CHARLOTTE, N.C. — Jeld-Wen recorded a net loss from continuing operations of $18.5 on net revenues of $986 million in the second quarter ended June 29. The window and door manufacturer, No. xx in the FDMC 300, posted a $22.5 million profit in the second quarter of 2023.

The company pointed to several drivers for the quarterly net loss including lower volume/mix, negative price/cost and increased costs to execute on Jeld-Wen's transformation journey. These factors, the company added, were partially offset by lower SG&A expense and improved productivity.

"We continue to make strides in our transformation journey, positioning JELD-WEN for improved performance," said Chief Executive Officer William J. Christensen. "In the second quarter, even as market demand weakened further, we made notable progress in streamlining our operations. I am proud of how our associates stayed focused on meeting our goals and diligently implementing the necessary foundational changes."

The company’s transformation journey includes the closing of manufacturing facilities. In April, Jeld-Wen announced plans to discontinue production in factories in Vista, Calif., and Hawkins, Wis., impacting 110 and 340 employees respectively. The Vista plant makes Auraline composite windows that Jeld-Wen said have become competitively prohibit to make due to multiple market factors. Production of wood windows at the Hawkins plant, will be consolidated with Jeld-Wen’s manufacturing facility in Rantoul, Ill.

A third plant is scheduled to close November. 1819 News reported that Jeld-Wen will shutter its patio door plant in Wedowee, Ala. The closure will affect 66 employees.

Jeld-Wen ranks No. 5 in the FDMC 300.