JELD-WEN’s fourth quarter drew a positive market response, with management crediting disciplined execution and operational improvements as key drivers in a tough environment. CEO William Christensen pointed to stronger-than-anticipated sales and improved on-time delivery, despite ongoing softness across both new construction and repair markets. The company’s structural cost-reduction measures, including a significant workforce reduction, helped mitigate volume pressure and support a more stable foundation. Management acknowledged that while in-period timing benefits aided results, underlying performance gains reflected tighter working capital and improved service consistency.
Is now the time to buy JELD? Find out in our full research report (it’s free for active Edge members).
JELD-WEN (JELD) Q4 CY2025 Highlights:
- Revenue: $802 million vs analyst estimates of $745.2 million (10.5% year-on-year decline, 7.6% beat)
- Adjusted EPS: -$0.42 vs analyst expectations of -$0.29 (44.3% miss)
- Adjusted EBITDA: $14.8 million vs analyst estimates of $7.91 million (1.8% margin, 87.1% beat)
- EBITDA guidance for the upcoming financial year 2026 is $125 million at the midpoint, below analyst estimates of $145.4 million
- Operating Margin: -1.8%, up from -5.7% in the same quarter last year
- Organic Revenue fell 8% year on year
- Market Capitalization: $173.9 million
While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.
Our Top 5 Analyst Questions From JELD-WEN’s Q4 Earnings Call
- Susan Maklari (Goldman Sachs) asked how aggressively JELD-WEN would balance pricing and volume given ongoing cost headwinds. CEO William Christensen explained that pricing actions are largely in place, with further volume loss accepted to protect margins.
- Maklari (Goldman Sachs) followed up on operational progress, specifically the rollout of the new manufacturing system. Christensen shared that about 85% of sites have adopted the new system, significantly improving local ownership and service reliability.
- Maklari (Goldman Sachs) further questioned how these operational changes would support future productivity and share recovery. CFO Samantha Stoddard said over half of cost actions are fully executed, with scaling of operating model and ongoing productivity projects expected to drive benefits in 2026.
- No additional analyst questions on the call.
- No additional analyst questions on the call.
Catalysts in Upcoming Quarters
In the quarters ahead, our analysts will closely monitor (1) the pace and consistency of service improvements across JELD-WEN’s manufacturing facilities, (2) the realization of productivity gains and cost reductions from recent operational changes, and (3) the outcome of strategic reviews, particularly regarding the European business. Execution on liquidity initiatives and stabilization of end-market demand will also be critical signposts.
JELD-WEN currently trades at $2.02, down from $2.10 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it’s free).
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