Jeld-wen Holding, Inc. · NYSE:JELD
Jeld-wen — Q2 2026 Earnings Presentation
31 slides from Jeld-wen's earnings presentation, Aug 4, 2026
Slide 1: Second Quarter 2026 Results
Second Quarter 2026 Results August 4, 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 August 4, 2026. Actual results may differ materially from those set forth in such st
Slide 4: Second Quarter 2026 Summary
Second Quarter 2026 Summary Second Quarter 2026 ▪ Sales of $818 million ▪ Adjusted EBITDA of $42 million ❑ 5.2% of sales ▪ Disciplined cash management ▪ Strategic review of Europe ongoing INVESTMENTS ARE PAYING OFF 4
Slide 5: Q2 2026 Financial Results
Q2 2026 Financial Results
Slide 6: Q2 2026 Financial Summary
Q2 2026 Financial Summary USD in Millions Net Revenue Adjusted EBITDA Adjusted EBITDA Margin -1% +8% +50 bps $824 $818 $39 $42 5.2% 4.7% Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Core Revenue down (2%) driven Productivity gains & cost savings driving higher earnings by lower volume / mix MARGI
Slide 7: Q2 2026 Revenue Bridge
Q2 2026 Revenue Bridge USD in Millions $5 $824 $9 $818 ($19) Core Revenue (2%) Q2 2025 Price Volume / Mix Foreign Exchange Q2 2026 Note: Amounts do not foot due to rounding VOLUME / MIX HEADWINDS BEGINNING TO STABILIZE 7
Slide 8: Q2 2026 Adjusted EBITDA Bridge
Q2 2026 Adjusted EBITDA Bridge USD in Millions $1 $42 $36 $39 ($29) Adj. Margin Adj. Margin 4.7% ($5) 5.2% Q2 2025 Price / Cost Volume / Mix Productivity SG&A / Other Q2 2026 Income / FX PRODUCTIVITY GAINS MORE THAN OFFSET PRICE / COST HEADWINDS 8
Slide 9: Q2 2026 Segment Results
Q2 2026 Segment Results USD in Millions Segment Highlights North America Q2 2026 Q2 2025 Q1 2026 ▪ North America revenue (Prior Year) (Previous Quarter) Net Revenue $529 $556 $453 down (5%) year-over-year Adjusted EBITDA $41 $35 $4 • Core revenue down (5%) Adjusted EBITDA margin 7.7% 6.3% 0.8% • Mai
Slide 10: Outlook
Outlook
Slide 11: Market Outlook 2026
Market Outlook 2026 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
Slide 12: 2026 Updated Guidance
2026 Updated 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) FOCUS ON CASH FLOW DISCIPLINE 12
Slide 13: 2026 Guidance Bridge
2026 Guidance Bridge Adjusted EBITDA; USD in Millions $35 $135 ($8) $118 $85 ($25) ($20) ($50) 2025 EBITDA Market Share Loss Price / Cost Rightsizing Transformation Other / FX 2026 EBITDA Volume / Mix Volume / Mix Business / Carryover Guidance Base Midpoint Productivity ADDITIONAL PRICE/COST HEADWIN
Slide 14: North American On-Time, In-Full Rates (OTIF)
North American On-Time, In-Full Rates (OTIF) 90% Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 SIGNIFICANT IMPROVEMENT IN DELIVERY METRICS 14
Slide 15: JELD-WEN Next Steps
JELD-WEN Next Steps Drive Address Near Customer Term Service Maturities 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 $70 to $75 Cash Taxes Paid $7 to $15 Diluted Share Count ~86 million ✓ Full-year EBITDA split ~35% in 1H ✓ Price / Cost negative vs 2025 ✓ Expect foreign exchange translati
Slide 18: Potential Impact of Tariffs
Potential Impact of Tariffs USD in Millions – Tariffs as of July 21st 2026 North America Direct Percent of Material Costs By Country With Exposure to Tariffs Material Costs Exposed to Tariffs 11% Tier 1 12% 4% Tier 2 84% No Exposure 4% ▪ Annualized tariff impact: ~$14M - Assumes 10% tariff rate thro
Slide 19: Q2 2026 Net Revenue Walk
Q2 2026 Net Revenue Walk Q2 2026 JELD-WEN North America Europe Price 1% -% 2% Volume / Mix (3%) (5%) 3% Core Revenue Growth (2%) (5%) 5% FX 1% -% 3% Total (0.7%) (4.9%) 7.9% 19
Slide 20: Q2 YTD 2026 Revenue Bridge
Q2 YTD 2026 Revenue Bridge USD in Millions $6 $1,600 $39 $1,540 ($99) ($7) Core Revenue (6%) YTD 2025 Price Volume / Mix Court-Ordered Foreign Exchange YTD 2026 Note: Amounts do not foot due to rounding Divestiture LOWER VOLUME / MIX FROM MARKET HEADWINDS 20
Slide 21: Q2 YTD 2026 Adjusted EBITDA Bridge
Q2 YTD 2026 Adjusted EBITDA Bridge USD in Millions $61 $7 $48 $58 Adj. Margin Adj. Margin 3.8% ($51) 3.1% ($27) YTD 2025 Price / Cost Volume / Mix Productivity SG&A / Other Income YTD 2026 PRICE / COST HEADWINDS FROM COMPETITIVE MARKET 21
Slide 22: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow USD in Millions Cash Flow (YTD) Q2 2026 Q2 2025 Net cash used in operating activities ($100) ($49) Capital Expenditures(1) ($45) ($76) Free Cash Flow(2) ($145) ($125) Balance Sheet June 27, 2026 December 31, 2025 Total Debt $1,244 $1,173 Cash $57 $136 Net Debt(3) $1,187 $
Slide 23: Adjusted Net Loss From Continuing Operations Reconciliation
Adjusted Net Loss From Continuing Operations Reconciliation USD in Millions Three Months Ended Six Months Ended (amounts in millions) June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Loss from continuing operations, net of tax $ (31.5) $ (22.3) $ (108.4) $ (212.4) Special items:(1) Net legal
Slide 24: Adjusted Net Loss Per Share From Continuing Operations Reconciliation
Adjusted Net Loss Per Share From Continuing Operations Reconciliation Three Months Ended Six Months Ended June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Diluted loss per share from continuing operations $ (0.37) $ (0.26) $ (1.26) $ (2.50) Special items:(1) Net legal and professional expense
Slide 25: Adjusted EBITDA From Continuing Operations Reconciliation
Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Three Months Ended Six Months Ended (amounts in millions) June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Loss from continuing operations, net of tax $ (31.5) $ (22.3) $ (108.4) $ (212.4) Income tax expense (benefit) 4
Slide 26: 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 27: Q2 2025 QTD Segment Adjusted EBITDA Reconciliation
Q2 2025 QTD Segment Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Three Months Ended June 28, 2025 Corporate and North Unallocated Total (amounts in millions) America Europe Costs Consolidated Income (loss) from continuing operations, net of tax $ 8.9 $ (4.0) $ (27.3) $ (
Slide 28: Q1 2026 QTD Segment Adjusted EBITDA Reconciliation
Q1 2026 QTD Segment Adjusted EBITDA Reconciliation USD in Millions Three Months Ended March 28, 2026 Corporate and North Unallocated Total (amounts in millions) America Europe Costs Consolidated Loss, net of tax $ (35.0) $ (10.1) $ (31.8) $ (76.8) Income tax expense (benefit) 13.5 2.8 (13.0) 3.4 Dep
Slide 29: Q2 2026 YTD Segment Adjusted EBITDA Reconciliation
Q2 2026 YTD Segment Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Six Months Ended June 27, 2026 Corporate and North Unallocated Total (amounts in millions) America Europe Costs Consolidated Loss from continuing operations, net of tax $ (8.1) $ (13.5) $ (86.7) $ (108.4) I
Slide 30: Q2 2025 YTD Segment Adjusted EBITDA Reconciliation
Q2 2025 YTD Segment Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Six Months Ended June 28, 2025 Corporate and North Unallocated Total (amounts in millions) America Europe Costs Consolidated Loss from continuing operations, net of tax $ (152.3) $ (7.4) $ (52.7) $ (212.4)
Slide 31: Q2 2026 TTM Adjusted EBITDA Reconciliation
Q2 2026 TTM Adjusted EBITDA From Continuing Operations Reconciliation USD in Millions Trailing Twelve Months Ended (amounts in millions) June 27, 2026 December 31, 2025 Loss from continuing operations, net of tax $ (518.2) $ (622.2) Income tax expense 158.8 147.9 Depreciation and amortization 116.0