Financial Data and Key Metrics Changes - Fourth quarter net revenue was $802 million, down 10% year-over-year from $896 million in the prior year, with core revenue declining 8% primarily due to lower volume [14][17] - Adjusted EBITDA for the quarter was $15 million, or 1.8% of sales, compared to $40 million, or 4.5% of sales in the fourth quarter of last year, reflecting unfavorable operating leverage and ongoing price and cost pressure [14][18] - For the full year, sales totaled $3.2 billion and Adjusted EBITDA was $120 million, which was at the high end of guidance but below initial expectations [8][12] Business Line Data and Key Metrics Changes - In North America, fourth quarter revenue was $522 million, down from $640 million in the prior year, with Adjusted EBITDA declining to $14 million from $42 million [19] - In Europe, revenue increased to $280 million from $256 million in the prior year, primarily due to a weaker US dollar, but volumes and mix were lower year-over-year [19][20] Market Data and Key Metrics Changes - The overall market for windows and doors in North America is expected to decline low- to mid-single digits, with new single-family construction down low single digits and repair and remodel activity down mid-single digits [22] - The Canadian market is anticipated to see high single-digit declines due to ongoing economic slowdown and weaker housing activity [22] - In Europe, volumes are expected to be broadly flat year-over-year, indicating stabilization without material improvements [22] Company Strategy and Development Direction - The company is focused on controlling costs and improving service levels while preparing for a potential market recovery [10][34] - A strategic review of the European business is ongoing, with potential actions to improve liquidity and strengthen the balance sheet [10][11] - The company is implementing a new A3 Operating System across its manufacturing network to enhance problem-solving and operational efficiency [31][32] Management's Comments on Operating Environment and Future Outlook - Management noted that the macro environment remained soft, with no meaningful improvement in demand expected in the near term [4][10] - The company is prioritizing pricing discipline and managing costs to navigate the challenging market conditions [24][25] - Future guidance reflects continued uncertainty, with expectations for net revenue between $2.95 billion and $3.1 billion and Adjusted EBITDA in the range of $100 million to $150 million [24][25] Other Important Information - The company completed a sale-leaseback of its Coral Springs facility, generating approximately $38 million in net proceeds, which improved liquidity [7][15] - At year-end, the company had approximately $136 million in cash and about $350 million available on its revolver, with no debt maturities until December 2027 [11] Q&A Session Summary Question: Price versus volume dynamic - Management indicated that pricing actions are largely implemented and expect slight headwinds from price-cost dynamics due to inflation [42][43] Question: Implementation of operational improvements - Management reported that they are approximately 85% through the implementation of the new operating model across all sites, focusing on shop floor improvements and problem-solving [47][48] Question: Future productivity and efficiency projects - Management acknowledged that while productivity opportunities exist, current volume reductions are limiting the ability to realize those benefits [48][50]

Jeld-Wen (NYSE:JELD) Q4 2025 Earnings call February 18, 2026 08:00 AM ET Company ParticipantsBill Christensen - CEOJames Armstrong - VP of Investor RelationsSamantha Stoddard - CFOConference Call ParticipantsSusan Maklari - Senior Equity Research AnalystOperatorLadies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome you to the JELD-WEN's fourth quarter and full year 2025 earnings conference call. All lines have b ...

Financial Data and Key Metrics Changes - Fourth quarter net revenue was $802 million, down 10% year-over-year from $896 million in the prior year, with core revenue declining 8% primarily due to lower volume [13][16] - Adjusted EBITDA for the quarter was $15 million, or 1.8% of sales, compared to $40 million, or 4.5% of sales in the fourth quarter of last year, reflecting unfavorable operating leverage and ongoing price and cost pressures [13][18] - For the full year, sales totaled $3.2 billion and Adjusted EBITDA was $120 million, which was at the high end of guidance but below initial expectations [8][12] Business Line Data and Key Metrics Changes - In North America, fourth quarter revenue was $522 million, down from $640 million in the prior year, with Adjusted EBITDA declining to $14 million from $42 million [19] - In Europe, revenue increased to $280 million from $256 million in the prior year, primarily due to a weaker US dollar, but volumes and mix were lower year-over-year [19][20] Market Data and Key Metrics Changes - The overall market for windows and doors in North America is expected to decline low- to mid-single digits, with new single-family construction down low single digits and repair and remodel activity down mid-single digits [21][24] - The Canadian market is anticipated to see high single-digit declines due to ongoing economic slowdown and weaker housing activity [21] - In Europe, volumes are expected to be broadly flat year-over-year, indicating stabilization without material improvements [22][23] Company Strategy and Development Direction - The company is focused on controlling costs and improving execution in a challenging macro environment, with structural actions taken to align costs with current market realities [10][11] - A strategic review of the European business is ongoing, with potential actions to improve liquidity and strengthen the balance sheet [10][11] - The company is implementing a new A3 Operating System across its manufacturing network to improve problem-solving and operational consistency [31][32] Management's Comments on Operating Environment and Future Outlook - Management noted that the macro environment remained soft, with no meaningful improvement in demand expected in the near term [4][10] - The company is prioritizing pricing discipline and expects to face continued headwinds from cost inflation, particularly in tariffs and materials [24][28] - Management expressed confidence in the company's ability to operate from a stronger position as market conditions improve, focusing on service and operational improvements [12][34] Other Important Information - The company completed a sale-leaseback of its Coral Springs facility, generating approximately $38 million in net proceeds, enhancing liquidity [6][15] - At year-end, the company had approximately $136 million in cash and about $350 million available on its revolver, with no debt maturities until December 2027 [11] Q&A Session Summary Question: Price versus volume dynamic - Management indicated that pricing actions are largely implemented and expect slight headwinds from price-cost dynamics due to ongoing inflation [42][43] Question: Implementation of operational improvements - Management reported that they are approximately 85% through the implementation of the new operating model across all sites, focusing on shop floor improvements and productivity [46][47]

Fourth Quarter & Full Year 2025 Results February 18, 2026 $$\mathrm{~uA~}$$ Speakers Bill Christensen CEO Samantha Stoddard CFO Disclosures Certain statements in this presentation, including our guidance and business strategies, are forward- looking statements that involve risk, uncertainty and assumptions, and are based on information as of February 18, 2026. Actual results may differ materially from those set forth in such statements. For a discussion of these risks and uncertainties, you should review ou ...

Exhibit 99.1 JELD-WEN Reports Fourth Quarter and Full Year 2025 Results, Establishes 2026 Guidance February 17, 2026 Charlotte, N.C. - JELD-WEN Holding, Inc. (NYSE: JELD) ("JELD-WEN" or the "Company") today announced results for the three months and year ended December 31, 2025. Comparability is to the same period in the prior year. Fourth Quarter Highlights Full Year Highlights "Fourth-quarter results came in at the high end of our expectations, reflecting disciplined execution and a clear focus on operati ...

because the Company cannot predict certain elements that are included in certain reported GAAP results. While management cannot provide a reconciliation of items for forward-looking non-GAAP measures without unreasonable effort, management bases the estimated ranges of non-GAAP measures for future periods on its reasonable estimates of certain items such as assumed effective tax rate, assumed interest expense, and other assumptions about capital requirements for future periods. Although the Company believes ...

Group 1 - The core focus of Crude Value Insights is on cash flow and companies that generate it, highlighting value and growth prospects in the oil and natural gas sector [1] - Subscribers benefit from a 50+ stock model account, which provides a comprehensive analysis of cash flow for exploration and production (E&P) firms [1] - The service includes live chat discussions about the sector, fostering a community for investors interested in oil and gas [1] Group 2 - A two-week free trial is available for new subscribers, encouraging engagement with the oil and gas investment service [2]

Core Viewpoint - JELD-WEN Holding, Inc. will release its fourth quarter and full year 2025 results on February 17, 2026, followed by a conference call on February 18, 2026, to discuss the results [1]. Group 1 - The conference call can be accessed via webcast on the company's Investor Relations website or by dialing specific phone numbers for U.S. and international participants [2]. - A replay of the conference call will be available on the company's website approximately two hours after the live event [2]. Group 2 - JELD-WEN Holding, Inc. is a global designer, manufacturer, and distributor of high-performance building products, including doors and windows, serving both new construction and remodeling sectors [2]. - The company is headquartered in Charlotte, North Carolina, operates in 14 countries across North America and Europe, and employs around 16,000 associates [2]. - The JELD-WEN brand portfolio includes JELD-WEN worldwide, LaCantina, VPI™ in North America, and Swedoor and DANA in Europe [2].

Core Insights - The market is witnessing a potential multi-year outperformance cycle for low-valuation equities and small caps, which have lagged for about a decade [2] - Value stocks outperformed growth stocks by 269-724 basis points across all market caps in Q4 [3] - The concentration of large-cap technology stocks has increased significantly, with the top 12 AI-linked stocks adding approximately $15 trillion in market cap since the launch of ChatGPT in 2022, while their revenue growth was only $650 billion [5] Market Performance - In Q4, value stocks across various market caps showed significant outperformance compared to growth stocks, with the Russell Top 200 value stocks returning 3.81% versus 1.12% for growth, resulting in a 2.69% difference [4] - Small caps have shown signs of recovery, with earnings growth slightly exceeding that of larger companies for the first time in thirteen quarters [7] - The Deep Value Select strategy returned +5.09% in the last quarter, outperforming both the S&P 1500 Value Index and the S&P 600 Value Index [12] Capital Expenditure Trends - The five largest AI hyperscalers have seen their combined capital expenditures rise from $97 billion in 2020 to approximately $400 billion in 2025, with expectations of exceeding $600 billion by 2027 [6] - Technology sector capital expenditures as a percentage of U.S. GDP are projected to surpass the peak of 1.2% seen in 2000 [6] Company-Specific Insights - Nabors Industries improved its balance sheet significantly, reducing debt leverage from over 6x to near 2x, and is well-positioned to benefit from a potential increase in global rig demand [14][17] - JELD-WEN is undergoing a multi-year transformation to improve profitability, despite facing challenges in the housing market [19] - Conduent is in the midst of a multi-year transformation, focusing on streamlining operations and reducing debt, with a significant portion of its shares repurchased [20][24] Valuation Insights - Small caps are currently trading at a forward 1-year price-to-earnings multiple that is 30% lower than large caps, indicating a potential for valuation expansion [8] - The valuation spread between large-cap growth and small-cap value is near historical extremes, suggesting that small-cap value may be poised for outperformance [12]

Core Insights - JELD-WEN Holding, Inc. has appointed Jeffrey Embt as the new chief accounting officer, effective immediately [1][2] - Embt has over 20 years of experience in accounting and financial management, previously serving as CFO for Proterra LLC and holding roles at BWX Technologies and Deloitte & Touche LLP [2] - The company emphasizes Embt's expertise in financial reporting and operational efficiency as crucial for improving its financial position and stakeholder value [2] Company Overview - JELD-WEN Holding, Inc. is a global leader in designing, manufacturing, and distributing high-performance building products, including doors and windows [3] - The company operates in 14 countries across North America and Europe, employing approximately 16,000 associates [3] - JELD-WEN's brand portfolio includes JELD-WEN worldwide, LaCantina, VPI™ in North America, and Swedoor and DANA in Europe [3]