JELD-WEN revenues decline

JELD-WEN Holding, Inc. had net revenues from continuing operations of $1.02 billion for the fourth quarter of 2023, a decrease of 13.4 percent compared to net revenues of $1.18 billion in the fourth quarter of 2022. Net revenues for the North America segment decreased 13.3 percent to $747.6 million. Overall adjusted EBITDA from continuing operations increased $8.5 million to $86.5 million in the quarter, compared to $78 million in the year-ago period. Adjusted EBITDA margin from continuing operations increased 190 basis points to 8.5 percent, as productivity improvements and positive price/cost were partially offset by lower volume/mix. The company had a net loss of $22.6 million compared to a net income of $25.9 million in the prior-year period.