Jeld-Wen sees FY23 revenue $4.5B-$4.9B, consensus $4.67B

Sees FY23 adjusted EBITDA $360M-$400M. Christensen continued, "As we look ahead in 2023, we expect softening demand in most of our end markets. 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. 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."