Thu, May 8, 5:15 PM (7 days ago)
**JELD-WEN Holding, Inc. (JELD) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $776.0 million, down 19.1% YoY. - **Net Loss:** $190.1 million, significantly higher than the $27.7 million loss in Q1 2024. - **Gross Margin:** 14.4% of net revenues, down from 18.0% in Q1 2024. - **Operating Loss:** $184.9 million, compared to $28.3 million in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $83.5 million, up from $11.0 million in Q1 2024. **Key Metrics & Trends:** - **Goodwill Impairment:** $137.7 million charge related to the North America reporting unit. - **Restructuring Charges:** $14.5 million, down from $18.1 million in Q1 2024. - **Interest Expense:** $14.9 million, slightly down from $15.7 million in Q1 2024. - **Other Income:** $10.6 million, down from $14.3 million in Q1 2024. - **Income Tax Expense:** $0.6 million, compared to a $3.4 million benefit in Q1 2024. **Segment Performance:** - **North America:** Revenue down 22.0%, Adjusted EBITDA down 74.6%. - **Europe:** Revenue down 12.1%, Adjusted EBITDA down 26.5%. **Liquidity & Capital Resources:** - **Total Liquidity:** $499.4 million, down from $566.7 million in Q4 2024. - **Cash Balance:** $132.5 million, with $366.9 million available under the ABL Facility. **Uncertainties & Future Operations:** - **Market Conditions:** Lower demand, inflation, and elevated interest rates. - **Tariffs & Trade:** Monitoring trade policy and tariff announcements. - **Debt Management:** Potential refinancing, repricing, or retirement of debt. **Ticker:** JELD