Andersen tops $50m in year-end profit sharing
Andersen Corporation recently shared that it will distribute $50.8 million in profit sharing to eligible employees.
In recognition of employee contributions to Andersen's 2024 business performance, the company paid $50.8 million – up to $3,923 per eligible employee – as part of the company's annual profit sharing program.
"Amid ongoing challenges in the housing market, Andersen continued to grow in 2024. This accomplishment highlights the unwavering dedication, adaptability and resilience of our employees," said Chris Galvin, president and CEO of Andersen. "We take immense pride in recognizing our employees for embodying our core values and consistently surpassing customer expectations. Our people are the cornerstone of our success, and this profit sharing is a testament to their hard work and unwavering commitment."
Additionally, Andersen and its corporate foundation donated more than $5.3 million to nonprofits working to improve lives and strengthen communities. These contributions directly support organizations focused on housing, trades education, hunger and health care in the communities where Andersen employees live and work.
As part of this $5.3 million, Andersen participated in the 2024 Habitat for Humanity Jimmy and Rosalynn Carter Work Project as a Diamond Sponsor.
Andersen donated $1 million to Habitat for Humanity for the Carter Work Project, through a combination of in-kind window donations, including more than 600 Andersen(R) 100 Series windows, and financial contributions. Additionally, over 150 Andersen employees volunteered their time and skills during the project, with more than 30 team members installing Andersen windows on-site during the final day of the week-long event.
Andersen has prioritized advancing affordable housing for nearly three decades, donating more than $9 million in funding and products to the Habitat network.
"At Andersen, we believe in the power of giving back to the communities where we live and work," said Eliza Chlebeck, vice president of communications and community and vice president of the Andersen Corporate Foundation. "Our donations support a wide range of initiatives, from housing and education to hunger and health care. We are especially proud to support organizations like Habitat for Humanity, contributing to projects like the Carter Work Project, which helps to build brighter futures for families in need. Together, we are fortunate to have the privilege of making a tangible difference in people's lives and strengthening our communities."
Beyond traditional grantmaking, Andersen supports the nonprofits and causes that matter most to its employees with programs that encourage and recognize the sharing of time and talent as another way to give back. Through its "Dollars for Doers" and "Group Volunteer Grants" volunteer matching grant programs, Andersen provides grants in recognition of employee volunteer time, with employees tracking more than 20,000 hours towards these programs in 2024.
Other examples of local initiatives that demonstrate Andersen's commitment to making a difference include:
- Andersen's Garland, Texas, facility was presented with the 2024 Partnership Award by the Habitat for Humanity of Greater Garland for their work in the community to help support affordable housing.
- In Des Moines, Iowa, employees of Andersen's storm door facility, participated in an eight-home building blitz with Greater Des Moines Habitat for Humanity for which Andersen provided a combination of in-kind donations and discounts for the project.
