JELD-WEN 10-Q: Q3 Loss Narrows to $17.2M, Liquidity Falls to $268.6M Ahead of Refinancing
JELD sits 41% above its 52-week low of $0.925.
Summary
JELD-WEN's Q3 10-Q shows a narrower $17.2 million net loss and Adjusted EBITDA of $54.4 million, but liquidity fell to $268.6 million and equity turned negative as it races to close a debt refinancing.
Key Events · Earnings and Guidance · JELD
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Q3 Loss Narrows, EBITDA Rises
Revenue of $798.5 million (-1.4%) produced a $17.2 million net loss, or $(0.20) per share, versus a $367.6 million loss a year ago; Adjusted EBITDA rose to $54.4 million from $44.4 million.
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Tariff Refunds Lift Margins
The company recognized $11.6 million of tariff refunds in Q3 and $12.6 million for the nine months as a reduction of cost of sales, supporting the 17.2% gross margin.
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Liquidity Drops Sharply
Total liquidity fell to $268.6 million from $484.7 million at December 31, 2025, with $115.0 million drawn on the ABL Facility and $171.6 million still available.
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Equity Turns Negative
Total shareholders' equity swung to a $40.2 million deficit from $92.2 million at year-end, driven by the $125.6 million nine-month net loss.
Analysis · JELD · Manufacturing
The 10-Q puts hard numbers on the Q3 release: revenue of $798.5 million (-1.4%), a $17.2 million net loss, and Adjusted EBITDA of $54.4 million versus $44.4 million a year ago, helped by $11.6 million of tariff refunds booked against cost of sales. The balance sheet is the real story — liquidity dropped to $268.6 million from $484.7 million at year-end, $115.0 million is drawn on the ABL, and shareholders' equity is now a $40.2 million deficit. With $400 million of 4.875% notes due December 2027 that operations cannot repay, the company added a risk factor saying the refinancing must close or liquidity and covenants are at risk; that exchange offer launched October 28, 2026 and remains subject to closing conditions.
How filings like this one have moved
In the 30 days to Nov 4, 2026, 32.4% of the 2221 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, JELD was trading at $1.30 on NYSE in the Manufacturing sector, with a market capitalization of approximately $104.1M. The 52-week trading range was $0.93 to $4.40. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.