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Stock impact report

JELD-WEN Reacts to Latest District Court Ruling in Ongoing Dispute

JELD-WEN Holding, Inc. (JELD) 
Last jeld-wen holding, inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.jeld-wen.com
Company Research Source: Business Wire
Steves & Sons continues to pursue unfair market advantage CHARLOTTE, N.C.--(BUSINESS WIRE)--Today, the U.S. District Court for the Eastern District of Virginia granted a motion by Steves and Sons, Inc. seeking a preliminary injunction against JELD-WEN Holding, Inc. (NYSE: JELD). The injunction order will not take effect until further briefing before the Court. JELD-WEN is disappointed in the Court’s ruling and intends to seek an immediate appeal and stay once the injunction becomes effective. A trial on this matter is expected this summer.The Court’s order relates to the provisions of the supply agreement between JELD-WEN and Steves that govern situations when demand for molded doorskins in North America exceeds JELD-WEN’s capacity to supply its customers. Late last year, there was a significant increase in demand in the doorskins market, and Steves suddenly and significantly increased its doorskin orders from JELD-WEN beyond what it had previously ordered. JELD-WEN then announced Show less Read more
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