Jeld-Wen narrow FY23 revenue view to $4.25B-$4.35B from $4.2B-$4.4B

Raises FY23 adjusted EBITDA view to $365M-$375M from $350M-$370M. Consensus is for FY23 revenue $4.35B. CEO William J. Christensen, said, “In the Q4, we anticipate that the current uncertain operating environment will continue but expect to mitigate the impact from weaker demand with benefits from our ongoing cost reductions. As our Q3 results were above our expectations, we are raising the midpoint of our 2023 Adjusted EBITDA guidance.”