JELD-WEN Holding, Inc. (JELD): Results of Operations and Financial Condition
JELD-WEN Holding, Inc. (JELD) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 JELD-WEN Reports Second Quarter 2026 Results and Updates Guidance August 3, 2026 Charlotte, N.C. - JELD-WEN Holding, Inc. (NYSE: JELD) (“JELD-WEN” or the “Company”) today announced results for the three and six months ended June 27, 2026. Comparability is to the same
How this was made
The 30-second read
Why it matters
The key tradable items are the updated full-year revenue range and the raised Adjusted EBITDA range, alongside cash flow deterioration and continued net losses from continuing operations.
Market read
A guidance update with a profitability inflection narrative can move sentiment, but cash flow and working-capital pressure remain key risk factors for valuation.
What to watch
Investors may underweight the magnitude of the prior-year goodwill impairment comparison and the specific working-capital drivers (receivables, inventories, payables timing) that can persist into 2H.
JELD-WEN Reports Second Quarter 2026 Results and Updates Guidance
Adjusted EBITDA from continuing operations increased year-over-year and the Company raised the midpoint of its full-year Adjusted EBITDA guidance, but net revenues, Core Revenues, GAAP net income, adjusted net income, operating cash flow, and free cash flow remained under pressure.
Actuals vs. the company’s prior outlook
from its previous release| Metric | Guided | Reported | Verdict |
|---|---|---|---|
| Full Year 2026 revenue | $3.05 to $3.2 billion | not reported | n/a |
| Full Year 2026 Adjusted EBITDA | $100 to $150 million | not reported | n/a |
| Full Year 2026 Core Revenue Decline | Down (3%) to (6%) | not reported | n/a |
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Net revenuesGAAP | $817.8 million | – | (0.7%) |
| Core Revenuesother | (2%) | – | – |
| Volume/mixother | (3%) | – | – |
| Price realizationother | 1% | – | – |
| Foreign exchange impactother | 1% | – | – |
| Net loss from continuing operationsGAAP | ($31.5) million | – | – |
| Net loss per share from continuing operationsGAAP | ($0.37) | – | – |
| Operating loss marginGAAP | (0.6%) | – | – |
| Adjusted Net Loss from continuing operationsnon-GAAP | ($9.1) million | – | ($5.7) million |
| Adjusted EPS from continuing operationsnon-GAAP | ($0.11) | – | – |
| Adjusted EBITDA from continuing operationsnon-GAAP | $42.3 million | – | $3.3 million |
| Adjusted EBITDA Margin from continuing operationsnon-GAAP | 5.2% | – | 50 basis points |
| North America net income from continuing operationsGAAP | $26.9 million | – | $17.9 million |
| North America Adjusted EBITDA from continuing operationsnon-GAAP | $40.7 million | – | 17.1% |
| Europe net loss from continuing operationsGAAP | ($3.4) million | – | $0.5 million |
| Europe Adjusted EBITDA from continuing operationsnon-GAAP | $13.2 million | – | (22.6%) |
| Net cash used in operating activitiesGAAP | ($100.2) million | – | $51.3 million |
| Capital expendituresGAAP | $44.6 million | – | $31.5 million |
| Free Cash Flow usednon-GAAP | ($144.8) million | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| North AmericaThe decrease was primarily due to a decrease in Core Revenues of (5%), driven by a (5%) decline in volume/mix due to weakened market demand. | $528.5 million | – | (4.9%) |
| EuropeThe increase was primarily due to an increase in Core Revenues of 5% and a favorable foreign exchange impact of 3%. Core Revenues benefited from favorable volume/mix of 3% and a 2% benefit from price realization. | $289.3 million | – | 7.9% |
Full Year 2026 outlook
- Revenue$3.1 to $3.2 billion
- NoteAdjusted EBITDA: $120 to $150 million
- NoteCore Revenue Decline: Down (2%) to (5%)
- NoteForeign exchange benefit: approximately $50 million
- NoteOperating cash flow: approximately $10 million
What drove it
- Favorable productivity and lower SG&A expense increased Adjusted EBITDA Margin from continuing operations, partially offset by negative price/cost and volume/mix.
- North America Adjusted EBITDA increased primarily due to improved productivity and lower SG&A, partially offset by unfavorable price/cost.
- Europe revenue growth reflected Core Revenue growth and a favorable foreign exchange impact.
- Europe Adjusted EBITDA declined primarily due to higher salaries and benefits and unfavorable price/cost, partially offset by improved productivity.
- The Company cited significant cost reductions as supporting updated full-year Adjusted EBITDA guidance.
Concerns
- Net revenues decreased, with Core Revenues declining due to lower volume/mix.
- North America revenue declined amid weakened market demand.
- Net loss from continuing operations, Adjusted Net Loss from continuing operations, net loss per share, and Adjusted EPS from continuing operations were worse than the same quarter a year ago.
- Europe Adjusted EBITDA declined despite revenue growth.
- Net cash used in operating activities and Free Cash Flow used increased in the six-month period, with working capital accounts unfavorable.
What to watch
- Whether volume/mix and Core Revenue trends improve in a soft demand environment.
- Execution of productivity, service, cost-management, and customer-winback initiatives.
- North America demand and the impact of price/cost on profitability.
- Europe margin performance amid higher salaries and benefits and unfavorable price/cost.
- Working-capital movements, operating cash flow generation, and delivery of approximately $10 million of 2026 operating cash flow.
Balance sheet and cash flow
- Net cash used in operating activities was ($100.2) million in the six months ended June 27, 2026, compared to ($48.9) million in the six months ended June 28, 2025.
- Accounts receivable, net was unfavorable by ($44.9) million compared to the same period in 2025.
- Inventories had an unfavorable impact of ($12.0) million.
- Accounts payable had an unfavorable impact of ($2.4) million.
- Capital expenditures in the six months ended June 27, 2026, decreased by $31.5 million to $44.6 million, down from $76.1 million in the six months ended June 28, 2025.
- Free Cash Flow used in the six months ended June 27, 2026, was ($144.8) million, compared to Free Cash Flow used in the six months ended June 28, 2025, of ($125.1) million.
- Free Cash Flow does not include the impact of proceeds of $110.7 million from the court-ordered divestiture of the Towanda facility, which was completed in the first quarter of 2025.
Analysis
Second-quarter revenue was $817.8 million, down (0.7%) from $823.7 million. Core Revenues declined (2%), as a (3%) decline in volume/mix was only partially offset by 1% price realization; a 1% favorable foreign exchange impact partially offset the underlying decline. The release characterizes the demand environment as soft, and North America specifically cited weakened market demand.
Profitability showed a split outcome. GAAP net loss from continuing operations widened to ($31.5) million from ($22.3) million, and Adjusted Net Loss from continuing operations widened to ($9.1) million from ($3.4) million. However, Adjusted EBITDA from continuing operations increased to $42.3 million from $39.0 million, while Adjusted EBITDA Margin from continuing operations was 5.2%, up 50 basis points. Management attributed the margin improvement to favorable productivity and lower SG&A expense, partly offset by negative price/cost and volume/mix.
Segment trends were divergent. North America revenue declined to $528.5 million, with Core Revenues down (5%) on a (5%) volume/mix decline, while Adjusted EBITDA increased to $40.7 million due to improved productivity and lower SG&A. Europe revenue increased to $289.3 million, supported by 5% Core Revenue growth and a 3% favorable foreign exchange impact, but Adjusted EBITDA fell to $13.2 million as higher salaries and benefits and unfavorable price/cost outweighed productivity improvement.
Cash conversion remained a central weakness in the first half. Net cash used in operating activities was ($100.2) million and Free Cash Flow used was ($144.8) million. The Company cited lower earnings excluding the prior-year goodwill impairment effect and increased working-capital use, including unfavorable accounts receivable, inventories, and accounts payable. Capital expenditures declined to $44.6 million from $76.1 million.
The Company updated full-year revenue guidance to $3.1 to $3.2 billion from $3.05 to $3.2 billion and raised Adjusted EBITDA guidance to $120 to $150 million from $100 to $150 million. The revised outlook calls for Core Revenue Decline of Down (2%) to (5%), compared with Down (3%) to (6%) previously, and expects approximately $10 million of operating cash flow. The guidance increase rests on significant cost reductions while management continues to expect volume pressure.
Management, verbatim
Second-quarter results marked an important step forward as Adjusted EBITDA grew year-over-year for the first time in ten quarters.
William J. Christensen, Chief Executive Officer
This progress reflects deliberate actions across the business, including better service, tighter cost management, and continued productivity, which are helping us win back customers even in a soft demand environment.
William J. Christensen, Chief Executive Officer
We are raising the mid-point of our full-year Adjusted EBITDA guidance and remain focused on executing consistently to further strengthen performance and generate cash in the second half.
William J. Christensen, Chief Executive Officer
Not in the filing
stated, not guessed- Prior-quarter revenue, earnings, EPS, EBITDA, margin, segment revenue, and cash-flow comparisons
- GAAP gross profit and gross margin
- GAAP operating loss amount
- Operating expenses
- Income tax rate
- Diluted share count
- Cash and cash equivalents
- Total debt and net debt
- Dividend and share-repurchase activity
- Adjusted EBITDA Margin from continuing operations for the prior-year quarter
- Prior-year North America and Europe net income or loss from continuing operations
- Actual full-year 2026 revenue, Adjusted EBITDA, and Core Revenue Decline for comparison with prior guidance
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
This is an SEC 8-K with Exhibit 99.1 covering JELD-WEN’s Q2 2026 operating results, cash flow, and updated 2026 guidance.
Ticker impact
JELD reported Q2 2026 results and raised the midpoint of full-year Adjusted EBITDA guidance, citing cost reductions and productivity gains.
Likely supportive for the stock on guidance optimism, with follow-through dependent on whether investors focus on EBITDA improvement versus free-cash-flow use and working-capital drag.
The filing discloses a year-over-year Adjusted EBITDA increase for the first time in ten quarters and an updated revenue and Adjusted EBITDA range, but also shows operating cash outflow and free cash flow use worsening versus the prior year.
Market effects
Signals ongoing margin recovery efforts in building products/doors manufacturing, but highlights working-capital and demand softness risks.
North America revenue decline from weaker demand contrasts with Europe revenue growth aided by FX and price realization.
FX benefit and cross-region demand divergence may influence how investors model multinational industrial cash generation.
Counterpoint
The EBITDA improvement may not translate into cash, given operating cash outflow and worsening working-capital usage in the first half.
Key entities
- companyJELD-WEN Holding, Inc.
Reports Q2 2026 results and updates 2026 revenue and Adjusted EBITDA guidance.
- executiveWilliam J. Christensen
CEO quoted on progress toward improving Adjusted EBITDA and strengthening performance in 2H.
