding Inc (NYSE:JELD) improved their on-time in full delivery performance, enhancing customer satisfaction.

The company completed a sale leaseback of their Coral Springs facility, generating approximately $38 million in net proceeds, which strengthened their liquidity position.

JELD-WEN Holding Inc (NYSE:JELD) implemented a new manufacturing operating system across North America, leading to improved service levels and operational stability.

Negative Points

The macro environment remained soft, with continued pressure on demand across new construction and repair and remodel sectors.

JELD-WEN Holding Inc (NYSE:JELD) experienced a 10% year-over-year decline in fourth-quarter net revenue due to lower volumes.

Adjusted EBITDA for the fourth quarter decreased significantly to $15 million from $40 million in the prior year, driven by lower volumes and ongoing price and cost pressures.

The company faced a net debt leverage increase to 8.6 times at year-end, primarily due to earnings pressure rather than incremental borrowing.

JELD-WEN Holding Inc (NYSE:JELD) anticipates continued market challenges in 2026, with expectations of a decline in core revenue between 5% and 10%.

 






Story Continues  

Q & A Highlights

Q: Can you elaborate on the price versus volume dynamic and how it might change throughout the year? A: William Christensen, CEO: Our pricing actions are largely in place for 2026, following negotiations with customers. We anticipate a slight headwind from price-cost dynamics due to some inflation in input costs like glass. We are positioned to manage these dynamics effectively, maintaining strong customer partnerships. Samantha Stoddard, CFO: We expect pricing to be fully reflected in our financials by Q2, with Q1 showing a year-over-year decline due to the timing of price implementation and other factors like the Towanda divestiture.

Q: Regarding the improvements at the Kissimmee facility, how are you implementing these changes across the business, and how might this impact productivity and market share? A: William Christensen, CEO: We are about 85% through implementing our new operating system across all sites, focusing on local management and customer service. This system is helping us control what we can, even in a challenging market. Productivity improvements are ongoing, and while volume recovery would enhance these efforts, we are making significant progress. Samantha Stoddard, CFO: The improvements are reflected in our 2026 guidance, with structural cost actions and productivity projects contributing to expected gains.

Q: How do you plan to manage the expected headwinds from market volume and share loss in 2026? A: William Christensen, CEO: We anticipate a $25 million EBITDA reduction from market volume and mix, and a $60 million impact from share loss due to pricing discipline and past service challenges. We are addressing these through rightsizing the business, improving productivity, and leveraging our transformation program to offset these headwinds.

Q: What is your outlook for the European market, and how does it factor into your 2026 guidance? A: William Christensen, CEO: We expect the European market to stabilize with flat year-over-year volumes. Our guidance assumes no material improvement but also no further deterioration. We are managing the business with a focus on pricing discipline and operational execution, without relying on external market recovery.

Q: Can you discuss your liquidity position and any strategic actions you are considering to strengthen it? A: William Christensen, CEO: Our liquidity remains strong, with $136 million in cash and $350 million available on our revolver. We are evaluating strategic options, including the review of our European business and potential sale-leaseback opportunities, to enhance financial flexibility and preserve long-term value.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

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