The board of directors of Jeld-Wen Holding Inc., a manufacturer of building products, has elected Gary S. Michel to chairman of the board, effective immediately. Michel serves as president, CEO and current director of Jeld-Wen. He has served as a board member since 2018 and replaces Matthew Ross, who is stepping down. “I am honored […]

Jeld-Wen Holding Inc. announced first quarter financial results last week and reported that net revenue increased by 11.6% to $1.1 billion. Core revenue growth occurred across all three segments, but was led by North America core revenue growth of 9%. These numbers allowed the company to revise its projections for the full year: Net revenue growth is now […]

After the U.S. Court of Appeals for the Fourth Circuit denied a request by Jeld-Wen Inc. for a rehearing of an anti-trust ruling, U.S. District Judge John A. Gibney Jr. issued an order last week certifying a class of investors to proceed in a suit against the company. Investors in the company’s publicly traded stock […]

The United States Court of Appeals for the Fourth Circuit Court filed a decision last week, upholding an order for door and window manufacturer Jeld-Wen Inc. to divest of its Towanda, Pa.-based manufacturing plant. In an opinion filed Thursday, a panel of three judges upheld the original ruling, stemming from a trial-by-jury process in 2018, […]

The news was good for Jeld-Wen in the fourth quarter, and the full year for 2020, according to the company’s latest financial results announced this week. Net revenue increased by 7.7% to $1,151.3 million for the fourth quarter, driven primarily by a 5% increase in core revenue. And although net revenue decreased 1.3% for the full […]

“Consumers’ focus on their homes, coupled with our strategy to deliver profitable market share with key customers, is driving increased demand for products in both residential new construction and repair and remodel channels,” said Gary S. Michel, president and chief executive officer JELD-WEN Holding, Inc. These statements were made as the company announced its results […]

With second quarter financials released by many of the industry’s players, Masonite and Jeld-Wen were the latest to release their results this week. CEOs of both organizations addressed how COVID-19 impacted operations. At Masonite, net sales decreased 11% to $500 million in the second quarter versus $563 million in the second quarter of 2019, due […]

“I am disappointed with our revenue results in the quarter, driven by the sharp deterioration we saw in the Australasia market late in the quarter and the demand softness in North America new construction. I am confident, however, that we will demonstrate further improvement in execution through the continued deployment of JEM (JELD-WEN Excellence Model) […]