JELD-WEN initiates strategic review of its Europe business

CHARLOTTE - JELD-WEN Holding, Inc. (NYSE:JELD) announced Monday it has begun a comprehensive review of strategic alternatives for its Europe business, which generated approximately $1.1 billion in revenue last year, representing about 28 percent of the company's global revenue. This strategic move comes as the company faces significant financial challenges, with its stock down nearly 70% over the past year and currently trading at $4.19.

The building products manufacturer said the review is part of its effort to optimize its portfolio and align resources to support long-term performance. The company did not specify what options it is considering for the European operations. According to InvestingPro data, JELD-WEN operates with a significant debt burden and has been quickly burning through cash, which may be driving this strategic reassessment. The company's total debt stands at approximately $1.37 billion as of the most recent quarter.

"We are advancing our strategic priorities with a clear focus on driving long-term value," said William J. Christensen, Chief Executive Officer of JELD-WEN, in a press release statement. This focus on long-term value comes at a critical time, as the company was not profitable over the last twelve months, though InvestingPro analysis indicates net income is expected to grow this year, with analysts predicting the company will return to profitability.

JELD-WEN's European business includes 23 manufacturing locations and employs approximately 6,000 people across the UK, France, Central Europe, and Northern Europe. The division designs and manufactures interior and exterior doors and door sets in wood and steel under several brands.

The company said its European business has "delivered strong performance and holds leading positions in key markets," but did not provide specific financial details beyond the revenue figure. This contrasts with the overall company performance, as JELD-WEN's total revenue reached $3.43 billion in the last twelve months, with a concerning revenue decline of 15.16% during this period. Analysts anticipate further sales decline in the current year.

JELD-WEN plans to conduct the review "expeditiously" but provided no timeline for completion. The company stated it does not intend to make further comments about the process unless required by law or if material developments occur.

Based in Charlotte, North Carolina, JELD-WEN operates in 14 countries across North America and Europe with approximately 16,000 employees.

In other recent news, Jeld-Wen Holding Inc. reported its second-quarter 2025 earnings, revealing a smaller-than-expected loss and a slight revenue beat. The company posted an earnings per share of -$0.04, which was better than the forecasted -$0.07. Additionally, Jeld-Wen reported revenue of $823.7 million, exceeding the predicted $810.15 million. Jefferies raised its price target for Jeld-Wen to $5.25 from $3.75, maintaining a Hold rating, citing improved productivity in the second quarter. The firm highlighted management actions such as facility closures and headcount reductions to address volume declines. In leadership changes, Jeld-Wen appointed Rachael B. Elliott as executive vice president for North America, effective October 20, 2025. Elliott brings over 20 years of leadership experience from companies like Ashley Furniture and Amazon. Meanwhile, Michael A. Leon, the Senior Vice President and Chief Accounting Officer, announced his resignation effective October 17, 2025. The company clarified that Leon's departure was not due to any disagreements over financial reporting or accounting practices.

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