Jeld-Wen reports that net revenues for the three months that ended September 30, 2017 increased $58.9 million, or 6.3 percent, to $991.4 million, compared to $932.5 million for the same period last year.

“We are pleased to deliver core revenue growth in all three reporting segments and we are encouraged with the overall demand environment in our markets,” said Mark Beck, Jeld-Wen’s president and CEO. “Additionally, we delivered another consecutive quarter of earnings growth and margin expansion, while overcoming the impact of operational headwinds in specific product lines. We are enthusiastic about our recent acquisitions, which align to our strategy and are financially accretive.”

The revenue increase was driven by growth in core revenues of 2 percent, the favorable impact of foreign exchange of 2 percent, and 3 percent from the contribution of recent acquisitions. The company defines core revenues to exclude the revenue impact of foreign exchange and acquisitions completed in the last 12months. Core revenues increased in all three geographic reporting segments. Gross margin increased $22.5 million, or 11 percent, to $228.2 million, compared to $205.7 million for the same period last year. Net income increased $5.2 million, or 11.3 percent, to $51.3 million, compared to $46.1 million in the same quarter last year.

Adjusted earnings per share for the third quarter was 55 cents.

In North America, net revenues increased $19.7 million, or 3.6 percent, to $572 million, due to an increase in core revenues of 2 percent and a 2 percent contribution from recent acquisitions. The core revenue growth was primarily due to favorable pricing.

In Europe, net revenues increased $18.2 million, or 7.4 percent, to $265.1 million, primarily due to a 4-percent favorable impact from foreign exchange, 2 percent from the contribution of recent acquisitions, and 1 percent from core growth.

In Australasia, net revenues increased $21 million, or 15.7 percent, to $154.3 million, primarily due to the contribution from recent acquisitions of 8 percent, core growth of 4 percent and 4 percent from the favorable impact of foreign exchange..

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