Jeld: WEN misses Q3 revenue estimates, net loss widens

Jeld-Wen Holding

03/11/2025 21:47

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 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 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/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$809.50 mln
$826.43 mln (8 Analysts)
Q3 EPS
Miss
-$4.30
$0.13 (8 Analysts)
Q3 Net Income
-$367.60 mln
Q3 Adjusted EBITDA Margin
5.50%
Q3 Operating Income
-$202.50 mln


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 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: ID:nPn9VVK5a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)