JELD-WEN’s Revenue Increases 7.5% in 2022

JELD-WEN's revenue in its North America segment increased 15.2% in 2022.
On June 21, Charlotte, North Carolina-based global manufacturer of building products JELD-WEN announced that Julie C. Albrecht will join as executive vice president and chief financial officer, effective July 18.

On Feb. 21, building products manufacturer JELD-WEN reported its 2022 fourth-quarter and full-year financial results, showing solid revenue growth in its North America segment compared to 2021.

The Charlotte, North Carolina-based company had 4Q net revenue of $1.33 billion, up 3.5% year-over-year. The increase was driven by 9% core revenue growth, partially offset by a 5% adverse foreign exchange impact, according to a news release. JELD-WEN’s 4Q revenue was a slight increase from its 3Q revenue of $1.3 billion.

For the full year, JELD-WEN achieved net revenue of $5.13 billion, a 7.5% increase compared to 2021. Core revenue growth of 12% drove the increase and was partially offset by a 5% adverse foreign exchange impact. By segment in 2022, JELD-WEN’s net revenue increased 15.2% in North America, decreased 5% in Europe and decreased 0.8% in Australasia.

“Our team continued to take decisive actions in the fourth quarter to improve execution and address our cost structure, while staying focused on safety and quality in all that we do,” JELD-WEN CEO William Christensen said in the release. “I want to thank our global associates for their commitment to serving customers in 2022 amidst significant change and a challenging macroeconomic backdrop.”

Christensen said that JELD-WEN expects softening demand in most of its end markets in 2023.

“We are taking a two-pronged approach to streamline and strengthen JELD-WEN to improve short-term financial performance while positioning the company for longer-term success,” he said. “We are focused on expanding our margins and increasing our cash flow generation by reducing our cost structure through operational efficiencies and rationalizing our global footprint. At the same time, we have formalized workstreams to deliver long-term profitable growth by optimizing our production network and investing in products and services to better serve customers.”

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo