Posts Tagged ‘ Jeld-Wen ’

Jeld-Wen Edges Toward Another Class Settlement

Jun 17th, 2021

A class of investors filed for preliminary approval after reaching a $40 million deal to settle a case with door and window manufacturer Jeld-Wen Inc. The case was originally filed in March 2020 on behalf of investors who purchased the company’s stock between January 26, 2017, and October 15, 2018, alleging their investments were devalued […]

Amid a Renewed Focus on Climate, Companies Say the Earth is Worth More Than a Day’s Celebration

Apr 22nd, 2021

More than 50 years ago today, 20 million Americans took to the streets, across college campuses and hundreds of cities, “to protest environmental ignorance and demand a new way forward,” say officials for earthday.org. The activities of that day helped to spur the passage of new environmental laws in the U.S., they say, including the […]

Jeld-Wen Reports Increases in Fourth Quarter and a Strong 2021 Outlook

Feb 18th, 2021

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 […]

Top Interests in 2020 Included News of Closings and Legal Matters

Dec 30th, 2020

Top 5 Stories of 2020 1: Thermal Windows and Doors Succumbs to Financial Effects of Coronavirus 2: Pella Slapped With $9 Million Lawsuit Claiming Fraudulent Inducement 3: Lawsuit Alleges Pella Architect Series Windows Were Defective 4: Masonite and Jeld-Wen Reach Settlement Agreements for Class-Action Suits 5: Abrupt Closure at Semco Leaves 141 Jobless As each […]

Judge Denies Jeld-Wen’s Motion to Dismiss Investors’ Complaint

Nov 2nd, 2020

This article was updated on November 4, 2020. A court denied Jeld-Wen’s motions last week to dismiss complaints filed against the company alleging that it misled investors by failing to disclose anticompetitive conduct violating federal antitrust law. In an opinion dated October 26, U.S. District Judge John A. Gibney Jr. upheld the case by declaring […]

Info Points to Jeld-Wen Expansion in Wilkesboro

Aug 6th, 2020

It looks like Jeld-Wen will soon be set to expand at its plant in North Wilkesboro, N.C., according to a notice posted on July 29, 2020, from the Town of North Wilkesboro. According to a Notice of Intent to Request Release of Funds, “On or about August 14, 2020 the above named Town of North […]

Two Major Industry Players Report Expected Drops but Remain “Pleased” with Second Quarter

Aug 5th, 2020

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 […]

Bryan Settje Named Composite Technology International (CTI) COO

Jul 13th, 2020

Sacramento, Calif.,-based Composite Technology International (CTI), has named Bryan Settje chief operating officer (COO) of the environmental engineering and manufacturing company that designs, develops and delivers millwork products for building product manufacturers, distributors, and retailers. This role will be managed from their Sacramento headquarters and Settje will now be responsible for aligning and managing CTI’s […]

FGIA Panel Discusses the Present and Future of Manufacturing Amid COVID-19

Jun 26th, 2020

Several industry experts came together during the Fenestration and Glazing Industry Alliance (FGIA) Summer Conference in a panel titled “Managing Manufacturing Operations and Customer Connections through the COVID-19 Crisis” to discuss how their company handled the shutdown and what they expect for the near future. Danny Smith, vice president and principal at Ceridian, moderated the […]

Ongoing Jeld-Wen Lawsuits Get New Orders and Motions

Jun 9th, 2020

The legal battles between Jeld-Wen Inc. (Jeld-Wen) and Steves and Sons Inc. (Steves) is heating up once again. According to court documents, there has been movement in two separate lawsuits between both parties. According to a notice of withdrawal, Steves announced that it was withdrawing a motion that had accused Jeld-Wen of continuing to impose […]

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