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JELD-WEN Reports First Quarter 2025 Results
JELD-WEN Holding, Inc. (NYSE: JELD) ("JELD-WEN" or the "Company") today announced results for the three months ended March 29, 2025. Comparability is to the same period in the prior year.
About this update from Jeld-wen Holding, Inc.
[{"type":"text","content":"CHARLOTTE, N.C., May 5, 2025 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) ("JELD-WEN" or the "Company") today announced results for the three months ended March 29, 2025. Comparability is to the same period in the prior year.","length":252,"tagName":"p"},{"type":"image","alt":"Headquartered in Charlotte, N.C., JELD-WEN Holding, Inc. is a leading global manufacturer of high-performance interior and exterior building products, offering one of the broadest selections of windows, interior and exterior doors, and wall systems. (PRNewsfoto/JELD-WEN Holding, Inc.)","displaySize":"","headline":null,"caption":"Headquartered in Charlotte, N.C., JELD-WEN Holding, Inc. is a leading global manufacturer of high-performance interior and exterior building products, offering one of the broadest selections of windows, interior and exterior doors, and wall systems. (PRNewsfoto/JELD-WEN Holding, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/a8ef9bb3d3ac506eb08c90d711ac9465"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/SlkZmmeV7wF8QFJl.a.cRA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/a8ef9bb3d3ac506eb08c90d711ac9465","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/1503082/JW_New_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"First Quarter Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net revenues of $776.0 million decreased (19.1%) in the first quarter driven by the court-ordered divestiture of our Towanda facility along with a (15%) Core Revenue decline as a result of (16%) lower volume/mix due to weak macro-economic conditions.","length":250,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss was ($179.8) million or ($2.12) per share, compared to net loss of ($27.7) million, or ($0.32) per share, during the same quarter a year ago. The net loss includes a non-cash goodwill impairment charge related to the North America reporting unit of approximately $125 million. Operating loss margin was (22.1%) and (2.9%) for the quarters ended March 29, 2025 and March 30, 2024, respectively.","length":402,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA...