JELDHIGH SIGNALFINANCIAL10-K

JELD-WEN experienced a massive decline in stockholders' equity alongside broad-based deterioration in revenue, profitability, and asset base.

The company's stockholders' equity collapsed by over 80%, indicating either substantial losses, significant restructuring charges, or major capital distributions that have severely weakened the balance sheet. This dramatic erosion of shareholder value, combined with declining revenues and profitability, suggests the company is facing serious operational and financial challenges that require immediate attention from management and close monitoring by investors.

Comparing 2026-02-23 vs 2025-02-20View on EDGAR →
FINANCIAL ANALYSIS

JELD-WEN's financial profile deteriorated meaningfully across multiple dimensions, with revenue declining 15% to $3.2B and gross profit falling 25% to $514M, indicating compressed margins. While the company reduced SG&A expenses and capital expenditures, these cost-cutting measures were insufficient to offset the underlying performance decline. The most alarming development was the massive reduction in stockholders' equity from $620M to just $92M, which fundamentally alters the company's financial stability and suggests either substantial losses or significant one-time charges that have severely impaired shareholder value.

FINANCIAL STATEMENT CHANGES
Stockholders Equity
Balance Sheet
-85.1%
$620.1M$92.2M

Equity declined sharply — large losses, buybacks, or write-downs reducing book value significantly.

Capital Expenditure
Cash Flow
-26%
$161.9M$119.8M

Capex reduced 26% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Gross Profit
P&L
-25.4%
$689.0M$514.2M

Gross margin compression — rising input costs, pricing pressure, or unfavorable product mix shift.

Total Assets
Balance Sheet
-19.7%
$2.6B$2.1B

Total assets contracted 19.7% — asset sales, write-downs, or balance sheet optimization underway.

SG&A Expense
P&L
-15.5%
$652.5M$551.1M

SG&A reduced 15.5% — improved cost efficiency or headcount reduction improving operating margins.

Current Assets
Balance Sheet
-15.3%
$1.2B$1.0B

Current assets declined 15.3% — monitor working capital adequacy and short-term liquidity.

Revenue
P&L
-14.9%
$3.8B$3.2B

Revenue softened 14.9% — monitor whether this is cyclical or structural.

LANGUAGE CHANGES
NEW — 2026-02-23
PRIOR — 2025-02-20
ADDED
The registrant had 86,105,591 shares of common stock, par value $0.01 per share, issued and outstanding as of February 18, 2026.
Management's Discussion and Analysis of Financial Condition and Results of Operations 35 Item 7A.
European Union EBITDA Earnings Before Interest, Taxes, Depreciation, and Amortization EH S Environmental Health and Safety EPA The U.S.
ISO International Organization for Standardization IT Information Technology JELD-WEN JELD-WEN Holding, Inc.
, together with its consolidated subsidiaries where the context requires JW Australia The Company s former Australasia business JWI JELD-WEN, Inc., a Delaware corporation LaCantina JWI d/b/a LaCantina Doors, Inc.
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REMOVED
The registrant had 84,849,974 shares of common stock, par value $0.01 per share, issued and outstanding as of February 14, 2025.
Management's Discussion and Analysis of Financial Condition and Results of Operations 36 Item 7A.
AI Artificial intelligence AOCL Accumulated Other Comprehensive Loss ASC Accounting Standards Codification ASU Accounting Standards Update AUD Australian Dollar Base rate LIBOR portion of the interest rate.
In June 2023, we amended the ABL Facility to replace LIBOR with a Term SOFR based rate.
CAP Cleanup Action Plan CARES Act Coronavirus Aid, Relief, and Economic Security Act enacted on March 27, 2020 CEO Chief Executive Officer or principal executive officer CERCLA Comprehensive Environmental Response, Compensation, and Liability Act CFO Chief Financial Officer or principal financial officer CIO Chief Digital and Information Officer CISO Chief Information Security Officer Charter Amended and Restated Certificate of Incorporation of JELD-WEN Holding, Inc.
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