JELD-WEN Holding, Inc. · NYSE:JELD
JELD-WEN — Q3 2026 Earnings Presentation
30 slides from JELD-WEN's earnings presentation, Nov 4, 2026
Slide 1: Third Quarter 2026 Results
Third Quarter 2026 Results November 3, 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 November 3, 2026. Actual results may differ materially from those set forth in such
Slide 4: Third Quarter 2026 Summary
Third Quarter 2026 Summary Third Quarter 2026 ▪ Sales of $799 million ▪ Adjusted EBITDA of $54 million ❑ 6.8% of sales ▪ Concluded strategic review of Europe ▪ Launched debt refinancing tender / exchange BUILDING MOMENTUM AND FINANCIAL FLEXIBILITY 4
Slide 5: Q3 2026 Financial Results
Q3 2026 Financial Results
Slide 6: Q3 2026 Financial Summary
Q3 2026 Financial Summary USD in Millions Net Revenue Adjusted EBITDA Adjusted EBITDA Margin +23% +130 bps -1% $809 $799 $54 6.8% $44 5.5% Q3 2025 Q3 2026 Q3 2025 Q3 2026 Q3 2025 Q3 2026 Core Revenue down (1%) driven Productivity gains & cost savings driving higher earnings by lower volume / mix MAR
Slide 7: Q3 2026 Revenue Bridge
Q3 2026 Revenue Bridge USD in Millions $11 $809 ($19) $799 ($3) Core Revenue (1%) Q3 2025 Price Volume / Mix Foreign Exchange Q3 2026 Note: Amounts do not foot due to rounding VOLUME / MIX HEADWINDS CONTINUE TO STABILIZE 7
Slide 8: Q3 2026 Adjusted EBITDA Bridge
Q3 2026 Adjusted EBITDA Bridge USD in Millions $7 $54 $12 $44 $10 ($14) ($6) Adj. Margin Adj. Margin 5.5% 6.8% Q3 2025 Price / Cost Volume / Mix Productivity Tariff Refund SG&A / Other Q3 2026 Income / FX Note: Amounts do not foot due to rounding PRICE / COST HEADWINDS OFFSET BY COST REDUCTIONS AND
Slide 9: Q3 2026 Segment Results
Q3 2026 Segment Results USD in Millions Segment Highlights North America Q3 2026 Q3 2025 Q2 2026 ▪ North America revenue (Prior Year) (Previous Quarter) Net Revenue $530 $546 $529 down (3%) year-over-year Adjusted EBITDA $48 $38 $41 • Core revenue down (3%) Adjusted EBITDA margin 9.1% 6.9% 7.7% • Ma
Slide 10: Outlook
Outlook
Slide 11: Market Outlook 2026
Market Outlook 2026 North America Europe Mid Single-Digit* Low Single-Digit* Volume Decline Volume Decline New single-family construction Residential construction Down mid single-digits* Down low single-digits* Repair & Remodel Commercial projects Down mid single-digits Down low single-digits* Multi
Slide 12: 2026 Guidance
2026 Guidance Net Revenue Operating Cash Flow $3.1B to $3.2B ~$10M Core Revenue Cap Ex Down (2%) to (5%) ~$85M Adjusted EBITDA Free Cash Flow $120M to $150M ~($75M) MAINTAINING GUIDANCE 12
Slide 13: 2026 Guidance Bridge
2026 Guidance Bridge Adjusted EBITDA; USD in Millions $35 $135 ($8) $118 $85 ($30) ($5) ($60) 2025 EBITDA Market Share Loss Price / Cost Rightsizing Transformation Other / FX 2026 EBITDA Volume / Mix Volume / Mix Business / Carryover Guidance Base Midpoint Productivity SHARE RECOVERY OFFSETTING MARK
Slide 14: North American On-Time, In-Full Rates (OTIF)
North American On-Time, In-Full Rates (OTIF) 90% Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 RECOVERY FOLLOWING SUMMER WILDFIRES 14
Slide 15: Operational Improvements and Cost Management
JELD-WEN Next Steps Operational Cost Improvements Management DISCIPLINED EXECUTION DRIVING RESULTS 15
Slide 16: Appendix
Appendix
Slide 17: Key Assumptions for 2026
Key Assumptions for 2026 USD in Millions Key Assumption 2026 Estimate Depreciation and Amortization ~$115 Interest Expense, net $80 to $85 Cash Taxes Paid $7 to $15 Diluted Share Count ~86 million ✓ Full-year EBITDA split ~35% in 1H ✓ Price / Cost negative vs 2025 ✓ Foreign exchange translation tail
Slide 18: Q3 2026 Net Revenue Walk
Q3 2026 Net Revenue Walk Q3 2026 JELD-WEN North America Europe Price 1% -% 4% Volume / Mix (2%) (3%) (1%) Core Revenue Growth (1%) (3%) 3% FX -% -% (1%) Total (1.4%) (3.0%) 2.1% 18
Slide 19: Q3 YTD 2026 Revenue Bridge
Q3 YTD 2026 Revenue Bridge USD in Millions $18 $2,409 $36 $2,338 ($118) ($7) Core Revenue (4%) YTD 2025 Price Volume / Mix Court-Ordered Foreign Exchange YTD 2026 Divestiture LOWER VOLUME / MIX FROM MARKET HEADWINDS 19
Slide 20: Q3 YTD 2026 Adjusted EBITDA Bridge
Q3 YTD 2026 Adjusted EBITDA Bridge USD in Millions $105 $15 $103 $13 $68 ($64) Adj. Margin Adj. Margin 4.4% 4.4% ($33) YTD 2025 Price / Cost Volume / Mix Productivity Tariff Refund SG&A / Other YTD 2026 Income PRICE / COST HEADWINDS FROM COMPETITIVE MARKET 20
Slide 21: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow USD in Millions Cash Flow (YTD) Q3 2026 Q3 2025 Net cash used in operating activities ($73) ($38) Capital Expenditures(1) ($57) ($104) Free Cash Flow(2) ($130) ($142) Balance Sheet September 26, 2026 December 31, 2025 Total Debt $1,281 $1,173 Cash $97 $136 Net Debt(3) $1,
Slide 22: Adjusted Net Income (Loss) From Continuing Operations Reconciliation
Adjusted Net Income (Loss) From Continuing Operations Reconciliation USD in Millions Three Months Ended Nine Months Ended (amounts in millions) September 26, 2026 September 27, 2025 September 26, 2026 September 27, 2025 Loss from continuing operations, net of tax $ (17.2) $ (367.6) $ (125.6) $ (580.
Slide 23: Adjusted Net Income (Loss) Per Share Reconciliation
Adjusted Net Income (Loss) Per Share From Continuing Operations Reconciliation Three Months Ended Nine Months Ended September 26, 2026 September 27, 2025 September 26, 2026 September 27, 2025 Diluted loss per share from continuing operations $ (0.20) $ (4.30) $ (1.45) $ (6.81) Special items:(1) Net
Slide 24: Adjusted EBITDA From Continuing Operations Reconciliation
Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Three Months Ended Nine Months Ended (amounts in millions) September 26, 2026 September 27, 2025 September 26, 2026 September 27, 2025 Loss from continuing operations, net of tax $ (17.2) $ (367.6) $ (125.6) $ (580.0) Income t
Slide 25: Q3 2026 QTD Segment Adjusted EBITDA Reconciliation
Q3 2026 QTD Segment Adjusted EBITDA Reconciliation USD in Millions Three Months Ended September 26, 2026 Corporate and North Unallocated Total (amounts in millions) America Europe Costs Consolidated Income (loss), net of tax $ 21.2 $ (6.9) $ (31.5) $ (17.2) Income tax (benefit) expense 0.3 2.6 (0.1)
Slide 26: 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 27: Q2 2026 QTD Segment Adjusted EBITDA Reconciliation
Q2 2026 QTD Segment Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Three Months Ended June 27, 2026 Corporate and North Unallocated Total (amounts in millions) America Europe Costs Consolidated Income (loss) from continuing operations, net of tax $ 26.9 $ (3.4) $ (55.0) $
Slide 28: Q3 2026 YTD Segment Adjusted EBITDA Reconciliation
Q3 2026 YTD Segment Adjusted EBITDA Reconciliation USD in Millions Nine Months Ended September 26, 2026 Corporate and North Unallocated Total (amounts in millions) America Europe Costs Consolidated Income (loss), net of tax $ 13.1 $ (20.4) $ (118.3) $ (125.6) Income tax expense (benefit) 1.9 9.2 (0.
Slide 29: Q3 2025 YTD Segment Adjusted EBITDA Reconciliation
Q3 2025 YTD Segment Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Nine Months Ended September 27, 2025 Corporate and North Unallocated Total (amounts in millions) America Europe Costs Consolidated Loss from continuing operations, net of tax $ (333.6) $ (160.8) $ (85.7) $
Slide 30: Q3 2026 TTM Adjusted EBITDA Reconciliation
Q3 2026 TTM Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Trailing Twelve Months Ended (amounts in millions) September 26, 2026 December 31, 2025 Loss from continuing operations, net of tax $ (167.8) $ (622.2) Income tax expense 12.9 147.9 Depreciation and amortization 11