Marvin Windows profit-sharing was reduced in 2008
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The housing slump is being blamed for fewer profits this year for Warroad-based Marvin Windows and Doors.
At the company's annual profit-sharing meeting on Saturday, the company announced that about $6.4 million will be distributed among its nearly 3,400 employees. That means checks will average just under $1,900.
The profit-sharing number last year was about double at $13.1 million.
The profits are distributed to workers at Marvin Windows and Doors facilities in Warroad, Grafton, N.D., and Baker, Ore.
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Marvin officials say the company faces "unprecedented challenges in the marketplace" but will do its best in 2009 to position itself for future success.
Marvin is a privately held maker of made-to-order wood and clad wood windows and doors.
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Information from: Grand Forks Herald, http://www.grandforksherald.com
