JELD-WEN Reports Q3 Loss, Lowers Outlook, Plans 850 Job Cuts

JELD-WEN reported a disappointing third quarter in 2025, posting a $0.20 per share loss versus an expected $0.14 earnings per share and revenues of $809.5 million, a 13.4% decline year-over-year that missed analyst estimates. The company also lowered its 2025 sales guidance to approximately $3.15 billion, which is below previous forecasts and analyst expectations, reflecting ongoing market headwinds and price-cost pressures. In response, JELD-WEN is undertaking significant cost-cutting measures, including laying off about 850 employees—around 11% of its North American and corporate workforce—and initiating a strategic review of its European operations to improve efficiency and long-term value. CEO William J. Christensen emphasized efforts to accelerate operational improvements and build a more resilient foundation despite slower macroeconomic recovery and persistent challenges. The company's revenue has been declining at a compounded annual rate of around 4.5% over the last five years, with sharper declines of nearly 14% annually over the past two years, underscoring weak demand in the building products sector. This underperformance has pressured the stock significantly, which has lost about 47% year-to-date, highlighting broader investor concerns about the housing and construction market's softness.