JELD-WEN Holding, Inc. reported Adjusted EBITDA from continuing operations of $14.8 million for the quarter ended December 31, 2025, a 63% decrease from $40.1 million in the same period last year, driven by negative price/cost and unfavorable volume/mix.
Net loss from continuing operations was $40.1 million, compared to a net loss of $68.4 million in the fourth quarter of 2024. Adjusted net loss from continuing operations was $35.6 million.
Net revenues decreased by 11% to $802.0 million, driven by an 8% decrease in Core Revenues due to volume/mix declines. A 5% reduction from the court-ordered divestiture of Towanda was partially offset by a 3% favorable foreign exchange impact.
For the full year 2025, net revenues decreased by 15% to $3.21 billion, with Core Revenues down 12% on a 13% volume/mix decline. Net loss from continuing operations was $620.1 million, which included $334.6 million in non-cash goodwill impairment charges and a $129.2 million valuation expense against U.S. tax attributes. Adjusted EBITDA from continuing operations for the full year was $120.1 million, compared to $275.2 million in 2024.
"Fourth-quarter results came in at the high end of our expectations, reflecting disciplined execution and a clear focus on operational and cost rigor," said Chief Executive Officer William J. Christensen. "We are operating in a challenging environment, and performance this quarter was driven by deliberate actions across the business to adapt to current market conditions."
JELD-WEN introduced its full-year 2026 guidance, expecting revenues in the range of $2.95 to $3.1 billion, reflecting a core revenue decline of 5% to 10% compared to 2025. The company expects Adjusted EBITDA to be in the range of $100 to $150 million, reflecting significant cost reductions, partially offset by continued volume pressure.
JELD-WEN Holding, Inc. is a global designer, manufacturer and distributor of high-performance interior and exterior doors, windows, and related building products serving the new construction and repair and remodeling sectors.
