$JELD

JELD-WEN Holding, Inc.

CIK:0001674335|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 27, 2026	Jun. 28, 2025
Income Statement [Abstract]
Net revenues	$ 817,835	$ 823,729	$ 1,539,960	$ 1,599,735
Cost of sales	680,543	680,331	1,309,954	1,344,254
Gross margin	137,292	143,398	230,006	255,481
Selling, general and administrative	138,310	148,480	284,267	293,247
Goodwill impairment (Note 6)	0	0	0	137,721
Restructuring and asset-related charges, net (Note 16)	4,077	8,842	6,056	23,388
Operating loss	(5,095)	(13,924)	(60,317)	(198,875)
Interest expense, net	18,366	16,487	35,569	31,405
Loss on extinguishment and refinancing of debt (Note 10)	0	0	0	237
Other expense (income), net (Note 17)	3,446	(4,599)	4,489	(15,185)
Loss from continuing operations before taxes	(26,907)	(25,812)	(100,375)	(215,332)
Income tax expense (benefit) (Note 11)	4,633	(3,511)	8,009	(2,893)
Loss from continuing operations, net of tax	(31,540)	(22,301)	(108,384)	(212,439)
Gain on sale of discontinued operations, net of tax	0	776	0	776
Net loss	$ (31,540)	$ (21,525)	$ (108,384)	$ (211,663)
Weighted average common shares outstanding (Note 14)
Basic (in shares)	86,384,988	85,298,517	86,100,779	85,111,100
Diluted (in shares)	86,384,988	85,298,517	86,100,779	85,111,100
Net loss per share from continuing operations
Basic (usd per share)	$ (0.37)	$ (0.26)	$ (1.26)	$ (2.50)
Diluted (usd per share)	(0.37)	(0.26)	(1.26)	(2.50)
Net income per share from discontinued operations
Basic (usd per share)	0	0.01	0	0.01
Diluted (usd per share)	0	0.01	0	0.01
Net loss per share
Basic (usd per share)	(0.37)	(0.25)	(1.26)	(2.49)
Diluted (usd per share)	$ (0.37)	$ (0.25)	$ (1.26)	$ (2.49)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
OPERATING ACTIVITIES
Net loss	$ (108,384)	$ (211,663)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	58,339	54,725
Deferred income taxes	1,306	(11,728)
Net loss (gain) on sale of business, property, and equipment	325	(2,473)
Goodwill impairment	0	137,721
Adjustment to carrying value of assets	8,688	3,610
Amortization of deferred financing costs	1,152	1,124
Loss on extinguishment and refinancing of debt	0	237
Gain on sale of discontinued operations, net of tax	0	(1,040)
Share-based compensation expense	7,430	7,661
Other items, net	8,733	1,419
Net change in operating assets and liabilities:
Accounts receivable	(85,534)	(40,640)
Inventories	(1,694)	10,350
Other assets	(5,312)	3,350
Accounts payable	13,765	16,116
Accrued expenses	923	(13,615)
Change in short-term and long-term tax liabilities	53	(4,085)
Net cash used in operating activities	(100,210)	(48,931)
INVESTING ACTIVITIES
Purchases of property and equipment	(40,890)	(66,023)
Proceeds from sale of property and equipment	84	2,564
Purchases of intangible assets	(3,713)	(10,116)
Proceeds related to the court-ordered divestiture of Towanda	0	110,661
Cash received for notes receivable	124	7
Cash received from insurance proceeds	37	255
Purchases of securities for deferred compensation plan	(313)	(511)
Net cash (used in) provided by investing activities	(44,671)	36,837
FINANCING ACTIVITIES
Change in long-term debt and payments of debt extinguishment costs	66,996	(11,547)
Common stock issued for exercise of options	5	4
Payments to tax authorities for employee share-based compensation	(214)	(480)
Payments related to the sale of JW Australia	0	(812)
Net cash provided by (used in) financing activities	66,787	(12,835)
Effect of foreign currency exchange rates on cash	(1,314)	8,731
Net decrease in cash, cash equivalents, and restricted cash	(79,408)	(16,198)
Cash, cash equivalents, and restricted cash, beginning	138,248	151,047
Cash, cash equivalents, and restricted cash, ending	$ 58,840	$ 134,849

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 27, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 57,218	$ 136,103
Restricted cash	1,622	2,145
Accounts receivable, net (Note 3)	439,488	361,192
Inventories (Note 4)	440,884	444,102
Other current assets	72,373	73,202
Total current assets	1,011,585	1,016,744
Property and equipment, net (Note 5)	715,430	728,445
Deferred tax assets	15,071	16,289
Intangible assets, net (Note 7)	85,009	96,330
Operating lease assets, net	174,532	179,378
Other assets	66,726	65,628
Total assets	2,068,353	2,102,814
Current liabilities
Accounts payable	248,006	237,280
Accrued payroll and benefits	103,098	93,827
Accrued expenses and other current liabilities (Note 8)	214,212	223,147
Current maturities of long-term debt (Note 10)	18,704	23,690
Total current liabilities	584,020	577,944
Long-term debt (Note 10)	1,225,730	1,149,614
Unfunded pension liability	22,412	24,357
Operating lease liability	151,284	158,565
Deferred credits and other liabilities	92,874	85,424
Deferred tax liabilities	15,902	14,694
Total liabilities	2,092,222	2,010,598
Commitments and contingencies (Note 20)
Shareholders’ (deficit) equity
Preferred Stock, par value $0.01 per share, 90,000,000 shares authorized; no shares issued and outstanding	0	0
Common Stock: 900,000,000 shares authorized, par value $0.01 per share, 86,610,380 and 85,489,683 shares issued and outstanding, respectively	865	854
Additional paid-in capital	788,916	783,315
Accumulated deficit	(749,946)	(641,562)
Accumulated other comprehensive loss	(63,704)	(50,391)
Total shareholders’ (deficit) equity	(23,869)	92,216
Total liabilities and shareholders’ (deficit) equity	$ 2,068,353	$ 2,102,814