Door and window maker JELD-WEN's Q3 revenue falls slightly more than expected on lower volumes

Overview

• US door and window maker's Q3 revenue fell 1.4% yr/yr, slightly missing analyst expectations

• Adjusted EPS for Q3 missed analyst expectations, coming in negative

• Adjusted EBITDA rose yr/yr, driven by tariff refunds and lower SG&A expense

Outlook

• Company maintains 2026 revenue guidance of $3.1 bln to $3.2 bln

• JELD-WEN continues to expect 2026 adjusted EBITDA of $120 mln to $150 mln

• JELD-WEN expects 2026 operating cash flow of about $10 mln

Result Drivers

• WEAK VOLUMES - Co said Q3 revenue decline was mainly due to lower sales volumes, partially offset by higher prices

• TARIFF REFUNDS - Co said Q3 margins benefited from tariff refunds reducing cost of sales

• COST CONTROLS - Co said improved productivity and lower SG&A expense supported margin gains

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

• Wall Street's median 12-month price target for JELD-WEN Holding Inc is $2.00, about 57.5% above its November 2 closing price of $1.27

Reuters Recommended Reads

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• Nov 3 - Fortune Brands Q3 revenue misses estimates on execution issues

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)