JELD‑WEN Holding, Inc. reported first‑quarter 2026 results that included a net loss of $76.8 million, or $0.90 per share, and an adjusted loss of $43.3 million, or $0.50 per share, on revenue of $722.1 million—a 6.9 % decline from the same period a year earlier. Adjusted EBITDA fell to $6.1 million, a 190‑basis‑point drop from the $21.9 million reported in Q1 2025, reflecting a 10 % decline in core revenue volume and mix and a 1 % reduction from the court‑ordered Towanda divestiture.
The revenue decline was driven by a 10 % drop in core revenue volume and mix, while the Towanda divestiture contributed an additional 1 % reduction in net revenues. Segment data show North America revenue fell 14.7 %, whereas Europe grew 9.8 % thanks to a foreign‑exchange benefit of roughly $50 million. The mix shift and volume loss compressed margins, pushing adjusted EBITDA margin to 0.9 % from 2.9 % a year earlier.
Management maintained its full‑year guidance, projecting revenue of $3.05 billion to $3.20 billion and adjusted EBITDA of $100 million to $150 million. The guidance increase reflects a modest 3 % to 6 % decline in core revenue for 2026, offset by the FX benefit and disciplined cost management. The company highlighted ongoing operational improvements, including the rollout of the A3 manufacturing system, as key levers to support the outlook.
"First‑quarter results were in line with our expectations as we continue to navigate the challenging demand environment and focus on service investments that improve how we support our customers," said CEO William J. Christensen. CFO Samantha Stoddard added, "First quarter net revenue was $722 million, down 7% year‑over‑year. Adjusted EBITDA for the quarter was $6 million. Net debt leverage increased to 11.3x at the end of the first quarter, and we drew $40 million on our revolver."
Investors reacted negatively to the earnings, citing the EPS miss of $0.61 against an estimate of $‑0.29 and the margin compression driven by unfavorable price/cost dynamics and lower volumes. The market’s response underscored concerns about continued demand weakness and pricing pressure, despite the company’s confidence in cost controls and operational improvements.
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