Jeld-Wen Holding's net revenues for the three months ended June 28, 2025, were $823.7 million, a decrease of $162.3 million, or 16.5%, compared to $986.0 million for the same period last year. The decrease in net revenues was primarily driven by a decrease in Core Revenues of 13% and a decrease in net revenues from the court-ordered divestiture of Towanda of 5%. These were partially offset by a favorable foreign exchange impact of 1%. The decline in Core Revenues was driven by a 14% decrease in volume/mix, partially offset by a 1% benefit from price realization.
Net loss from continuing operations was $22.3 million in the Q2, similar to a net loss from continuing operations of $18.5 million in the same period last year. Adjusted Net Loss from continuing operations for the Q2 was $3.4 million, a decrease of $32.8 million compared to Adjusted Net Income from continuing operations of $29.4 million in the same period last year.
Adjusted EBITDA from continuing operations was $39.0 million, a decline of $45.8 million compared to $84.8 million during the same quarter last year. While we drove significant improvements from its transformation activities, these benefits were more than offset by the impact of lower sales, negative price/cost and the associated loss of productivity. Adjusted EBITDA Margin from continuing operations was 4.7%, a decrease of 390 basis points in the Q2 due to unfavorable volume/mix, partially offset by favorable productivity and lower SG&A.
"While the Q2 brought continued challenges, we managed the uncertainty effectively, delivering cost reductions across the business," said Chief Executive Officer William J. Christensen. "We are making steady progress improving quality and service, though we recognize there is more work ahead. That focus, combined with disciplined execution, is helping us navigate a still-uncertain macro environment. As always, we remain committed to meeting our customers' needs and positioning the business for long-term success as demand returns to more normalized levels."
Jeld-Wen Holding, Inc. is a leading 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.
