Jeld-Wen Holding, Inc. reported Adjusted EBITDA from continuing operations of $44.4 million for the Q3 ended September 27, 2025, a 46% decrease from $81.6 million in the same period last year, due to weakened market demand and negative price/cost pressures, according to the Company.
Net loss from continuing operations was $367.6 million, which included a $196.9 million non-cash goodwill impairment charge and $122.3 million in tax special items. Adjusted net loss from continuing operations was $17.3 million.
Net revenues decreased by 13% to $809.5 million, driven by a 10% decrease in Core Revenues. The decline in Core Revenues was due to an 11% decrease in volume/mix, partially offset by a 1% benefit from price realization.
In North America, net revenues decreased by 19% to $546.1 million, driven by a 13% decline in Core Revenues due to weakened market demand. The segment's Adjusted EBITDA fell to $37.7 million from $74.8 million a year earlier, primarily due to unfavorable volume/mix and negative price/cost.
In Europe, net revenues increased by 3% to $263.3 million, but Core Revenues decreased by 4% due to unfavorable volume/mix from market softness across the region. The segment's Adjusted EBITDA was $16.0 million, relatively flat compared to the prior year.
Net cash used in operating activities was $37.7 million for the first nine months of 2025, compared to cash provided by operating activities of $78.0 million in the same period last year. Free Cash Flow used was $141.6 million.
The company announced it plans to reduce its North America and Corporate workforce by approximately 850 positions, or 11%, by the end of 2025. It has also initiated a strategic review of its European segment.
Jeld-Wen lowered its full-year 2025 revenue guidance to a range of $3.1 to $3.2 billion, which reflects a Core Revenue decline of 10 to 13%. It expects Adjusted EBITDA to be in the range of $105 to $120 million. The company now expects operating cash flow to be an approximate $45 million use of cash, including costs associated with the workforce reduction of $10 to $20 million.
