Pricing Impacts JELD-WEN Earnings

JELD-WEN Holding, Inc. had net revenue of $1,092.4 million for the first quarter of 2021, an increase of 11.6 per cent compared to revenue of $979.2 million for the first quarter of 2020. Adjusted earnings increased 31.4 per cent year over year to $97.9 million while adjusted earnings margins expanded 140 basis points or nine per cent. The improvement was based on favourable price, volume/mix, and productivity in each of the company’s geographic segments. Net income was $25.5 million compared to a net loss of $200,000 million in the same quarter last year, an increase of $25.7 million. The increase in net income was primarily due to higher gross profit from improved price realization.