JELD-WEN Reports Q3 Results, Retains Europe Business and CFO to Step Down
JELD-WEN reported higher adjusted Q3 2026 earnings despite weaker-than-expected demand, citing tariff refunds and cost savings. It decided to retain its European business, expects North American and European market volumes to decline, and maintained full-year revenue and adjusted EBITDA guidance. CFO Stoddard has decided to step down.
JELD-WEN reported higher adjusted earnings for the third quarter of 2026, supported by tariff refunds and cost savings, despite weaker-than-expected demand for windows and doors. The company decided to retain its European business following a strategic review, focusing on operational improvements under the leadership of Christian Michel. Additionally, the company expects to complete a debt refinancing by the end of November to extend maturities to 2031, which is anticipated to add approximately $50 million in annual interest expense. CFO Stoddard has decided to step down from his position.
While maintaining its full-year revenue and adjusted EBITDA guidance, the company lowered its market outlook, now expecting North American and European market volumes to decline.