CHARLOTTE, N.C. -- Jeld-Wen Holding Inc., ranked No. 4 in the FDMC 300, reported a net loss from continuing operations of $22.6 million for the fourth quarter ended Dec. 31, 2023. Net revenues totaled $1.021 billion in Q4, representing a 13.4% decrease compared to the same period in 2022.

For all of 2023, Jeld-Wen posted net income from continuing operations of $25.2 million on $4.304 billion in net revenues. The company’s net income was more than double the $12.2 million it reported for all of 2022. 

"In the fourth quarter of 2023, our team continued to execute actions to strengthen the foundation of our business," said CEO William Christensen. "We increased profitability and generated strong cash flows, despite challenging macroeconomic conditions. We continue our disciplined approach to delivering improved financial results and are investing in the future to unlock significant value for Jeld-Wen shareholders. In 2024, we anticipate that uncertainty in the markets will remain. However, we expect to mitigate the impact from potential weaker demand with benefits from our ongoing activities to reduce operating costs."

Jeld-Wen also issued its 2024 full-year guidance in which it projects net revenues of $4.0 billion to $4.3 billion.

Jeld-Wen is a global designer, manufacturer and distributor of interior and exterior doors, windows, and related building products serving the new construction and repair and remodeling sectors. Based in Charlotte, N.C., the company operates facilities in 15 countries primarily in North America and Europe and employs approximately 18,000 associates.