CHARLOTTE, N.C. - Window and door giant Jeld-Wen - number 5 on the FDMC 300 - reported sales of more than $1 billion for the quarter ending March 27.
"JELD-WEN delivered a strong start to 2021, building on continued operating momentum and disciplined execution, generating significant improvement in revenue, margin, and cash flow," said CEO Gary S. Michel. "We remain optimistic on performance for the remainder of the year."
Net revenue for the quarter increased $113.2 million, or 11.6 percent, to $1.09 billion, compared to $979.2 million for the same period last year. Jeld-Wen said the increase was primarily driven by 6 percent core revenue growth and a 5 percent positive impact from foreign exchange.
Jeld-Wen employs 9,000 workers and runs 16 plants across North America. It's one of the biggest window and door manufacturers in the world.
The U.S. Court of Appeals recently affirmed an original ruling against the company, which ordered it to divest its manufacturing plant in Towanda, Pennsylvania.
Brought by fellow door maker Steves & Sons Inc., a 2018 federal lawsuit accused Jeld-Wen of reducing competition in the U.S. market for interior moulded doorskins following the company's acquisition of CMI (CraftMaster Inc.). Acquired as part of the 2012 acquisition, the Towanda plant is one of four domestic doorskin manufacturing facilities currently owned by Jeld-Wen.
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