JELD-WEN Holding, Inc.

Listed Company

JELDCIK 0001674335NYSEAcceleratedMillwood, Veneer, Plywood, & Structural Wood MembersDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.21B

Net Income

$-621.21M

Total Assets

$2.10B

Equity

$92.22M

Shares Out

86.11M

Op. Cash Flow

$-4.86M

Business

JELD-WEN Holding, Inc. is a leading global designer, manufacturer, and distributor of high-performance interior and exterior doors, windows, and related building products for new construction and renovation. It offers a portfolio of residential and non-residential doors and windows in wood, metal, composite and vinyl, plus ancillary products and value-added services such as customization and installation. The company operates two reportable segments: North America and Europe, with corporate and unallocated activities. Products are sold across 14 countries through wholesale distributors, retail home centers, building product dealers, contractors, consumers via multi-channel distribution.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	3,211	3,776	4,304	4,544	4,182
Cost of sales	2,697	3,087	3,472	3,758	3,359
Gross margin	514	689	833	786	823
Selling, general and administrative	551	653	655	654	605
Goodwill impairment (Note 6)	335	95	0	55	0
Restructuring and asset-related charges, net (Note 19)	45	68	36	18	3
Operating (loss) income	−416	−126	142	59	216
Interest expense, net (Note 21)	67	67	72	83	—
Loss on extinguishment and refinancing of debt (Note 12)	237,000	2	6	0	1
Other income, net (Note 22)	−9	−25	−26	−53	−13
(Loss) income from continuing operations before taxes	−474	−171	89	30	151
Income tax expense (Note 15)	148	17	63	18	20
(Loss) income from continuing operations, net of tax	−622	−188	25	12	131
Gain (loss) on sale of discontinued operations, net of tax (Note 2)	1	−1	16	0	0
Income from discontinued operations, net of tax (Note 2)	0	0	22	34	38
Net (loss) income	−621	−189	62	46	169
Basic (in shares)	85	85	85	86	97
Diluted (in shares)	85	85	86	87	98
Basic (usd per share)	−7.3	−2.21	0.3	0.14	1.36
Diluted (usd per share)	−7.3	−2.21	0.29	0.14	1.33
Basic (usd per share)	0.01	−0.02	0.44	0.39	0.39
Diluted (usd per share)	0.01	−0.02	0.43	0.38	0.38
Basic (usd per share)	−7.29	−2.22	0.73	0.53	1.75
Diluted (usd per share)	−7.29	−2.22	0.73	0.53	1.72

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	136	150	288	164	396
Restricted cash	2	710,000	835,000	1	1
Accounts receivable, net (Note 3)	361	388	517	531	552
Inventories (Note 4)	444	460	481	594	616
Other current assets	73	73	72	73	56
Assets held for sale (Note 20)	0	127	136	126	119
Total current assets	1,017	1,200	1,494	1,696	1,740
Property and equipment, net (Note 5)	728	681	644	642	799
Deferred tax assets (Note 15)	16	143	150	182	204
Goodwill (Note 6)	0	315	390	382	461
Intangible assets, net (Note 7)	96	102	124	148	222
Operating lease assets, net (Note 8)	179	126	147	129	202
Other assets	66	52	30	26	27
Total assets	2,103	2,620	2,980	3,501	3,197
Accounts payable	237	265	269	287	419
Accrued payroll and benefits (Note 9)	94	90	133	107	136
Accrued expenses and other current liabilities (Note 10)	223	224	234	248	290
Current maturities of long-term debt (Note 12)	24	31	36	34	39
Liabilities held for sale (Note 20)	0	15	7	6	—
Total current liabilities	578	625	679	787	889
Long-term debt (Note 12)	1,150	1,152	1,190	1,713	1,668
Unfunded pension liability (Note 26)	24	22	27	31	61
Operating lease liability (Note 8)	159	105	122	105	166
Deferred credits and other liabilities (Note 13)	85	90	105	96	103
Deferred tax liabilities (Note 15)	15	6	7	8	9
Total liabilities	2,011	2,000	2,129	2,778	2,896
Commitments and contingencies (Note 25)	—	—	—	—	—
Preferred Stock, par value $0.01 per share, 90,000,000 shares authorized; no shares issued and outstanding	0	0	0	0	0
Common Stock: 900,000,000 shares authorized, par value $0.01 per share, 85,489,683 and 84,653,408 shares issued and outstanding, respectively	854,000	846,000	853,000	843,000	902,000
Additional paid-in capital	783	769	752	735	719
Accumulated deficit	−642	−20	193	130	216
Accumulated other comprehensive loss	−50	−129	−95	−143	−94
Total shareholders equity	92	620	851	724	842
Total liabilities and shareholders equity	2,103	2,620	2,980	3,501	3,739

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	112	126	140	132	137
Deferred income taxes	137	−17	32	−4	−15
Net gain on sale of business, property, and equipment	−36	−14	−10	−8	2
Adjustment to carrying value of assets	5	23	8	2	2
Amortization of deferred financing costs	2	2	3	3	3
Loss on extinguishment and refinancing of debt	237,000	1	6	0	1
Loss on foreign currency translation adjustment related to the substantial liquidation of a foreign subsidiary	0	5	0	0	—
Gain on sale of discontinued operations, net of tax	−1	0	−24	0	0
Share-based compensation expense	15	15	18	16	20
Amortization of U.S. pension expense	0	0	480,000	2	9
Recovery of cost from receipts on impaired notes	0	−1	−4	−14	—
Other items, net	17	−5	−7	25	4
Accounts receivable	47	102	11	−80	−92
Inventories	33	9	120	−74	−134
Other assets	8	−2	12	−5	−15
Accounts payable and accrued expenses	−49	−32	−22	−59	70
Change in short-term and long-term tax liabilities	−9	−12	−92,000	−7	14
Net cash (used in) provided by operating activities	−5	106	345	30	176
Purchases of property and equipment	−120	−162	−98	−83	−84
Proceeds from sale of business, property and equipment	41	21	17	12	3
Purchase of intangible assets	−16	−12	−13	−9	−16
Proceeds related to the court-ordered divestiture of Towanda/Proceeds (payments) related to the sale of JW Australia	111	0	366	0	0
Recovery of cost from receipts on impaired notes	0	1	4	14	0
Cash (paid) received for notes receivable	−61,000	46,000	261,000	—	—
Cash received from insurance proceeds	2	2	5	0	0
Purchase of securities for deferred compensation plan	−919,000	−3	−1	−728,000	0
Net cash provided by (used in) investing activities	16	−153	279	−67	−92
Change in long-term debt and payments of debt extinguishment costs	−32	−55	−561	13	−86
Common stock issued for exercise of options	3,000	3	563,000	2	10
Common stock repurchased	0	−24	0	−132	−324
Payments to tax authorities for employee share-based compensation	−738,000	−1	−2	−3	−2
Payments related to the sale of JW Australia	−812,000	−3	−744,000	0	0
Net cash used in financing activities	−33	−81	−563	−120	−401
Effect of foreign currency exchange rates on cash	9	−10	7	−19	−22
Net (decrease) increase in cash and cash equivalents	−13	−138	68	−176	−340

Filings

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