Quarterly ResultMay 5, 2026, 02:03 PM
JELD-WEN Q1 Net Loss $(76.8)M; Revenue Down 6.9%
AI Summary
JELD-WEN Holding, Inc. reported a net loss of $(76.8) million for the first quarter ended March 28, 2026, a significant improvement from the $(190.1) million net loss in the prior year, primarily due to the absence of a goodwill impairment charge. However, net revenues decreased by 6.9% to $722.1 million. The company also saw an increase in net cash used in operating activities and a decrease in total shareholders' equity, alongside an increase in long-term debt.
Key Highlights
- Net revenues decreased by 6.9% to $722.1 million for Q1 2026 compared to Q1 2025.
- Net loss improved by 59.6% to $(76.8) million in Q1 2026, from $(190.1) million in Q1 2025.
- Basic net loss per share improved to $(0.90) in Q1 2026 from $(2.24) in Q1 2025.
- Net cash used in operating activities increased to $(91.2) million in Q1 2026 from $(83.5) million in Q1 2025.
- Long-term debt increased to $1.19 billion as of March 28, 2026, from $1.15 billion at December 31, 2025.
- Total shareholders' equity decreased to $12.18 million as of March 28, 2026, from $92.22 million at December 31, 2025.
- The company recorded a $3.1 million impairment charge related to property and equipment in Q1 2026.
Price Impact
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