JELD-WEN Reports 16.5% Revenue Decline and $21.5 Million Net Loss in Q2 2025

JELD-WEN Holding, Inc. reported a significant decline in financial performance for the second quarter of 2025, with net revenues falling to $823.7 million, a decrease of 16.5% from $986.0 million in the same period last year. The company's gross margin also decreased by 24.5% to $143.4 million, resulting in a gross margin percentage of 17.4%, down from 19.3%. The decline in revenues was attributed primarily to a 13% drop in Core Revenues, driven by a 14% decrease in volume/mix, partially offset by a 1% benefit from price realization. The company also experienced a net loss of $21.5 million, compared to a loss of $18.5 million in the prior year.

In the first half of 2025, JELD-WEN's net revenues totaled $1.6 billion, down 17.8% from $1.9 billion in the same period of 2024. The decrease was largely due to a 14% decline in Core Revenues and a 4% drop in revenues from the court-ordered divestiture of Towanda. The company recorded a goodwill impairment charge of $137.7 million, which significantly impacted its financial results. Adjusted EBITDA from continuing operations also fell sharply, decreasing by 60.3% to $60.9 million for the six months ended June 28, 2025.

Strategically, JELD-WEN completed the court-ordered divestiture of its Towanda operations in January 2025 for approximately $115 million. This divestiture was part of a broader restructuring effort aimed at improving operational efficiency and reducing costs. The company has also been actively managing its workforce, resulting in a reduction in selling, general, and administrative expenses, which decreased by 11.9% to $148.5 million in the second quarter of 2025.

Operationally, JELD-WEN's North America segment saw a 21.8% decline in revenues, while the Europe segment experienced a smaller decrease of 2.7%. The company reported a total employee headcount reduction as part of its restructuring initiatives, which contributed to lower SG&A expenses. The company continues to face challenges from macroeconomic conditions, including inflation and elevated interest rates, which have affected demand for its products.

Looking ahead, JELD-WEN anticipates ongoing challenges in the market, particularly with the potential for further declines in demand and the impact of rising costs. The company is focused on improving its operational efficiency and managing its liquidity, which stood at $528 million as of June 28, 2025. JELD-WEN remains committed to its strategic transformation initiatives and is monitoring market conditions closely to adapt its strategies accordingly.