JELD-WEN Q4 Revenue Falls 10% to $802M, EBITDA Dips to $15M; Guides $100–150M in 2026
JELD-WEN’s Q4 net revenue fell 10% to $802 million with adjusted EBITDA of $15 million (1.8% margin) down from $40 million, driven by lower volumes and a $41 million divestiture hit. The company set a 2026 outlook of $2.95–3.1B revenue, $100–150M EBITDA, roughly $60M cash use and 14% headcount reductions.
1. Q4 Financial Performance
JELD-WEN’s fourth-quarter net revenue declined 10% to $802 million, while adjusted EBITDA dropped to $15 million (1.8% margin) from $40 million (4.5% margin) a year earlier, as lower volumes and persistent price-cost pressures weighed on profitability.
2. Full-Year 2025 Results and Cost Actions
For fiscal 2025, the company achieved $3.2 billion in sales and $120 million of adjusted EBITDA, hitting the top end of its guidance despite softer-than-expected retail and new housing demand. Structural cost actions included a 14% reduction in full-time positions (around 2,300 roles) and targeted productivity gains to offset inflationary headwinds.
3. 2026 Outlook and Liquidity
Management issued conservative 2026 guidance projecting $2.95–3.1 billion in net revenue, $100–150 million of adjusted EBITDA and about $60 million of free cash flow use. The plan prioritizes disciplined pricing, anticipates a revolver draw in Q1, and leaves the company with $136 million cash, $350 million revolver availability and 8.6x net debt leverage.