CHARLOTTE, N.C., Nov. 3, 2025 /PRNewswire/ — JELD-WEN Protecting, Inc. (NYSE: JELD) (“JELD-WEN” or the “Company”) lately introduced effects for the 3 and 9 months ended September 27, 2025. Comparison is to the similar duration within the prior 12 months.
3rd Quarter Highlights
- Web revenues of $809.5 million diminished (13.4%) within the 3rd quarter pushed by way of a scale down in Core Revenues of (10%) mixed with a scale down in internet revenues from the court-ordered divestiture of Towanda of (5%). Those had been partly offset by way of a positive foreign currency echange affect of two%. The fade in Core Revenues was once pushed by way of a (11%) scale down in quantity/combine, partly offset by way of a 1% have the benefit of value realization.
- Web loss from proceeding operations was once ($367.6) million or ($4.30) in keeping with proportion, in comparison to internet loss from proceeding operations of ($73.0) million, or ($0.86) in keeping with proportion, all through the similar quarter a 12 months in the past. Running loss margin was once (25.0%) and (5.6%) for the quarters ended September 27, 2025 and September 28, 2024, respectively. Web loss from proceeding ops contains $196.9m non-cash commendation impairment and $122.3m tax particular pieces.
- Adjusted EBITDA from proceeding operations was once $44.4 million, a scale down of ($37.2) million in comparison to $81.6 million all through the similar quarter a 12 months in the past. Adjusted EBITDA Margin from proceeding operations was once 5.5%, a scale down of (320) foundation issues within the 3rd quarter because of adverse quantity/combine and worth/price, partly offset by way of favorable productiveness and decrease SG&A expense.
“Third-quarter results fell short of our expectations due to persistent market headwinds and price-cost pressures,” stated Important Govt Officer William J. Christensen. “Actions are underway to confront market realities head-on and strengthen our foundation for long-term value creation. We are focused on accelerating operational improvements, while rebalancing our North American and Corporate workforce by approximately 11% in the near-term to create runway for future growth. As we look ahead, we are initiating a strategic review of our European segment to ensure we are best positioned for long-term success. Despite marketplace challenges and slower-than-anticipated macro recovery, we remain focused on strengthening performance, serving our customers and building a more resilient foundation for the future.”
3rd Quarter 2025 Effects
Web revenues for the 3 months ended September 27, 2025, had been $809.5 million, a scale down of ($125.2) million, or (13.4%), in comparison to $934.7 million for a similar duration utmost 12 months. The scale down in internet revenues was once basically pushed by way of a scale down in Core Revenues of (10%) and a scale down in internet revenues from the court-ordered divestiture of Towanda of (5%). Those had been partly offset by way of a positive foreign currency echange affect of two%. The fade in Core Revenues was once pushed by way of a (11%) scale down in quantity/combine, partly offset by way of a 1% have the benefit of value realization.
Web loss from proceeding operations was once ($367.6) million within the 3rd quarter, homogeneous to a internet loss from proceeding operations of ($73.0) million in the similar duration utmost 12 months. Adjusted Web Loss from proceeding operations for the 3rd quarter was once ($17.3) million, a scale down of ($44.8) million in comparison to Adjusted Web Source of revenue from proceeding operations of $27.6 million in the similar duration utmost 12 months.
Web loss in keeping with proportion from proceeding operations for the 3rd quarter was once ($4.30), in comparison to a internet loss from proceeding operations in keeping with proportion of ($0.86) in the similar quarter utmost 12 months. Adjusted EPS from proceeding operations for the 3rd quarter was once ($0.20) in comparison to $0.32 in the similar quarter utmost 12 months. Adjusted EPS from proceeding operations for the quarter ended September 27, 2025, excludes internet after-tax fees of $350.3 million, or $4.10 in keeping with diluted proportion, related basically with the non-cash commendation impairment price within the North The us and Europe areas, a valuation expense recorded in opposition to our U.S. tax attributes, and prices to explode at the Corporate’s transformation move. Adjusted EPS from proceeding operations for the quarter ended September 28, 2024, excludes internet after-tax fees of $100.5 million or $1.17 in keeping with diluted proportion.
Adjusted EBITDA from proceeding operations was once $44.4 million, a fade of ($37.2) million in comparison to $81.6 million all through the similar quarter utmost 12 months. Age we proceed to power vital enhancements from our transformation actions, those advantages had been greater than offset by way of the affect of decrease gross sales and damaging value/price. Adjusted EBITDA Margin from proceeding operations was once 5.5%, a scale down of (320) foundation issues within the 3rd quarter because of adverse quantity/combine and damaging value/price, partly offset by way of favorable productiveness and decrease SG&A.
On a section foundation for the 3rd quarter of 2025, in comparison to the similar duration utmost 12 months:
- North The us – Web revenues had been $546.1 million, a fade of ($131.8) million, or (19.4%), pushed by way of a scale down in Core Revenues of (13%) and a scale down in internet revenues from the court-ordered divestiture of Towanda of (7%). The scale down in Core revenues was once pushed by way of a (13%) fade in quantity/combine because of weakened marketplace call for. Web loss from proceeding operations was once ($181.3) million, a fade of ($217.0) million year-over-year. Adjusted EBITDA from proceeding operations was once $37.7 million, a fade of ($37.1) million basically because of adverse quantity/combine and damaging value/price, partly offset by way of progressed productiveness and decrease SG&A.
- Europe – Web revenues had been $263.3 million, an build up of $6.6 million, or 2.6%, pushed by way of a positive foreign currency echange affect of 6%, partly offset by way of a scale down in Core Revenues of (4%). Core Revenues diminished basically because of adverse quantity/mixture of (6%) basically because of marketplace softness around the pocket, partly offset by way of a 2% have the benefit of value realization. Web loss from proceeding operations was once ($153.4) million, a fade of ($86.7) million year-over-year. Adjusted EBITDA from proceeding operations was once $16.0 million, a fade of ($0.2) million basically because of adverse quantity/combine, partly offset by way of progressed productiveness.
Money Tide
Web coins old in running actions was once ($37.7) million within the 9 months ended September 27, 2025, in comparison to coins equipped by way of running actions of $78.0 million within the 9 months ended September 28, 2024. The trade in coins old in running actions was once basically because of the scale down in income of ($458.6) million, inclusive of ($334.6) million in non-cash commendation impairment fees linked to our North The us and Europe reporting devices within the stream 12 months, $129.2 million resulting from a valuation expense recorded in opposition to our U.S. tax attributes all through 2025, and a $70.7 million build up in internet coins old in our operating capital accounts. The affect of accounts receivable, internet, was once adverse by way of ($57.8) million for the 9 months ended September 27, 2025, in comparison to the similar duration in 2024, basically pushed by way of a slower week of declining gross sales and accounts receivable relative to the prior 12 months. Accounts payable had an adverse affect of ($23.4) million, basically because of decreased stock purchases in North The us and decrease skilled expense payables linked to a change guide. Stock contributed a positive affect of $10.5 million, basically reflecting diminished subject material purchases in North The us.
Capital expenditures within the 9 months ended September 27, 2025, diminished by way of $14.1 million to $103.9 million, ill from $118.0 million within the 9 months ended September 28, 2024. Separate Money Tide old within the 9 months ended September 27, 2025, was once ($141.6) million, in comparison to Separate Money Tide old within the 9 months ended September 28, 2024, of ($40.0) million. This doesn’t come with the affect of the court-ordered divestiture of our Towanda facility proceeds of $110.7 million, which was once finished within the first quarter of the stream 12 months.
Personnel and Portfolio Movements
As a part of our ongoing efforts to align our price construction and fortify operational potency, the Corporate plans to drop its North The us and Company personnel by way of roughly 850 positions, representing kind of 11% of our North American and Company groups, by way of 12 months finish 2025. As well as, we have now initiated a strategic overview of our Eu section and proceed to simplify our portfolio to raised lend shoppers and function extra cheaply. Those are extremely tough choices, and we deeply recognize the determination and contributions of all of our colleagues. On the other hand, given the numerous macroeconomic headwinds, those movements are important to safeguard the long-term condition of the trade and can give a boost to the Corporate’s aggressive place in the future.
Up to date Complete Week 2025 Steering
JELD-WEN is decreasing its 2025 earnings steering to $3.1 to $3.2 billion, which displays a year-over-year fade in Core Revenues of roughly (10%) to (13%) in comparison to 2024. Moreover, the Corporate expects its Adjusted EBITDA to be within the length of $105 to $120 million, reflecting persisted drive from a aggressive pricing and quantity atmosphere.
| |
Income |
Adjusted EBITDA |
Core Income Abatement |
|
August 2025 Steering |
$3.2 to $3.4 billion |
$170 to $200 million |
I’m sick (4%) to (9%) |
|
Up to date 2025 Steering |
$3.1 to $3.2 billion |
$105 to $120 million |
I’m sick (10%) to (13%) |
With the earnings and EBITDA steering, the Corporate now expects running coins wave to be an approximate $45 million virtue of money together with prices related to the personnel aid of roughly $10 to $20 million.
Convention Name Knowledge
JELD-WEN control will host a convention name on November 4, 2025, at 8 a.m. ET, to speak about the Corporate’s monetary effects. traders and alternative events can get admission to the decision both by means of webcast by way of visiting the Investor Members of the family division of the Corporate’s web site at https://investors.jeld-wen.com, or by way of dialing 888-596-4144 from the USA or +1-646-968-2525 the world over and the usage of ID 6885549. A slide presentation highlighting the Corporate’s effects is to be had at the Investor Members of the family division of the Corporate’s web site.
For the ones not able to hear the reside match, a webcast replay will likely be to be had roughly two hours following finishing touch of the decision. To be informed extra about JELD-WEN, please discuss with the Corporate’s web site at https://investors.jeld-wen.com.
About JELD-WEN Protecting, Inc.
JELD-WEN Protecting, Inc. (NYSE: JELD) is a prominent world fashion designer, producer and distributor of high-performance inner and external doorways, home windows, and linked development merchandise serving the unused building and service and reworking sectors. Primarily based in Charlotte, North Carolina, JELD-WEN operates amenities in 14 international locations in North The us and Europe and employs roughly 16,000 mates devoted to bringing attractiveness and safety to the areas that contact our lives. The JELD-WEN nation of manufacturers contains JELD-WEN® international, LaCantina® and VPI™ in North The us, and Swedoor® and DANA® in Europe. For more info, discuss with corporate.JELD-WEN.com or apply us on LinkedIn.
Investor Members of the family Touch:
James Armstrong
Vice President, Investor Members of the family
704-378-5731
[email protected]
Media Touch:
JELD-WEN Protecting, Inc.
Melissa Farrington
Vice President, Undertaking Communications
262-350-6021
[email protected]
|
Notice: See “Non-GAAP Financial Information” division for definitions and reconciliation of non-GAAP monetary measures. |
Ahead-Having a look Statements
This press let go incorporates forward-looking statements inside the which means of the Personal Securities Litigation Reform Business of 1995. Those forward-looking statements are most often known by way of the virtue of forward-looking terminology, together with the phrases “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in every case, their damaging or alternative numerous or similar terminology. All statements alternative than statements of ancient details are forward-looking statements, together with statements referring to our trade methods and skill to explode on our plans, marketplace doable, moment monetary functionality, buyer call for, the potential for our sections, manufacturers and inventions, the affect of our strategic transformation move, footprint explanation, price aid and modernization tasks, the affect of acquisitions and divestitures on our trade and our skill to maximise price and combine operations, our pipeline of productiveness initiatives, the estimated affect of tax reform on our effects, geopolitical and financial indecision, safety breaches and alternative cybersecurity incidents, affects on our trade from climate and shape trade, litigation results, and our expectancies, ideals, plans, goals, potentialities, guesses, or alternative moment occasions, all of which contain dangers and uncertainties that would reason original effects to vary materially. For a dialogue of those dangers and uncertainties and alternative elements, please please see our Annual Document on Method 10-Ok for the 12 months ended December 31, 2024, Quarterly Experiences on Method 10-Q filed in 2025 and our alternative filings with the U.S. Securities and Change Fee.
The forward-looking statements incorporated on this let go are made as of the presen hereof, and we adopt incorrect legal responsibility to replace any forward-looking statements, apart from as required by way of regulation.
Non-GAAP Monetary Knowledge
This press let go items positive “non-GAAP” monetary measures, together with Adjusted EBITDA from proceeding operations, Adjusted EBITDA Margin from proceeding operations, Adjusted Web Source of revenue from proceeding operations, Adjusted EPS from proceeding operations, Separate Money Tide, and Web Debt Leverage. The elements of those non-GAAP measures are computed by way of the usage of quantities which are enthusiastic in line with accounting rules most often authorized in the USA of The us (“GAAP”). A reconciliation of non-GAAP monetary measures old on this press let go to their later similar GAAP monetary measures is incorporated within the tables on the finish of this press let go.
The Corporate supplies positive steering only on a non-GAAP foundation since the Corporate can not expect positive parts which are incorporated in positive reported GAAP effects. Age control isn’t ready to lend a reconciliation of things for forward-looking non-GAAP measures with out unreasonable aim, control bases the estimated levels of non-GAAP measures for moment sessions on its cheap estimates of positive pieces corresponding to assumed efficient tax fee, assumed pastime expense, and alternative guesses about capital necessities for moment sessions. Even supposing the Corporate believes the guesses mirrored within the length of its 2025 steering are cheap, original effects may just range considerably given the indecision in regards to the moment functionality of the worldwide financial system, ongoing geopolitical conflicts, disruptions in provide chains, and adjustments in uncooked subject material costs and alternative prices in addition to alternative dangers and uncertainties, together with the ones described underneath. As well as, the steering levels equipped for 2025 don’t come with the affect of doable acquisitions or divestitures. The range of this stuff could have an important affect on our moment GAAP effects.
Alternative corporations would possibly compute those measures another way. The non-U.S. GAAP knowledge has boundaries as an analytical device and must no longer be thought to be in isolation from or as an alternative choice to U.S. GAAP knowledge. It does no longer purport to constitute any in a similar fashion titled U.S. GAAP knowledge and isn’t a trademark of our functionality underneath U.S. GAAP.
We provide a number of monetary metrics in “Core” phrases, which exclude the affect of foreign currency echange, acquisitions and divestitures finished within the utmost 365 days. We outline Core Revenues as internet revenues apart from the affect of foreign currency echange, and acquisitions and divestitures finished within the utmost 365 days. The virtue of “Core” metrics assists control, traders, and analysts in working out the natural functionality of the operations.
We virtue Adjusted EBITDA from proceeding operations, Adjusted EBITDA Margin from proceeding operations, Adjusted Web Source of revenue from proceeding operations, and Adjusted EPS from proceeding operations as a result of we consider they lend a hand traders and analysts in evaluating our running functionality throughout reporting sessions on a constant foundation by way of apart from pieces that we don’t consider are indicative of our core running functionality. Control believes Adjusted EBITDA from proceeding operations and Adjusted EBITDA Margin from proceeding operations are useful in highlighting developments as a result of they exclude positive pieces out of doors the keep watch over of control, year alternative measures can vary considerably relying on long-term strategic choices referring to capital construction, the tax jurisdictions wherein we function, and capital investments. We virtue Adjusted EBITDA from proceeding operations and Adjusted EBITDA Margin from proceeding operations to measure our monetary functionality in reporting our effects to our Board of Administrators. Additional, our govt incentive repayment is founded partly on Adjusted EBITDA from proceeding operations. Adjusted EBITDA from proceeding operations must no longer be thought to be as an supplementary to internet source of revenue as a measure of monetary functionality or to coins flows from operations as a liquidity measure.
We outline Adjusted EBITDA from proceeding operations as source of revenue (loss) from proceeding operations, internet of tax, adjusted for please see pieces: source of revenue tax expense (receive advantages); depreciation and amortization; pastime expense (source of revenue), internet; and likely particular pieces consisting of non-recurring internet prison {and professional} bills and settlements; commendation impairment; restructuring and asset-related fees, internet; M&A linked prices (source of revenue); internet (achieve) loss on sale of industrial, component and gear; loss on extinguishment and refinancing of debt; share-based repayment expense; non-cash foreign currency echange transaction/translation (achieve) loss; and alternative particular pieces. We virtue Adjusted EBITDA from proceeding operations as a result of we consider this measure assists traders and analysts in evaluating our running functionality throughout reporting sessions on a constant foundation by way of apart from pieces that we don’t consider are indicative of our core running functionality.
Adjusted Web (Loss) Source of revenue from proceeding operations represents loss from proceeding operations adjusted for the after-tax affect of (i) positive particular pieces old to calculate Adjusted EBITDA from proceeding operations as described above and (ii) sped up amortization of an ERP that we’re now not using upcoming we finished our linked tasks underneath the JW Australia Transition Services and products Pledge all through the primary quarter of 2024. The place acceptable, the in particular known pieces are tax effected on the acceptable jurisdictional tax fee and tax expense is adjusted to take away the impact of discrete tax pieces.
Adjusted EPS from proceeding operations represents loss from proceeding operations in keeping with diluted proportion adjusted to exclude the estimated in keeping with proportion affect of the similar in particular known pieces old to calculate Adjusted Web (Loss) Source of revenue from proceeding operations as described above.
Adjusted EBITDA Margin from proceeding operations represents Adjusted EBITDA from proceeding operations as a share of internet revenues.
We provide Separate Money Tide as a result of we consider this metric assists traders and analysts in figuring out the attribute of our income. Separate Money Tide is outlined as internet coins (old in) equipped by way of running actions much less capital expenditures (together with purchases of intangible property). Separate Money Tide must no longer be thought to be as an supplementary to internet coins (old in) equipped by way of running actions as a liquidity measure. We additionally provide Web Debt Leverage as a result of this can be a key monetary metric this is old by way of control to evaluate the stability sheet possibility of the Corporate. We outline Web Debt Leverage as Web Debt (general fundamental debt remarkable much less unrestricted coins) divided by way of Adjusted EBITDA from proceeding operations for the utmost twelve-month duration.
Because of rounding, numbers introduced right through this let go won’t sum exactly to the totals equipped and percentages won’t exactly replicate absolutely the figures.
|
JELD-WEN Protecting, Inc.
Consolidated Statements of Operations (Unaudited) (In hundreds of thousands, apart from proportion and in keeping with proportion knowledge) |
||||||
| |
||||||
| |
|
3 Months Ended |
|
|
||
| |
|
September 27, |
|
September 28, |
|
% Variance |
|
Web revenues |
|
$ 809.5 |
|
$ 934.7 |
|
(13.4) % |
|
Price of gross sales |
|
668.6 |
|
754.8 |
|
(11.4) % |
|
Improper margin |
|
140.9 |
|
179.9 |
|
(21.7) % |
|
Promoting, normal and administrative |
|
137.7 |
|
143.3 |
|
(3.9) % |
|
Commendation impairment |
|
196.9 |
|
63.4 |
|
210.3 % |
|
Restructuring and asset-related fees, internet |
|
8.8 |
|
25.5 |
|
(65.4) % |
|
Running loss |
|
(202.5) |
|
(52.4) |
|
286.4 % |
|
Passion expense, internet |
|
17.4 |
|
16.3 |
|
6.8 % |
|
Loss on extinguishment and refinancing of debt |
|
— |
|
0.5 |
|
(100.0) % |
|
Alternative source of revenue, internet |
|
(1.1) |
|
(3.5) |
|
(68.3) % |
|
Loss from proceeding operations sooner than taxes |
|
(218.9) |
|
(65.7) |
|
233.1 % |
|
Source of revenue tax expense |
|
148.7 |
|
7.3 |
|
1,951.4 % |
|
Loss from proceeding operations, internet of tax |
|
(367.6) |
|
(73.0) |
|
403.8 % |
|
Loss on sale of discontinued operations, internet of tax |
|
— |
|
(1.4) |
|
(100.0) % |
|
Web loss |
|
$ (367.6) |
|
$ (74.4) |
|
394.1 % |
|
Diluted Web loss in keeping with proportion |
|
$ (4.30) |
|
$ (0.88) |
|
|
|
Diluted Stocks |
|
85,392,703 |
|
84,554,174 |
|
|
|
Alternative monetary knowledge: |
|
|
|
|
|
|
|
Running loss margin |
|
(25.0) % |
|
(5.6) % |
|
|
|
Adjusted EBITDA from proceeding operations(1) |
|
$ 44.4 |
|
$ 81.6 |
|
(45.6) % |
|
Adjusted EBITDA Margin from proceeding operations(1) |
|
5.5 % |
|
8.7 % |
|
|
| |
|
|
(1) |
Adjusted EBITDA from proceeding operations and Adjusted EBITDA Margin from proceeding operations are monetary measures that aren’t calculated in line with GAAP. For a dialogue of our presentation of Adjusted EBITDA from proceeding operations and Adjusted EBITDA Margin from proceeding operations, see above underneath the heading “Non-GAAP Financial Information.” |
|
Consolidated Statements of Operations (Unaudited) (In hundreds of thousands, apart from proportion and in keeping with proportion knowledge) |
||||||
| |
||||||
| |
|
9 Months Ended |
|
|
||
| |
|
September 27, |
|
September 28, |
|
% Variance |
|
Web revenues |
|
$ 2,409.2 |
|
$ 2,879.9 |
|
(16.3) % |
|
Price of gross sales |
|
2,012.8 |
|
2,337.4 |
|
(13.9) % |
|
Improper margin |
|
396.4 |
|
542.5 |
|
(26.9) % |
|
Promoting, normal and administrative |
|
431.0 |
|
494.5 |
|
(12.9) % |
|
Commendation impairment |
|
334.6 |
|
63.4 |
|
427.4 % |
|
Restructuring and asset-related fees, internet |
|
32.2 |
|
60.0 |
|
(46.3) % |
|
Running loss |
|
(401.4) |
|
(75.5) |
|
431.4 % |
|
Passion expense, internet |
|
48.8 |
|
48.6 |
|
0.5 % |
|
Loss on extinguishment and refinancing of debt |
|
0.2 |
|
1.9 |
|
(87.6) % |
|
Alternative source of revenue, internet |
|
(16.3) |
|
(20.2) |
|
(19.5) % |
|
Loss from proceeding operations sooner than taxes |
|
(434.2) |
|
(105.8) |
|
310.4 % |
|
Source of revenue tax expense |
|
145.9 |
|
13.4 |
|
989.8 % |
|
Loss from proceeding operations, internet of tax |
|
(580.0) |
|
(119.2) |
|
386.7 % |
|
Acquire (loss) on sale of discontinued operations, internet of tax |
|
0.8 |
|
(1.4) |
|
(153.9) % |
|
Web loss |
|
$ (579.3) |
|
$ (120.6) |
|
380.2 % |
|
Diluted Web loss in keeping with proportion from proceeding operations |
|
$ (6.81) |
|
$ (1.40) |
|
|
|
Diluted Web source of revenue (loss) in keeping with proportion from discontinued operations |
|
0.01 |
|
(0.02) |
|
|
|
Diluted Web loss in keeping with proportion |
|
$ (6.80) |
|
$ (1.42) |
|
|
|
Diluted stocks |
|
85,206,011 |
|
85,115,070 |
|
|
|
Alternative monetary knowledge: |
|
|
|
|
|
|
|
Running loss margin |
|
(16.7) % |
|
(2.6) % |
|
|
|
Adjusted EBITDA from proceeding operations(1) |
|
$ 105.3 |
|
$ 235.2 |
|
(55.2) % |
|
Adjusted EBITDA Margin from proceeding operations(1) |
|
4.4 % |
|
8.2 % |
|
|
| |
|
|
(1) |
Adjusted EBITDA from proceeding operations and Adjusted EBITDA Margin from proceeding operations are monetary measures that aren’t calculated in line with GAAP. For a dialogue of our presentation of Adjusted EBITDA from proceeding operations and Adjusted EBITDA Margin from proceeding operations, see above underneath the heading “Non-GAAP Financial Information.” |
|
JELD-WEN Protecting, Inc.
Consolidated Steadiness Sheets (Unaudited) (In hundreds of thousands, apart from proportion and in keeping with proportion knowledge) |
|||
| |
|||
| |
September 27, 2025 |
|
December 31, 2024 |
|
ASSETS |
|
|
|
|
Stream property |
|
|
|
|
Money and coins equivalents |
$ 106.7 |
|
$ 150.3 |
|
Limited coins |
1.7 |
|
0.7 |
|
Accounts receivable, internet |
442.7 |
|
388.4 |
|
Inventories |
466.9 |
|
460.1 |
|
Alternative stream property |
80.7 |
|
73.4 |
|
Property held on the market |
— |
|
126.9 |
|
Overall stream property |
1,098.7 |
|
1,199.9 |
|
Quality and gear, internet |
723.1 |
|
681.4 |
|
Deferred tax property |
16.2 |
|
143.3 |
|
Commendation |
— |
|
315.2 |
|
Intangible property, internet |
100.0 |
|
102.0 |
|
Running rent property, internet |
175.5 |
|
126.3 |
|
Alternative property |
58.2 |
|
52.1 |
|
Overall property |
$ 2,171.8 |
|
$ 2,620.2 |
|
LIABILITIES AND EQUITY |
|
|
|
|
Stream liabilities |
|
|
|
|
Accounts payable |
$ 290.4 |
|
$ 264.9 |
|
Accumulated payroll and advantages |
88.5 |
|
89.6 |
|
Accumulated bills and alternative stream liabilities |
218.6 |
|
224.2 |
|
Stream maturities of long-term debt |
27.8 |
|
30.9 |
|
Liabilities held on the market |
— |
|
15.3 |
|
Overall stream liabilities |
625.3 |
|
625.0 |
|
Lengthy-term debt |
1,154.9 |
|
1,152.4 |
|
Unfunded pension legal responsibility |
26.8 |
|
21.6 |
|
Running rent legal responsibility |
156.2 |
|
105.5 |
|
Deferred credit and alternative liabilities |
80.5 |
|
89.9 |
|
Deferred tax liabilities |
14.1 |
|
5.7 |
|
Overall liabilities |
2,057.8 |
|
2,000.1 |
|
Shareholders’ fairness |
|
|
|
|
Most well-liked Book, par price $0.01 in keeping with proportion, 90,000,000 stocks licensed; incorrect stocks issued and remarkable |
— |
|
— |
|
Usual Book: 900,000,000 stocks licensed, par price $0.01 in keeping with proportion, 85,413,805 and 84,653,408 stocks issued and remarkable, respectively |
0.9 |
|
0.8 |
|
Alternative paid-in capital |
780.3 |
|
769.1 |
|
Collected lack |
(599.6) |
|
(20.4) |
|
Collected alternative complete loss |
(67.6) |
|
(129.5) |
|
Overall shareholders’ fairness |
113.9 |
|
620.1 |
|
Overall liabilities and shareholders’ fairness |
$ 2,171.8 |
|
$ 2,620.2 |
|
JELD-WEN Protecting, Inc.
Consolidated Statements of Money Flows (Unaudited) (In hundreds of thousands) |
||||
| |
||||
| |
|
9 Months Ended |
||
| |
|
September 27, |
|
September 28, |
|
OPERATING ACTIVITIES |
|
|
|
|
|
Web loss |
|
$ (579.3) |
|
$ (120.6) |
|
Changes to reconcile internet loss to internet coins (old in) equipped by way of running actions: |
|
|
|
|
|
Depreciation and amortization |
|
83.0 |
|
97.6 |
|
Deferred source of revenue taxes |
|
136.6 |
|
(9.7) |
|
Web achieve on sale of industrial, component, and gear |
|
(2.4) |
|
(8.2) |
|
Commendation impairment |
|
334.6 |
|
63.4 |
|
Adjustment to wearing price of property |
|
5.1 |
|
18.0 |
|
Amortization of deferred financing prices |
|
1.8 |
|
1.9 |
|
Loss on extinguishment and refinancing of debt |
|
0.2 |
|
1.2 |
|
Loss on foreign currency echange translation adjustment linked to the considerable liquidation of a international subsidiary |
|
— |
|
4.3 |
|
(Acquire) loss on sale of discontinued operations |
|
(1.0) |
|
1.4 |
|
Percentage-based repayment expense |
|
11.9 |
|
12.6 |
|
Cure of price from receipts on used notes |
|
— |
|
(1.4) |
|
Alternative pieces, internet |
|
4.7 |
|
(5.2) |
|
Web trade in running property and liabilities: |
|
|
|
|
|
Accounts receivable |
|
(37.4) |
|
20.4 |
|
Inventories |
|
9.1 |
|
(1.4) |
|
Alternative property |
|
8.2 |
|
(0.8) |
|
Accounts payable and gathered bills |
|
(4.9) |
|
11.0 |
|
Trade in momentary and long-term tax liabilities |
|
(8.0) |
|
(6.5) |
|
Web coins (old in) equipped by way of running actions |
|
(37.7) |
|
78.0 |
|
INVESTING ACTIVITIES |
|
|
|
|
|
Purchases of component and gear |
|
(90.3) |
|
(109.8) |
|
Proceeds from sale of industrial, component and gear |
|
2.8 |
|
11.7 |
|
Acquire of intangible property |
|
(13.6) |
|
(8.2) |
|
Proceeds linked to the court-ordered divestiture of Towanda |
|
110.7 |
|
— |
|
Cure of price from receipts on used notes |
|
— |
|
1.4 |
|
Money gained for notes receivable |
|
— |
|
— |
|
Money gained from insurance coverage proceeds |
|
0.8 |
|
1.7 |
|
Acquire of securities for deferred repayment plan |
|
(0.7) |
|
(3.1) |
|
Web coins equipped by way of (old in) making an investment actions |
|
9.6 |
|
(106.4) |
|
FINANCING ACTIVITIES |
|
|
|
|
|
Trade in long-term debt and bills of debt extinguishment prices |
|
(21.0) |
|
(25.6) |
|
Usual secure issued for workout of choices |
|
— |
|
2.9 |
|
Usual secure repurchased |
|
— |
|
(24.3) |
|
Bills to tax government for worker share-based repayment |
|
(0.7) |
|
(1.2) |
|
Bills linked to the sale of JW Australia |
|
(0.8) |
|
(2.0) |
|
Web coins old in financing actions |
|
(22.5) |
|
(50.3) |
|
Impact of foreign currency echange trade charges on coins |
|
8.0 |
|
(1.2) |
|
Web scale down in coins and coins equivalents |
|
(42.6) |
|
(79.8) |
|
Money, coins equivalents and limited coins, starting |
|
151.0 |
|
289.1 |
|
Money, coins equivalents and limited coins, finishing |
|
$ 108.4 |
|
$ 209.3 |
|
JELD-WEN Protecting, Inc.
Reconciliation of Non-GAAP Monetary Measures (Unaudited) (In hundreds of thousands) |
|||||||
| |
|||||||
| |
3 Months Ended |
|
9 Months Ended |
||||
|
(quantities in hundreds of thousands) |
September 27, |
|
September 28, |
|
September 27, |
|
September 28, |
|
Loss from proceeding operations, internet of tax |
$ (367.6) |
|
$ (73.0) |
|
$ (580.0) |
|
$ (119.2) |
|
Source of revenue tax expense |
148.7 |
|
7.3 |
|
145.9 |
|
13.4 |
|
Depreciation and amortization(1) |
28.3 |
|
27.9 |
|
83.0 |
|
97.6 |
|
Passion expense, internet |
17.4 |
|
16.3 |
|
48.8 |
|
48.6 |
|
Particular pieces: |
|
|
|
|
|
|
|
|
Web prison {and professional} bills and settlements(2) |
5.8 |
|
12.3 |
|
26.3 |
|
49.8 |
|
Commendation impairment(3) |
196.9 |
|
63.4 |
|
334.6 |
|
63.4 |
|
Restructuring and asset-related fees, internet(4)(5) |
8.8 |
|
25.5 |
|
32.2 |
|
60.0 |
|
M&A linked prices(6) |
2.4 |
|
3.0 |
|
1.9 |
|
9.2 |
|
Web achieve on sale of industrial, component and gear(7) |
— |
|
(5.4) |
|
(2.8) |
|
(8.2) |
|
Loss on extinguishment and refinancing of debt(8) |
— |
|
0.5 |
|
0.2 |
|
1.9 |
|
Percentage-based repayment expense(9) |
4.3 |
|
2.5 |
|
11.9 |
|
12.6 |
|
Non-cash foreign currency echange transaction/translation achieve(10) |
— |
|
(0.4) |
|
— |
|
(3.1) |
|
Alternative particular pieces(11) |
(0.6) |
|
1.7 |
|
3.3 |
|
9.1 |
|
Adjusted EBITDA from proceeding operations |
$ 44.4 |
|
$ 81.6 |
|
$ 105.3 |
|
$ 235.2 |
| |
|
|
(1) |
Depreciation and amortization expense contains sped up amortization of $14.1 million within the 9 months ended September 28, 2024, in Company and unallocated prices for an ERP gadget that we’re now not using upcoming we finished our linked tasks underneath the JW Australia Transition Services and products Pledge all through the primary quarter of 2024. |
|
(2) |
Web prison {and professional} bills and settlements come with non-recurring transformation move bills of $5.3 million and $24.6 million within the 3 and 9 months ended September 27, 2025, respectively, and $12.0 million and $46.6 million within the 3 and 9 months ended September 28, 2024, respectively. For the 3 and 9 months ended September 27, 2025, those bills basically relate to project-based consulting charges that without delay aid the transformation move that aren’t anticipated to recur within the foreseeable moment. Those initiatives come with the centralization of human assets processes, North The us provide chain community optimization technique, and alternative initiatives linked to our transformation move. For the 3 and 9 months ended September 28, 2024, those bills basically relate to the engagement of a change guide for a duration spanning from the 3rd quarter of 2023 thru April 2025, for which we incurred $7.0 million and $35.4 million within the 3 and 9 months ended September 28, 2024, respectively. Bills for this change guide’s engagement, which was once prolonged into 2025, incorporated $2.5 million within the 9 months ended September 27, 2025, respectively. Moreover, internet prison {and professional} bills and settlements come with $0.4 million in each the 3 and 9 months ended September 27, 2025, and $0.2 million and $2.8 million within the 3 and 9 months ended September 28, 2024, respectively, in relation to litigation of historical prison issues. |
|
(3) |
Commendation impairment is composed of commendation impairment fees related to our North The us and Europe reporting devices in 2025 and our Europe reporting unit in 2024. |
|
(4) |
Restructuring and asset-related fees, internet represents severance, sped up depreciation and amortization, apparatus relocation and alternative bills without delay incurred on account of restructuring occasions. The restructuring fees basically relate to fees incurred to modify the running construction, get rid of positive roles, and akin positive production amenities in our North The us and Europe areas. |
|
(5) |
Product and inventory-related fees linked to introduced facility closures had been unfavourable to Adjusted EBITDA from proceeding operations. |
|
(6) |
M&A linked prices include prison {and professional} bills linked to the court-ordered divestiture of Towanda and alternative strategic tasks. |
|
(7) |
Web achieve on sale of industrial, component and gear within the 9 months ended September 27, 2025, basically pertains to the court-ordered divestiture of Towanda and the sale of component and gear in Marion, North Carolina. Web achieve on sale of industrial, component and gear within the 3 months ended September 28, 2024, basically pertains to the sale of our trade in St. Kitts. Web achieve on sale of industrial, component and gear within the 9 months ended September 28, 2024, basically pertains to the sale of our trade in St. Kitts and component in Chile. |
|
(8) |
Loss on extinguishment and refinancing of debt is composed of $0.2 million within the 9 months ended September 27, 2025, related to an modification of our ABL Facility. Loss on extinguishment and refinancing of debt of $0.5 million within the 3 months ended September 28, 2024, related to the redemption of the excess $200.0 million of our 4.63% Senior Notes. Loss on extinguishment and refinancing of debt of $1.9 million within the 9 months ended September 28, 2024, related to an modification of our Time period Mortgage Facility and redemption of the excess $200.0 million of our 4.63% Senior Notes. |
|
(9) |
Percentage-based repayment expense represents non-cash equity-based repayment expense linked to the issuance of share-based awards. |
|
(10) |
Non-cash foreign currency echange transaction/translation achieve is basically related to honest price changes of foreign currency echange derivatives and revaluation of balances denominated in foreign currency. |
|
(11) |
Alternative particular pieces no longer core to ongoing trade process come with: within the 9 months ended September 28, 2024, a lack of $4.3 million of cumulative foreign currency echange translation changes linked to the considerable liquidation of a international subsidiary in Chile in our North The us section, a one-time discovered foreign currency echange lack of $1.6 million in our Europe section linked to a coins repatriation match, and ($1.5) million of money gained on an used word in Company and unallocated prices. |
| |
|
3 Months Ended |
|
9 Months Ended |
||||
|
(quantities in hundreds of thousands, apart from proportion and in keeping with proportion knowledge) |
|
September 27, |
|
September 28, |
|
September 27, |
|
September 28, |
|
Loss from proceeding operations, internet of tax |
|
$ (367.6) |
|
$ (73.0) |
|
$ (580.0) |
|
$ (119.2) |
|
Particular pieces:(1) |
|
|
|
|
|
|
|
|
|
Web prison {and professional} bills and settlements |
|
5.8 |
|
12.3 |
|
26.3 |
|
49.8 |
|
Commendation impairment |
|
196.9 |
|
63.4 |
|
334.6 |
|
63.4 |
|
Restructuring and asset-related fees, internet |
|
8.8 |
|
25.5 |
|
32.2 |
|
60.0 |
|
M&A linked prices |
|
2.4 |
|
3.0 |
|
1.9 |
|
9.2 |
|
Web achieve on sale of industrial, component and gear |
|
— |
|
(5.4) |
|
(2.8) |
|
(8.2) |
|
Loss on extinguishment and refinancing of debt |
|
— |
|
0.5 |
|
0.2 |
|
1.9 |
|
Percentage-based repayment expense |
|
4.3 |
|
2.5 |
|
11.9 |
|
12.6 |
|
Non-cash foreign currency echange transaction/translation achieve |
|
— |
|
(0.4) |
|
— |
|
(3.1) |
|
Sped up amortization of an ERP gadget(2) |
|
— |
|
— |
|
— |
|
14.1 |
|
Alternative particular pieces |
|
(0.6) |
|
1.7 |
|
3.3 |
|
9.1 |
|
Tax affect of particular pieces(3) |
|
10.5 |
|
(7.4) |
|
— |
|
(31.3) |
|
Tax particular pieces(4) |
|
122.3 |
|
4.8 |
|
137.7 |
|
16.8 |
|
Adjusted Web (Loss) Source of revenue from proceeding operations |
|
$ (17.3) |
|
$ 27.6 |
|
$ (34.7) |
|
$ 75.4 |
| |
|
|
|
|
|
|
|
|
|
Diluted loss in keeping with proportion from proceeding operations |
|
$ (4.30) |
|
$ (0.86) |
|
$ (6.81) |
|
$ (1.40) |
|
Affect of extra dilutive stocks at the reported dilutive (loss) source of revenue in keeping with proportion |
|
— |
|
(0.01) |
|
— |
|
0.02 |
|
Particular pieces:(1) |
|
|
|
|
|
|
|
|
|
Web prison {and professional} bills and settlements |
|
0.07 |
|
0.14 |
|
0.31 |
|
0.58 |
|
Commendation impairment |
|
2.31 |
|
0.74 |
|
3.93 |
|
0.73 |
|
Restructuring and asset-related fees, internet |
|
0.10 |
|
0.30 |
|
0.38 |
|
0.69 |
|
M&A linked prices |
|
0.03 |
|
0.04 |
|
0.02 |
|
0.11 |
|
Web achieve on sale of industrial, component and gear |
|
— |
|
(0.06) |
|
(0.03) |
|
(0.09) |
|
Loss on extinguishment and refinancing of debt |
|
— |
|
0.01 |
|
— |
|
0.02 |
|
Percentage-based repayment expense |
|
0.05 |
|
0.03 |
|
0.14 |
|
0.15 |
|
Non-cash foreign currency echange transaction/translation achieve |
|
— |
|
— |
|
— |
|
(0.04) |
|
Sped up amortization of an ERP gadget(2) |
|
— |
|
— |
|
— |
|
0.16 |
|
Alternative particular pieces |
|
(0.01) |
|
0.02 |
|
0.04 |
|
0.11 |
|
Tax affect of particular pieces(3) |
|
0.12 |
|
(0.09) |
|
— |
|
(0.36) |
|
Tax particular pieces(4) |
|
1.43 |
|
0.06 |
|
1.62 |
|
0.19 |
|
Adjusted Web (Loss) Source of revenue in keeping with proportion from proceeding operations |
|
$ (0.20) |
|
$ 0.32 |
|
$ (0.41) |
|
$ 0.87 |
| |
|
|
|
|
|
|
|
|
|
Weighted reasonable diluted stocks |
|
85,392,703 |
|
85,630,545 |
|
85,206,011 |
|
86,401,875 |
|
Much less: Impact of dilutive securities |
|
— |
|
1,076,371 |
|
— |
|
1,286,805 |
|
Weighted reasonable modest stocks |
|
85,392,703 |
|
84,554,174 |
|
85,206,011 |
|
85,115,070 |
| |
|
|
Adjusted Web (Loss) Source of revenue from proceeding operations in keeping with proportion won’t sum because of rounding. |
|
|
(1) |
The following the calculation of Adjusted EBITDA from proceeding operations for a dialogue of the Particular pieces indexed above. |
|
(2) |
Sped up amortization of an ERP that we’re now not using upcoming we finished our linked tasks underneath the JW Australia Transition Services and products Pledge all through the primary quarter of 2024. |
|
(3) |
Excluding for non-deductible commendation impairments, changes to internet (loss) source of revenue and internet (loss) source of revenue in keeping with proportion are tax-effected on the jurisdictional statutory tax fee. |
|
(4) |
Tax particular pieces for the 3 and 9 months ended September 27, 2025 had been basically pushed by way of valuation expense recorded in opposition to our U.S. tax attributes of $115.0 million and $129.2 million, respectively. Tax particular pieces for the 3 and 9 months ended September 28, 2024 had been basically pushed by way of tax expense on unsure tax positions from audits relationship again to the 12 months 2015 of $2.4 million and $12.1 million, respectively, and valuation expense recorded in opposition to our U.S. tax attributes of $2.6 million and $4.3 million, respectively. |
| |
|
3 Months Ended September 27, 2025 |
||||||
|
(quantities in hundreds of thousands) |
|
North |
|
Europe |
|
Company |
|
Overall |
|
Loss from proceeding operations, internet of tax |
|
$ (181.3) |
|
$ (153.4) |
|
$ (33.0) |
|
$ (367.6) |
|
Source of revenue tax expense (receive advantages) |
|
151.9 |
|
0.4 |
|
(3.6) |
|
148.7 |
|
Depreciation and amortization |
|
17.3 |
|
8.5 |
|
2.5 |
|
28.3 |
|
Passion expense, internet |
|
0.2 |
|
1.0 |
|
16.2 |
|
17.4 |
|
Particular pieces:(1) |
|
|
|
|
|
|
|
|
|
Web prison {and professional} bills and settlements |
|
1.1 |
|
1.5 |
|
3.1 |
|
5.8 |
|
Commendation impairment |
|
43.5 |
|
153.4 |
|
— |
|
196.9 |
|
Restructuring and asset-related fees, internet |
|
3.9 |
|
3.9 |
|
1.0 |
|
8.8 |
|
M&A linked prices |
|
— |
|
— |
|
2.4 |
|
2.4 |
|
Percentage-based repayment expense |
|
0.6 |
|
0.7 |
|
3.0 |
|
4.3 |
|
Alternative particular pieces |
|
0.3 |
|
— |
|
(0.9) |
|
(0.6) |
|
Adjusted EBITDA from proceeding operations |
|
$ 37.7 |
|
$ 16.0 |
|
$ (9.3) |
|
$ 44.4 |
| |
|
|
(1) |
The following the calculation of Adjusted EBITDA from proceeding operations for a dialogue of the Particular pieces indexed above. |
| |
|
3 Months Ended September 28, 2024 |
||||||
|
(quantities in hundreds of thousands) |
|
North |
|
Europe |
|
Company |
|
Overall |
|
Source of revenue (loss) from proceeding operations, internet of tax |
|
$ 35.8 |
|
$ (66.7) |
|
$ (42.1) |
|
$ (73.0) |
|
Source of revenue tax expense (receive advantages) |
|
6.5 |
|
2.6 |
|
(1.8) |
|
7.3 |
|
Depreciation and amortization |
|
18.1 |
|
7.9 |
|
1.8 |
|
27.9 |
|
Passion expense (source of revenue), internet |
|
0.8 |
|
— |
|
15.5 |
|
16.3 |
|
Particular pieces:(1) |
|
|
|
|
|
|
|
|
|
Web prison {and professional} bills and settlements |
|
0.6 |
|
1.0 |
|
10.7 |
|
12.3 |
|
Commendation impairment |
|
— |
|
63.4 |
|
— |
|
63.4 |
|
Restructuring and asset-related fees, internet |
|
17.1 |
|
7.8 |
|
0.6 |
|
25.5 |
|
M&A linked prices |
|
— |
|
— |
|
3.0 |
|
3.0 |
|
Web (achieve) loss on sale of industrial, component and gear |
|
(5.3) |
|
— |
|
(0.2) |
|
(5.4) |
|
Loss on extinguishment and refinancing of debt |
|
— |
|
— |
|
0.5 |
|
0.5 |
|
Percentage-based repayment expense |
|
0.3 |
|
0.3 |
|
1.8 |
|
2.5 |
|
Non-cash foreign currency echange transaction/translation loss (achieve) |
|
0.1 |
|
(0.5) |
|
0.1 |
|
(0.4) |
|
Alternative particular pieces |
|
0.7 |
|
0.3 |
|
0.7 |
|
1.7 |
|
Adjusted EBITDA from proceeding operations |
|
$ 74.8 |
|
$ 16.3 |
|
$ (9.4) |
|
$ 81.6 |
| |
|
|
(1) |
The following the calculation of Adjusted EBITDA from proceeding operations for a dialogue of the Particular pieces indexed above. |
| |
|
9 Months Ended September 27, 2025 |
||||||
|
(quantities in hundreds of thousands) |
|
North |
|
Europe |
|
Company |
|
Overall |
|
Loss from proceeding operations, internet of tax |
|
$ (333.6) |
|
$ (160.8) |
|
$ (85.7) |
|
$ (580.0) |
|
Source of revenue tax expense (receive advantages) |
|
166.5 |
|
6.8 |
|
(27.5) |
|
145.9 |
|
Depreciation and amortization |
|
51.4 |
|
24.3 |
|
7.4 |
|
83.0 |
|
Passion (source of revenue) expense, internet |
|
(1.0) |
|
2.6 |
|
47.2 |
|
48.8 |
|
Particular pieces:(1) |
|
|
|
|
|
|
|
|
|
Web prison {and professional} bills and settlements |
|
2.6 |
|
4.3 |
|
19.4 |
|
26.3 |
|
Commendation impairment |
|
181.2 |
|
153.4 |
|
— |
|
334.6 |
|
Restructuring and asset-related fees, internet |
|
19.0 |
|
11.5 |
|
1.7 |
|
32.2 |
|
M&A linked prices |
|
— |
|
— |
|
1.9 |
|
1.9 |
|
Web achieve on sale of industrial, component and gear |
|
(2.8) |
|
— |
|
— |
|
(2.8) |
|
Loss on extinguishment and refinancing of debt |
|
— |
|
— |
|
0.2 |
|
0.2 |
|
Percentage-based repayment expense |
|
2.1 |
|
1.7 |
|
8.1 |
|
11.9 |
|
Alternative particular pieces |
|
2.3 |
|
0.1 |
|
0.9 |
|
3.3 |
|
Adjusted EBITDA from proceeding operations |
|
$ 87.9 |
|
$ 43.7 |
|
$ (26.4) |
|
$ 105.3 |
| |
|
|
(1) |
The following the calculation of Adjusted EBITDA from proceeding operations for a dialogue of the Particular pieces indexed above. |
| |
|
9 Months Ended September 28, 2024 |
||||||
|
(quantities in hundreds of thousands) |
|
North |
|
Europe |
|
Company Prices |
|
Overall |
|
Source of revenue (loss) from proceeding operations, internet of tax |
|
$ 82.8 |
|
$ (71.7) |
|
$ (130.3) |
|
$ (119.2) |
|
Source of revenue tax expense (receive advantages) |
|
26.8 |
|
15.8 |
|
(29.2) |
|
13.4 |
|
Depreciation and amortization(1) |
|
55.0 |
|
22.9 |
|
19.6 |
|
97.6 |
|
Passion expense, internet |
|
2.1 |
|
0.9 |
|
45.5 |
|
48.6 |
|
Particular pieces:(2) |
|
|
|
|
|
|
|
|
|
Web prison {and professional} bills and settlements |
|
2.3 |
|
2.4 |
|
45.1 |
|
49.8 |
|
Commendation impairment |
|
— |
|
63.4 |
|
— |
|
63.4 |
|
Restructuring and asset-related fees, internet |
|
40.2 |
|
18.4 |
|
1.4 |
|
60.0 |
|
M&A linked prices |
|
— |
|
— |
|
9.2 |
|
9.2 |
|
Web achieve on sale of industrial, component and gear |
|
(7.8) |
|
(0.2) |
|
(0.2) |
|
(8.2) |
|
Loss on extinguishment and refinancing of debt |
|
— |
|
— |
|
1.9 |
|
1.9 |
|
Percentage-based repayment expense |
|
2.6 |
|
1.0 |
|
9.0 |
|
12.6 |
|
Non-cash foreign currency echange transaction/translation loss (achieve) |
|
0.3 |
|
(3.8) |
|
0.4 |
|
(3.1) |
|
Alternative particular pieces |
|
7.2 |
|
1.9 |
|
— |
|
9.1 |
|
Adjusted EBITDA from proceeding operations |
|
$ 211.6 |
|
$ 51.2 |
|
$ (27.6) |
|
$ 235.2 |
| |
|
|
(1) |
Company and unallocated depreciation and amortization expense within the 9 months ended September 28, 2024, contains sped up amortization of $14.1 million for an ERP gadget that we’re now not using upcoming we finished our linked tasks underneath the JW Australia Transition Services and products Pledge. |
|
(2) |
The following the calculation of Adjusted EBITDA from proceeding operations for a dialogue of the Particular pieces indexed above. |
| |
|
9 Months Ended |
||
|
(quantities in hundreds of thousands) |
|
September 27, |
|
September 28, |
|
Web coins (old in) equipped by way of running actions |
|
$ (37.7) |
|
$ 78.0 |
|
Much less: capital expenditures(1) |
|
103.9 |
|
118.0 |
|
Separate Money Tide(1) |
|
$ (141.6) |
|
$ (40.0) |
| |
|
|
(1) |
Separate Money Tide is a monetary measure that isn’t calculated in line with GAAP. For a dialogue of our presentation of Separate Money Tide, see above underneath the heading “Non-GAAP Financial Information.” |
|
(quantities in hundreds of thousands apart from Web Debt Leverage) |
|
September 27, 2025 |
|
December 31, 2024 |
|
Overall debt |
|
$ 1,182.7 |
|
$ 1,183.4 |
|
Much less: coins and coins equivalents |
|
106.7 |
|
150.3 |
|
Web Debt(1) |
|
$ 1,076.0 |
|
$ 1,033.1 |
|
Divided by way of trailing 365 days Adjusted EBITDA from proceeding operations(2) |
|
145.4 |
|
275.2 |
|
Web Debt Leverage(1) |
|
7.4x |
|
3.8x |
| |
|
|
(1) |
Web Debt and Web Debt Leverage are monetary measures that aren’t calculated in line with GAAP. For a dialogue of our presentation of Web Debt Leverage, see above underneath the heading “Non-GAAP Financial Information.” |
|
(2) |
Trailing 365 days Adjusted EBITDA from proceeding operations for each sessions. Adjusted EBITDA from proceeding operations is a monetary measure that isn’t calculated in line with GAAP. For a dialogue of our presentation of Adjusted EBITDA from proceeding operations, see above underneath the heading “Non-GAAP Financial Information.” |
|
Section Effects (Unaudited) (In hundreds of thousands) |
||||||
| |
||||||
| |
|
3 Months Ended |
|
|
||
|
(quantities in hundreds of thousands) |
|
September 27, |
|
September 28, |
|
% Variance |
|
Web revenues from exterior shoppers |
|
|
|
|
|
|
|
North The us |
|
$ 546.1 |
|
$ 677.9 |
|
(19.4) % |
|
Europe |
|
263.3 |
|
256.8 |
|
2.6 % |
|
Overall Consolidated |
|
$ 809.5 |
|
$ 934.7 |
|
(13.4) % |
|
Adjusted EBITDA from proceeding operations(1) |
|
|
|
|
|
|
|
North The us |
|
$ 37.7 |
|
$ 74.8 |
|
(49.6) % |
|
Europe |
|
16.0 |
|
16.3 |
|
(1.3) % |
|
Company and unallocated prices |
|
(9.3) |
|
(9.4) |
|
(0.9) % |
|
Overall Consolidated |
|
$ 44.4 |
|
$ 81.6 |
|
(45.6) % |
| |
|
|
|
|
|
|
| |
|
9 Months Ended |
|
|
||
|
(quantities in hundreds of thousands) |
|
September 27, |
|
September 28, |
|
% Variance |
|
Web revenues from exterior shoppers |
|
|
|
|
|
|
|
North The us |
|
$ 1,632.4 |
|
$ 2,068.5 |
|
(21.1) % |
|
Europe |
|
776.8 |
|
811.3 |
|
(4.2) % |
|
Overall Consolidated |
|
$ 2,409.2 |
|
$ 2,879.9 |
|
(16.3) % |
|
Adjusted EBITDA from proceeding operations(1) |
|
|
|
|
|
|
|
North The us |
|
$ 87.9 |
|
$ 211.6 |
|
(58.4) % |
|
Europe |
|
43.7 |
|
51.2 |
|
(14.6) % |
|
Company and unallocated prices |
|
(26.4) |
|
(27.6) |
|
(4.5) % |
|
Overall Consolidated |
|
$ 105.3 |
|
$ 235.2 |
|
(55.2) % |
| |
|
|
(1) |
Adjusted EBITDA from proceeding operations is a monetary measure that isn’t calculated in line with GAAP. For a dialogue of our presentation of Adjusted EBITDA from proceeding operations, see above underneath the heading “Non-GAAP Financial Information.” |
SOURCE JELD-WEN Protecting, Inc.
