JELD-WEN cites increased operational costs for $500,000 Q1 loss
JELD-WEN Charlotte headquarters

CHARLOTTE, N.C. – JELD-WEN Holding Inc. reported a $500,000 net loss for the first quarter on net revenue of $1.171 billion.

The company said it realized 12% pricing to mitigate raw material and freight inflation. In addition, it pointed to “labor inflation” as another factor cutting into its gross profitability. The company also noted that its net revenue increased 7.2% for the first quarter driven by 10% core revenue growth when compared to Q! 2021.

“I am proud of our dedicated associates who delivered another solid quarter of core revenue growth across each of our segments,” said Gary Michel, chair and CEO. “Our improved execution and customer-centric solutions enabled us to capitalize on solid customer demand. Despite our strong core revenue growth, material increases in raw material, freight, and labor inflation had a significant impact on our earnings. As we head into the second quarter, we remain laser-focused on driving above-market growth through the introduction of innovative and margin accretive new products and services and additional strategic margin expansion opportunities Given our strong order books, end-market demand, and initiatives in progress to drive profitable growth, we remain confident in our ability to deliver our 2022 and long-term financial commitments.”


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Rich Christianson | President/Owner/C-Level

Rich Christianson is the owner of Richson Media LLC, a Chicago-based communications firm focused on the industrial woodworking sector. Rich is the former long-time editorial director and associate publisher of Woodworking Network. During his nearly 35-year career, Rich has toured more than 250 woodworking operations throughout North America, Europe and Asia and has written extensively on woodworking technology, design and supply trends. He has also directed and promoted dozens of woodworking trade shows, conferences and seminars including the Cabinets & Closets Conference & Expo and the Woodworking Machinery & Supply Conference & Expo, Canada’s largest woodworking show.