The double beat and guidance raise are near-term positives for a stock trading at $122M market cap, but the worsening cash flow and 11.3x net debt leverage demand caution. Monitor Q3 for volume stabilization and working capital improvement; further debt reduction is critical.
Price Chart
Executive Summary
JELD-WEN reported Q2 2026 revenue of $817.8M (vs $792.6M consensus) and adjusted EPS of -$0.11 (vs -$0.14 consensus), a double beat. The company raised its full-year adjusted EBITDA guidance low end from $100M to $120M, but GAAP net loss widened to -$31.5M from -$22.3M and revenue declined 0.7% YoY, highlighting ongoing demand weakness. The mixed signals—operational improvement in adjusted EBITDA vs deteriorating cash flow and leverage—suggest a cautious outlook.
Key Financial Metrics
Key Facts
- Revenue $817.8M beat consensus $792.6M by 3.2%, but declined 0.7% YoY
- Adjusted EPS -$0.11 vs consensus -$0.14 (beat by 21%), GAAP EPS -$0.37 vs -$0.26 YoY
- Adjusted EBITDA $42.3M (+8.3% YoY), first YoY growth in 10 quarters, margin +50bps to 5.2%
- Raised full-year guidance: revenue $3.1-3.2B (from $3.05-3.2B), adjusted EBITDA $120-150M (from $100-150M)
- Net loss from continuing ops -$31.5M vs -$22.3M, driven by interest and other charges
- H1 operating cash flow -$100.2M vs -$48.9M, free cash flow -$144.8M vs -$125.1M
- Net debt leverage rose to 11.3x from 8.8x at year-end; total debt $1.24B
Financial Impact
Adjusted EPS beat by $0.03 and revenue beat by ~$25M; guidance raise adds ~$20M to adjusted EBITDA midpoint, but ongoing cash burn and high leverage temper upside.
Risk Factors
- Continued volume declines in North America (-5% core revenues) and soft demand environment
- Negative operating cash flow and free cash flow; potential liquidity concerns if trend persists
- High net debt leverage (11.3x) limits financial flexibility; covenant risk if EBITDA deteriorates
- Restructuring and transformation costs ongoing; material one-time adjustments cloud underlying trends
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302841301 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 3, 2026 8w ago | Press Release | $1.81 $2.17 | ▲ +19.89% | ▲ +21.13% | $1.89 (+4.42%) |
Jun 11, 2026 16w ago | Institutional Cluster | $1.79 $1.24 | ▼ −30.73% | ▼ −32.62% | $1.89 (+5.59%) |
May 11, 2026 20w ago | 144 | $1.61 $1.75 | ▲ +8.70% | ▲ +9.00% | $1.89 (+17.39%) |
May 4, 2026 21w ago | 8-K | $1.64 $2.03 | ▼ −23.78% | ▼ −18.83% | $1.89 (−15.24%) |
Apr 24, 2026 23w ago | 8-K | $1.53 $1.80 | ▲ +17.65% | ▲ +12.69% | $1.89 (+23.53%) |
Mar 12, 2026 29w ago | DEFA14A | $1.49 $1.13 | ▼ −24.16% | ▼ −27.75% | $1.89 (+26.85%) |
US Market Status
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