JELD-WEN Holding, Inc. reported a significant decline in its financial performance for the fiscal year ended December 31, 2025, with net revenues falling to $3.21 billion, a decrease of 14.9% from $3.78 billion in 2024. The decline was primarily attributed to a 12% drop in Core Revenues, driven by a 13% decrease in volume/mix, although there was a slight offset from a 1% benefit from price realization. The company's gross margin also decreased by 25.4% to $514.2 million, resulting in a gross margin percentage of 16.0%, down from 18.2% in the previous year.
The company faced substantial challenges, including a goodwill impairment charge of $334.6 million, which significantly impacted its bottom line, leading to a net loss of $621.2 million compared to a loss of $189.0 million in 2024. Selling, general, and administrative expenses (SG&A) decreased by 15.5% to $551.1 million, primarily due to reduced professional fees and lower salaries resulting from a reduction in headcount. Despite these cost-cutting measures, the overall financial results reflected the adverse market conditions affecting demand for JELD-WEN's products.
Strategically, JELD-WEN completed the sale of its Australasia business on July 2, 2023, which has been classified as discontinued operations. This divestiture was part of the company's broader strategy to streamline operations and focus on core markets. The company operates 76 manufacturing and distribution facilities across 14 countries, with a workforce of approximately 13,900 employees as of December 31, 2025. The North America segment accounted for 67.1% of total revenues, while Europe contributed 32.9%.
Looking ahead, JELD-WEN anticipates continued challenges in the North American market due to high interest rates and inflationary pressures affecting construction and remodeling activities. The company expects that its total market opportunity will include residential, non-residential, and repair and remodel applications, but it acknowledges that the economic environment may hinder growth. The company remains focused on optimizing its global footprint and enhancing productivity to improve profit margins, while also navigating the complexities of a highly competitive market landscape.
About JELD-WEN Holding, Inc.
JELD-WEN Holding, Inc. is a global manufacturer and distributor of high-performance interior and exterior doors, windows, and related building products for residential and non-residential markets. Its brands serve diverse customer channels across North America and Europe, emphasizing innovation, quality, and supply chain efficiency. The company focuses on sustainable manufacturing, strategic footprint optimization, and product diversification to deliver value and competitive advantages in the construction industry.
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