JELD-WEN Holding, Inc.
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Range $1.6 – $2
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About the company
JELD-WEN Holding, Inc. is a leading company focused on the design, manufacturing, and distribution of doors and windows, primarily operating across North America, Europe, and Australasia. The company offers a comprehensive range of door products for both residential and commercial applications, including interior and exterior designs, patio doors, and sophisticated folding or sliding wall systems.
- CEO
- William J. Christensen
- IPO
- 2017
- Employees
- 13,900
- HQ
- Charlotte, NC, US
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- Market Cap
- $178.76M
- P/E
- -0.34
- PEG
- 0.00
- P/S
- 0.06
- P/B
- -7.50
- EV/EBITDA
- -7.54
- Div Yield
- 0.00%
- Gross Margin
- 15.31%
- Op Margin
- -7.73%
- Net Margin
- -16.43%
- ROE
- -1054.21%
- ROIC
- -16.20%
Latest fiscal year · YoY change
- Revenue
- $3.21B-14.9%
- Gross Profit
- $514.20M-25.4%
- Op Income
- $-40,203,000
- Net Income
- $-621,209,000-228.6%
- EPS
- $-7.25-226.6%
- OCF Growth
- -104.6%
- FCF Growth
- -123.9%
- 52W High
- $6.97
- 52W Low
- $0.93
- 50D MA
- $1.52
- 200D MA
- $1.94
- Beta
- 2.10
- RSI (14)
- 73
- Avg Volume
- 1.75M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
JELD-WEN reported modest Q2 revenue decline but improved adjusted EBITDA and raised the low end of full-year revenue and EBITDA guidance as service levels and productivity improved.· August 4, 2026
- Q2 net revenue was $818 million, down 1% year over year from $824 million.
- Adjusted EBITDA was $42 million, up 8% from $39 million, and margin improved to 5.2% from 4.7%.
- North America EBITDA rose to $41 million on a 7.7% margin, while Europe revenue grew 8% but EBITDA fell to $13 million on price/cost pressure.
- Management raised full-year 2026 revenue guidance to $3.1 billion-$3.2 billion and EBITDA guidance to $120 million-$150 million.
- Free cash flow was a $28 million use of cash in Q2; full-year free cash flow guidance was lowered to a use of about $75 million.
Second quarter net revenue was $818 million, compared with $824 million in Q2 2025, down 1% year over year. Adjusted EBITDA was $42 million versus $39 million last year, up 8%, and adjusted EBITDA margin improved to 5.2% from 4.7%, a 50-basis-point increase. On a segment basis, North America revenue was $529 million and adjusted EBITDA was $41 million with a 7.7% margin; Europe revenue was $289 million and adjusted EBITDA was $13 million. Free cash flow was a $28 million use of cash in the quarter, and net debt leverage was flat sequentially at 11.3x; the company also had $80 million drawn on its revolver. For 2026, JELD-WEN raised its net revenue outlook to $3.1 billion-$3.2 billion from $3.05 billion-$3.2 billion, raised adjusted EBITDA guidance to $120 million-$150 million from $100 million-$150 million, and now expects capex of about $85 million, operating cash flow of about $10 million, and free cash flow use of about $75 million.
Bill Christensen framed the quarter as progress in a still-soft demand environment, emphasizing better execution, stronger service, and disciplined cost control. He said OTIF recovered toward 90% and above after temporary disruptions, and that improved service is helping win back business and support a modestly better sales outlook than the midpoint of prior guidance. He also highlighted the strategic review of Europe and efforts to address near-term debt maturities while preserving liquidity and financial flexibility.
Samantha Stoddard emphasized that Q2 revenue declined 1% because lower volume mix was only partly offset by pricing and foreign exchange, while adjusted EBITDA improved to $42 million from $39 million on productivity gains and SG&A savings. She said price/cost was a $29 million headwind, driven by inflation that outpaced pricing, and noted North America EBITDA improved to $41 million while Europe EBITDA fell to $13 million on material cost inflation. On cash, she said free cash flow was a $28 million use due to working capital timing, leverage was 11.3x, and $80 million was drawn on the revolver to support seasonal working capital.
Analysts focused on service recovery, share gains, price/cost pressure, productivity, and tariffs. Management said OTIF dipped below 90% in North America because of wildfire-related shutdowns and freight issues but is already tracking back above 90%, with no significant negative customer feedback and some share recovery showing up in guidance. On price/cost, management said pricing is positive but being overwhelmed by inflation, especially freight and material costs, with Europe also seeing energy-related pressure. On tariffs, Samantha said the company received about $1 million in refunds in Q2 and expects a mid-single-digit million net benefit in Q3.
The bull case from this call is that JELD-WEN is starting to translate better service into share recovery and better commercial results. Management said productivity is running ahead of plan, OTIF is recovering, and the company raised the low end of both revenue and EBITDA guidance while noting the improved revenue outlook carries roughly 25% to 30% incremental margin.
The main risks remain soft end markets, persistent price/cost inflation, and cash burn. Management said it is not assuming a meaningful near-term market recovery, free cash flow was a use of cash in Q2 and is now expected to be a use of about $75 million for the year, and the company continues to work through near-term debt maturities while facing freight, material, and some Europe energy cost pressure.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 98.8%
- Shares Outstanding
- 86.15M
- Float Shares
- 85.13M
of shares held by institutions
151 13F filers
Buy/sell ratio 15.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Turtle Creek Asset Management Inc. | 16.63M | 0 |
| Miller Value Partners, LLC | 7.14M | ▲ 519.21K |
| Vanguard Group Inc | 5.02M | ▲ 2.12K |
| D. E. Shaw & Co., Inc. | 4.21M | ▼ 11.74K |
| Aqr Capital Management LLC | 3.84M | ▲ 3.03M |
| Vanguard Capital Management LLC | 3.54M | ▲ 17.95K |
| Mason Capital Management LLC | 3.11M | ▲ 2.33M |
| Sixth Street Partners Management Company, L.P. | 3.03M | ▲ 3.03M |
| Charles Schwab Investment Management Inc | 3.03M | ▼ 1.23M |
| Blackrock, Inc. | 2.45M | ▼ 3.96M |
| Jpmorgan Chase & Co | 2.26M | ▲ 1.82M |
| Dimensional Fund Advisors LP | 1.64M | ▼ 1.05M |
Held by 59 ETFs
Biggest fund positions in JELD by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jun 8, 26 | Michel Christian | other | 140,319 |
| Jul 2, 26 | Stoddard Samantha | sell | 1,208 |
| Jun 26, 26 | Livingston Wendy A. | sell | 2,435 |
| Jun 8, 26 | Michel Christian | other | 0 |
| May 11, 26 | Hilton Michael F | other | 38,216 |
| May 11, 26 | TATEN BRUCE M. | other | 38,216 |
| May 11, 26 | Christensen William | other | 562,766 |
| May 11, 26 | Hayes James S | other | 127,388 |
| May 11, 26 | Halligan Catherine Ann | other | 38,216 |
| May 11, 26 | Elliott Rachael B. | other | 121,019 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our JELD coverage
Recent articles, reports, and earnings notes.
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Generate JELD report →JELD-WEN Q2 Earnings Call Highlights
defenseworld.net · Aug 6
JELD-WEN Holding, Inc. (JELD) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 4
JELD-WEN Q2 Earnings Call Highlights
marketbeat.com · Aug 4
JELD-WEN Reports Second Quarter 2026 Results and Updates Guidance
prnewswire.com · Aug 3
JELD-WEN Highlights Sustainability Progress Across Global Operations in New Report
prnewswire.com · Jul 28
Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) Target Price at $1.80
defenseworld.net · Jul 26
JELD-WEN to Release Second Quarter 2026 Results
prnewswire.com · Jul 7
JELD-WEN Expands Environmental Product Declaration Portfolio, Advancing Transparency in Sustainable Building
prnewswire.com · Jun 23
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