Strategic Review of European Business
JELD-WEN is conducting a strategic review of its European operations to enhance balance sheet flexibility and address upcoming maturities.
Liquidity Position
Maintained a strong liquidity position with approximately $100 million in cash and $400 million of revolver availability, with no debt maturities until December 2027.
Headcount Reduction
Implemented an 11% reduction in North America and corporate headcount to realign costs with market conditions.
Cost Reduction Initiatives
Transformation and cost reduction initiatives are expected to contribute approximately $150 million in savings for 2025.