Jeld-Wen | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 809.48 M

Revenue: As of FY2025 Q3, the actual value is USD 809.48 M, missing the estimate of USD 823.64 M.

EPS: As of FY2025 Q3, the actual value is USD -4.3.

EBIT: As of FY2025 Q3, the actual value is USD -185.1 M.

North America Segment

• Revenues from External Customers: $546.1 million for the three months ended September 27, 2025, compared to $677.9 million for the same period in 2024.
• Adjusted EBITDA from Continuing Operations: $37.7 million for the three months ended September 27, 2025, compared to $74.8 million for the same period in 2024.
• Operating Loss: - $202.5 million for the three months ended September 27, 2025, compared to - $52.4 million for the same period in 2024.

Europe Segment

• Revenues from External Customers: $263.3 million for the three months ended September 27, 2025, compared to $256.8 million for the same period in 2024.
• Adjusted EBITDA from Continuing Operations: $16.0 million for the three months ended September 27, 2025, compared to $16.3 million for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: - $37.7 million for the nine months ended September 27, 2025, compared to $78.0 million provided for the same period in 2024.
• Net Cash Provided by Investing Activities: $9.6 million for the nine months ended September 27, 2025, compared to - $106.4 million used for the same period in 2024.
• Net Cash Used in Financing Activities: - $22.5 million for the nine months ended September 27, 2025, compared to - $50.3 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is exploring strategic alternatives for its Europe business to maximize shareholder value, with no assurance of any transaction or strategic change.
• Non-Core Business: The company completed the court-ordered divestiture of its Towanda operations to Woodgrain Inc. for approximately $115 million, subject to customary closing adjustments.

Other Metrics

• Goodwill Impairment: $196.9 million non-cash goodwill impairment charge recorded in the third quarter of 2025.
• Restructuring and Asset-Related Charges, Net: $8.8 million for the three months ended September 27, 2025, compared to $25.5 million for the same period in 2024.