Jeld-wen Holding, Inc. · NYSE:JELD
Jeld-wen — Q4 2025 Earnings Presentation
30 slides from Jeld-wen's earnings presentation, Feb 18, 2026
Slide 1: Fourth Quarter & Full Year 2025 Results
Fourth Quarter & Full Year 2025 Results February 18, 2026
Slide 2: Speakers
Speakers Bill Christensen CEO Samantha Stoddard CFO
Slide 3: Disclosures
Disclosures Certain statements in this presentation, including our guidance and business strategies, are forward- looking statements that involve risk, uncertainty and assumptions, and are based on information as of February 18, 2026. Actual results may differ materially from those set forth in such
Slide 4: Fourth Quarter and Full Year 2025 Summary
Fourth Quarter and Full Year 2025 Summary Fourth Quarter 2025 ▪ Results at high end of expectations ❑ Sales of $802 million ❑ Adjusted EBITDA of $15 million ▪ Labor and cost actions executed in Q4 Full Year 2025 ▪ Sales of $3.211 billion ▪ Adjusted EBITDA of $120 million COST DISCIPLINE THROUGH CONT
Slide 5: Q4 2025 Financial Results
Q4 2025 Financial Results
Slide 6: Q4 2025 Financial Summary
Q4 2025 Financial Summary USD in Millions Net Revenue Adjusted EBITDA Adjusted EBITDA Margin -270 bps -10% -63% $896 $40 4.5% $802 $15 1.8% Q4 2024 Q4 2025 Q4 2024 Q4 2025 Q4 2024 Q4 2025 Core Revenue down (8%) driven Volume/mix & price/cost headwinds driving lower earnings by lower volume/mix MACRO
Slide 7: Q4 2025 Revenue Bridge
Q4 2025 Revenue Bridge USD in Millions $896 $2 ($77) $22 $802 ($41) Core Revenue (8%) Q4 2024 Price Volume/Mix Court-Ordered Foreign Exchange Q4 2025 Towanda Divestiture LOWER VOLUME/MIX CONTINUES 7
Slide 8: Q4 2025 Adjusted EBITDA Bridge
Q4 2025 Adjusted EBITDA Bridge USD in Millions $40 $12 ($21) $15 ($7) $12 Adj. Margin Adj. Margin 4.5% 1.8% ($21) Q4 2024 Price/Cost Volume/Mix Productivity SG&A/Other Income Court-Ordered Q4 2025 Towanda Divestiture LOWER VOLUME/MIX OFFSET COST SAVINGS MEASURES 8
Slide 9: Q4 2025 Segment Results
Q4 2025 Segment Results USD in Millions Segment Highlights North America Q4 2025 Q4 2024 Q3 2025 ▪ North America revenue down (Prior Year) (Previous Quarter) Net Revenue $522 $640 $546 (18%) year-over-year Adjusted EBITDA $14 $42 $38 • Core revenue down (12%) year- over-year Adjusted EBITDA margin 2
Slide 10: Outlook
Outlook
Slide 11: Market Outlook
Market Outlook North America Europe Low-to-Mid Stable Single-Digit Volumes Volume Decline New single-family construction Residential construction Down low single-digits Stable year-over-year Repair & Remodel Commercial projects Down mid single-digits Stable year-over-year Multi-family & Canada Appro
Slide 12: 2026 Guidance
2026 Guidance Net Revenue Operating Cash Flow $2.95B to $3.1B ~$40M Core Revenue Cap Ex Down (5%) to (10%) ~$100M Adjusted EBITDA Free Cash Flow $100M to $150M ~($60M) SIGNIFICANT LIQUIDITY ON HAND WHILE EXPLORING OPTIONS TO DE -LEVER 12
Slide 13: 2026 Guidance Bridge
2026 Guidance Bridge Adjusted EBITDA; USD in Millions $35 $125 $120 ($10) $75 ($25) ($60) ($10) 2025 EBITDA Market Share Loss Price/Cost Rightsizing Transformation Compensation/ 2026 EBITDA Volume/Mix Volume/Mix Business/Base Carryover Timing/ Guidance Productivity FX/Other Midpoint PRODUCTIVITY AND
Slide 14: Delivery Improvement from Strategic A3 Process at Kissimmee
Delivery Improvement from Strategic A3 Process at Kissimmee Delivery OTLFR 2025 96% 95% 55% 2024 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Target 95% Past Dues ($M) >5 1.8 ~0 2024 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Target $0.2M SIMILAR PROCESS IMPROVEMENTS ACROSS THE COMPANY 14
Slide 15: Strategic Review of Europe
JELD-WEN Next Steps Strategic Rightsizing Drive Review of North Customer Europe America Service REDEFINING HOW JELD-WEN COMPETES 15
Slide 16: Appendix
Appendix
Slide 17: Potential Impact of Tariffs
Potential Impact of Tariffs USD in Millions – Tariffs as of February 11th 2025 North America Direct Percent of Material Costs By Country With Exposure to Tariffs Material Costs Exposed to Tariffs Tier 1 13% 14% 7% Tier 2 79% No Exposure 7% ▪ Annual tariff impact: ~$40M - Approx. $32M impact in 2026
Slide 18: Q4 2025 Net Revenue Walk
Q4 2025 Net Revenue Walk Q4 2025 JELD-WEN North America Europe Price -% -% 2% Volume/Mix (8%) (12%) (1%) Core Revenue Growth (8%) (12%) 1% FX 3% -% 9% Court-Ordered Divestiture (5%) (6%) -% Total (10.5%) (18.4%) 9.4% 18
Slide 19: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow USD in Millions Cash Flow (YTD) Q4 2025 Q4 2024 Net cash (used in) provided by operating ($5) $106 activities Capital Expenditures(1) ($136) ($174) Free Cash Flow(2) ($141) ($68) Balance Sheet December 31, 2025 December 31, 2024 Total Debt $1,173 $1,183 Cash $136 $150 Net
Slide 20: Full Year 2025 Revenue Bridge
Full Year 2025 Revenue Bridge USD in Millions $3,776 $20 ($467) $42 $3,211 ($159) Core Revenue (12%) YTD 2024 Price Volume/Mix Court-Ordered Foreign Exchange YTD 2025 Note: Amounts do not foot due to rounding Towanda Divestiture LOWER VOLUME/MIX FROM PERSISTING MARKET HEADWINDS 20
Slide 21: Full Year 2025 Adjusted EBITDA Bridge
Full Year 2025 Adjusted EBITDA Bridge USD in Millions $275 ($47) $47 $120 $14 ($31) ($138) Adj. Margin Adj. Margin 7.3% 3.7% YTD 2024 Price/Cost Volume/Mix Productivity SG&A/Other Income Court-Ordered YTD 2025 Towanda Divestiture LOWER VOLUME/MIX OFFSETS COST SAVINGS MEASURES 21
Slide 22: Adjusted Net (Loss) Income From Continuing Operations Reconciliation
Adjusted Net (Loss) Income From Continuing Operations Reconciliation USD in Millions Three Months Ended Year Ended (amounts in millions) December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Loss from continuing operations, net of tax $ (40.1) $ (68.4) $ (620.1) $ (187.6) Special i
Slide 23: Adjusted Net (Loss) Income Per Share From Continuing Operations Reconciliation
Adjusted Net (Loss) Income Per Share From Continuing Operations Reconciliation Three Months Ended Year Ended December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Diluted loss per share from continuing operations $ (0.47) $ (0.81) $ (7.27) $ (2.21) Impact of additional dilutive sha
Slide 24: Adjusted EBITDA From Continuing Operations Reconciliation
Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Three Months Ended Year Ended (amounts in millions) December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Loss from continuing operations, net of tax $ (40.1) $ (68.4) $ (620.1) $ (187.6) Income tax expense(1
Slide 25: Q4 2025 QTD Segment Adjusted EBITDA Reconciliation
Q4 2025 QTD Segment Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Three Months Ended December 31, 2025 Corporate and North Unallocated Total (amounts in millions) America Europe Costs Consolidated Income (loss) from continuing operations, net of tax $ 68.1 $ (12.1) $ (96.
Slide 26: Q4 2024 QTD Segment Adjusted EBITDA Reconciliation
Q4 2024 QTD Segment Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Three Months Ended December 31, 2024 Corporate and North Unallocated Total (amounts in millions) America Europe Costs Consolidated Income (loss) from continuing operations, net of tax $ 0.1 $ 7.3 $ (75.8) $
Slide 27: Q3 2025 QTD Segment Adjusted EBITDA Reconciliation
Q3 2025 QTD Segment Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Three Months Ended September 27, 2025 Corporate and North Unallocated Total (amounts in millions) America Europe Costs Consolidated Loss from continuing operations, net of tax $ (181.3) $ (153.4) $ (33.0) $
Slide 28: Q4 2025 YTD Segment Adjusted EBITDA Reconciliation
Q4 2025 YTD Segment Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Year Ended December 31, 2025 Corporate and North Unallocated Total (amounts in millions) America Europe Costs Consolidated Loss from continuing operations, net of tax $ (265.5) $ (172.9) $ (181.8) $ (620.1)
Slide 29: Q4 2024 YTD Segment Adjusted EBITDA Reconciliation
Q4 2024 YTD Segment Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Year Ended December 31, 2024 Corporate and North Unallocated Total (amounts in millions) America Europe Costs Consolidated Income (loss) from continuing operations, net of tax $ 82.8 $ (64.3) $ (206.1) $ (1
Slide 30: Q4 2025 TTM Adjusted EBITDA From Continuing Operations Reconciliation
Q4 2025 TTM Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Trailing Twelve Months Ended (amounts in millions) December 31, 2025 December 31, 2024 Loss from continuing operations, net of tax $ (620.1) $ (187.6) Income tax expense 147.9 16.8 Depreciation and amortization 112