JELD-WEN Holding Q2 2026 Earnings Call: Complete Transcript

JELD-WEN Holding (NYSE: JELD ) released second-quarter financial results and hosted an earnings call on Tuesday.

Read the complete transcript below.

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View the webcast at Summary JELD-WEN Holding reported second quarter 2026 sales of $818 million, a slight decline from $824 million the previous year, attributed to lower volume/mix but partially offset by higher pricing and favorable foreign exchange.

Adjusted EBITDA increased by 8% year-over-year to $42 million, marking the first increase in ten quarters, driven by productivity gains and disciplined cost management despite ongoing price/cost headwinds.

The company raised its full-year 2026 revenue outlook, expecting $3.1 billion to $3.2 billion, and adjusted EBITDA guidance to $120 million to $150 million, citing improved service levels and share recovery.

Operational highlights include progress in on-time, in-full delivery (OTIF), which is improving towards 90% despite temporary disruptions, and a strategic review of the European business aimed at long-term shareholder value.

Management highlighted challenges with freight and material cost inflation but emphasized ongoing efforts to manage these pressures and improve customer service, which is beginning to yield incremental business.

Full Transcript OPERATOR Press the star one again.

Thank you.

I would now like to turn the call over to James Armstrong, Vice President of Investor Relations.

Please go ahead.

James Armstrong, Vice President of Investor Relations Thank you and good morning.

We issued our second quarter 2026 earnings release last night and posted a slide presentation to the Investor Relations portion of our website, which can be found at investors.jeld-wen.com.

We will be referencing this presentation during our call today.

I'm joined by Bill Christensen, Chief Executive Officer, and Samantha Stoddard, Chief Financial Officer.

Before I turn it over to Bill, I would like to remind everyone that during this call we will make certain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

These statements are subject to a variety of risks and uncertainties, including those set forth in our earnings release and provided in our Forms 10-K and 10-Q filed with the SEC.

JELD-WEN Holding does not undertake any duty to update forward-looking statements, including the guidance we are providing with respect to certain expectations for future results.

Additionally, during today's call we will discuss non-GAAP measures which we believe can be useful in evaluating our performance.

The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with GAAP.

A reconciliation of these non-GAAP measures to their most directly comparable financial measures calculated under GAAP can be found in our earnings release and in the appendix to our earnings presentation.

With that, I would like to now turn the call over to Bill.

Bill Christensen, Chief Executive Officer Thank you, James, and good morning, everyone.

Before turning to our results, I want to begin by recognizing our associates at JELD-WEN Holding.

The second quarter progress would not have been possible without their commitment, focus, and hard work.

Our teams have continued to execute in a challenging environment, improve how we operate, and provide our customers with a more dependable and consistent service experience.

I want to thank everyone across the organization for the role they played in delivering these results.

I would also like to welcome Christian Mikhail, who joined JELD-WEN Holding in June as Executive Vice President and President of Europe.

Christian brings more than 25 years of international leadership experience across manufacturing and industrial businesses.

His experience in operational improvement and business transformation will be valuable as we continue to strengthen and further optimize our European business.

Turning to the business, the macro environment in the second quarter was in line with our expectations.

We experienced the anticipated seasonal increase in activity as we moved out of the first quarter.

Overall market volumes remained soft, but the pace of the year-over-year decline is beginning to moderate.

Against that backdrop, we delivered results that were consistent with our expectations and continued to make progress on the priorities we outlined at the beginning of the year.