3Q sales, earnings up for Jeld-Wen

Jeld-Wen reported third quarter 2017 net revenues increased 6.3% to $991.4 million, compared to $932.5 million for the same period last year.

The Charlotte, N.C.-based window and door manufacturer said the increase was driven by growth in core revenues of 2%, the favorable impact of foreign exchange of 2%, and 3% from the contribution of recent acquisitions.

Jeld-Wen said it defines core revenues to exclude the revenue impact of foreign exchange and acquisitions completed in the last 12 months. The company’s net revenues increased $19.7 million, or 3.6%, to $572.0 million in North America while increasing 7.4%, to $265.1 million in Europe and 15.7% to $154.3 million in “Austrasia,” the company reported.

Jeld-Wen also reported a third quarter net income of $51.3 million, up 11.3% from a third quarter net income of $46.1 million in the third quarter 2016.

“Looking forward into 2018, we expect that our revenue growth will be supported by constructive end market demand and our recent acquisitions," Mark Beck, Jeld-Wen president and CEO said in prepared statement.

Jeld-Wen operates 120 manufacturing facilities in 19 countries with a focus on interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling.