Jeld-Wen, now public, gains from foreign acquisitions
jeld-wen-Europe.jpg
Jeld-Wen operations in Germany.
CHARLOTTE, N.C. - Jeld-Wen Holding, Inc., which began trading on the New York Stock Exchange January 27, 2017, reported a 9.2 percent rise in revenues for the fourth quarter, with net income leaping ten-fold to $233 million for the period.
 
Sales for the year were $3.7 billion, up 8.5 percent, while net income rose exponentially to $357.5 million, a 294 percent, due to a one-time tax benefit. Jeld-Wen Holding was closely-held by equity firm ONEX until its first public offering, made at $23 per share.  Jeld-Wen is the 5th North American largest wood products firm in the latest FDMC 300 ranking. 
 
Jeld-Wen says it operates 115 manufacturing facilities in 19 countries, employing 20,000 and serving 13,000 customers. It has made 6 acquisitions in the past 18 months. 
 
Mark Beck, president and CEO, says Jeld-Wen expects an increase in net revenues of up to 3.5 percent in 2017.
1) Figures for 2016.
"Our operational initiatives drove healthy growth," says Beck." We expect this improvement to continue as we remain in the early stages of our business transformation and have solid momentum."  
 
A particular bright spot is Australia and Asia, where two recent acquisition, Trend and Breezway, increase net revenue by 54.1 percent during the fourth quarter. 
 
Regionally for 2016, Jeld-Wen reported a 6.6 percent rise in net revenue for North America, to $2.1 billion; a 1.3 percent rise in Europe, to $1 billion;  and a 38 percent rise in Australasia, to $508.9 million. 

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Bill Esler | ConfSenior Editor

Bill wrote for WoodworkingNetwork.com, FDMC and Closets & Organized Storage magazines. 

Bill's background includes more than 10 years in print manufacturing management, followed by more than 30 years in business reporting on industrial manufacturing in the forest products industries, including printing and packaging at American Printer (Features Editor) and Graphic Arts Monthly (Editor in Chief) magazines; and in secondary wood manufacturing for WoodworkingNetwork.com.

Bill was deeply involved with the launches of the Woodworking Network Leadership Forum, and the 40 Under 40 Awards programs. He currently reports on technology and business trends and develops conference programs.

In addition to his work as a journalist, Bill supports efforts to expand and improve educational opportunities in the manufacturing sectors, including 10 years on the Print & Graphics Scholarship Foundation; six years with the U.S. WoodLinks; and currently on the Woodwork Career Alliance Education Committee. He is also supports the Greater West Town Training Partnership Woodworking Program, which has trained more than 950 adults for industrial wood manufacturing careers. 

Bill volunteers for Foinse Research Station, a biological field station staddling the border of Ireland and Northern Ireland, one of more than 200 members of the Organization of Biological Field Stations.