Overall, 2023 was a positive year for the FDMC 300, a ranking of the largest wood products manufacturers in North America. Although some companies experienced declines in sales compared to the year prior, a majority saw sales stay steady or increase. As a group, sales for the FDMC 300 — which includes manufacturers of furniture, cabinetry, architectural millwork, flooring, windows/doors, retail fixtures, closets/home organization, and other wood-related products — grew 2% over the previous year, reaching a new high of $75.5 billion.

SEE WHICH COMPANIES MADE THE LIST FDMC 300: 2024 Report View information on all 300 companies listed in the this year's FDMC 300. The 2024 FDMC 300 is sponsored by IMA Schelling Group.

At 45.6%, furniture manufacturers comprised the largest dollar segment in this year’s group. However, unlike last year, sales by contract furniture manufacturers outpaced residential, accounting for 23.9% and 21.7% respectively. This could be due in part to offices and other institutions refurbishing their environments in an attempt to draw employees back on-site after COVID-related remote work programs.  

Meanwhile, sales by manufacturers of cabinetry and closets products comprised 20.9% of the overall total, a percentage similar to last year’s FDMC 300.

With the inclusion of AHF Products, the fenestration and flooring segment took the biggest leap, accounting for 27.2% of the FDMC 300’s sales. The retail fixtures and architectural woodwork/millwork segments remained relatively unchanged, accounting for 2.2% and 1.9% of the overall total. The specialty products segment, which includes musical instruments, was also at 2.2%.

Labor recruitment and retention, along with the economy, were among the top concerns in 2023 and will continue to be in 2024, especially with this being a presidential election year. That said, many FDMC 300 respondents have already announced plans to expand or are otherwise projecting growth in 2024. An in-depth look at some of the market segments will be included in upcoming issues of FDMC magazine. 

FDMC 300 Top 25 companies
Below is a list of the Top 25 companies in this year's FDMC 300, along with a link to #26-#300. The ranking is based on 2023 sales information. Due to the fact many companies are privately owned, the number provided is considered an estimate unless otherwise designated by FY-IR (Fiscal Year-Investor Relations report). In some cases, the information may be based on our own research or from recognized sources, and also is considered an estimate. 

1. Ashley Furniture Industries Inc.
   Main Location: Arcadia, WI
   Annual Sales: $6.85 billion (excludes retail)
2. MillerKnoll (formerly Herman Miller and Knoll)
   Main Location: Zeeland, MI
   Annual Sales: $3.95 billion (FY-IR)
3. Andersen Corp.
   Main Location: Bayport, MN
   Annual Sales: $3.4 billion
4. Steelcase Inc.
   Main Location: Grand Rapids, MI
   Annual Sales: $3.2 billion (FY-IR)
5. Jeld-Wen Inc. (North America)
   Main Location: Charlotte, NC
   Annual Sales: $3.123 billion  (FY-IR)(North America)
6. Masonite International Corp.
   Main Location: Tampa, FL
   Annual Sales: $2.8 billion (FY-IR)
7. MasterBrand Inc.
   Main Location: Jasper, IN
   Annual Sales: $2.7 billion (FY-IR)
8. Haworth Inc.
   Main Location: Holland, MI
   Annual Sales: $2.57 billion
9. Woodgrain
   Main Location: Fruitland, ID
   Annual Sales: $2.5 billion
10. HNI Corp. (includes Kimball)
    Main Location: HNI: Muscatine, IA. Kimball: Jasper, IN
    Annual Sales: $2.434 billion (FY-IR)
11. Pella Corp.
    Main Location: Pella, IA
    Annual Sales: $2.1 billion
12. American Woodmark Corp.
    Main Location: Winchester, VA
    Annual Sales: $2.066 billion (FY-IR)
13. Cabinetworks Group
    Main Location: Livonia, MI
    Annual Sales: $2 billion
14. La-Z-Boy Inc.
    Main Location: Monroe, MI
    Annual Sales: $1.69 billion (excludes retail) (FY-IR)
15. Marvin
    Main Location: Warroad, MN
    Annual Sales: $1.6 billion
16. Metrie Inc.
    Main Location: Vancouver, BC
    Annual Sales: $1-plus billion
17. Global Furniture Group
    Main Location: Downsview, ON
    Annual Sales: $1 billion
18. Gibson Brands/Gibson Guitar
    Main Location: Nashville, TN
    Annual Sales: $990 million
19. AHF Products
    Main Location: Mountville, PA
    Annual Sales: $825 million to $900 million
20. Steves & Sons, Inc.
    Main Location: San Antonio, TX
    Annual Sales: $675 million
21. Quanex North American Fenestration
    Main Location: Akron, OH
    Annual Sales: $667.5 million (North America fenestration) (FY-IR)
22. KI
    Main Location: Green Bay, WI 
    Annual Sales: $650 million
23. Teknion Corp.
    Main Location: Toronto, ON
    Annual Sales: $646.8 million
24. Sauder Woodworking
    Main Location: Archbold, OH
    Annual Sales: $600 million
25. Hooker Furnishings Group
    Main Location: Martinsville, VA
    Annual Sales: $583.1 million (FY-IR)

See more details along with the #26-300 ranked companies

FDMC 300: 2024 PDF   Download a PDF of the FDMC 300 report. The 2024 FDMC 300 is sponsored by IMA Schelling Group.       You can also view the articles in the April FDMC digital edition.

About the FDMC 300
The FDMC 300 is the woodworking industry’s oldest recognized ranking of the largest North American manufacturers of wood and panel products. This year marks the 38th annual report.

Companies are ranked based on sales figures. A majority of companies in the FDMC 300 are privately owned, and sales numbers should be considered as estimates unless otherwise designated by FY (fiscal year - investor relations report). Information is provided by the companies or, in some cases, may be based on our research or from recognized sources. 

The 2024 FDMC 300 includes more than a dozen new companies to the rankings; mergers, closures and other factors resulted in the removal of other firms. Click here to view the list of this year’s FDMC 300.  Additional information, including recap articles on some of the segments, will be included in subsequent issues of FDMC and posted online at WoodworkingNetwork.com/FDMC-300. For questions or inclusion in the FDMC 300, contact Karen Koenig at [email protected].