CHARLOTTE, N.C. — Jeld-Wen reported a third quarter net loss of $73 million from continuing operations on revenues of $934.7 million.

In comparison, the window and door manufacturer, reported net income from continuing operations of $16.9 million for the same quarter one year ago on sales of $1,077.0 million. Jeld-Wen said it experienced a 13% decline in core revenue during the third quarter as a result of a lower volume/mix due to weak macro-economic conditions and a continued demand shift to entry level products.

"We continue to make progress on our transformation journey, expecting $115 million of adjusted EBITDA in 2024 from our efforts, which positions Jeld-Wen for future success," said CEO William Christensen. "Market conditions continue to deteriorate which have significantly impacted volume/mix in the near-term. In response, we continue to work diligently to align our costs with the softer market conditions while also preparing for future growth. I am proud of our associates for their dedication in implementing the necessary changes in this challenging environment."

Jeld-Wen ranks No. 5 in the most recently published FMDC 300.