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PGT Innovations, Inc. - PGTI STOCK NEWS

Welcome to our dedicated page for PGT Innovations news (Ticker: PGTI), a resource for investors and traders seeking the latest updates and insights on PGT Innovations stock.

PGT Innovations, Inc. (PGTI) is a leading manufacturer and supplier of premium windows and doors, renowned for its innovative and durable products. Headquartered in Florida, the company integrates some of the most advanced engineering technologies to produce high-performance windows and doors that can endure extreme weather conditions. With over 35 years of experience, PGT Innovations has built a reputation for quality and reliability, catering to residential and commercial markets.

The company unites several reputable brands under its umbrella, including PGT® Custom Windows + Doors, CGI®, and WinDoor®. These brands are known for their commitment to innovation, beauty, and strength, making PGT Innovations a market leader. Each brand specializes in crafting products that not only meet but exceed industry standards, enhancing the security and aesthetics of homes and businesses.

PGT Innovations continuously invests in research and development to stay ahead in the industry. Recently, the company has expanded its product lines and introduced new technologies that enhance energy efficiency and sustainability. The strategic focus includes expanding market presence through organic growth and strategic partnerships.

Financially, PGT Innovations maintains a robust profile, supported by steady revenue streams and prudent fiscal management. The company’s dedication to quality and customer satisfaction has fostered long-term relationships with clients and created a strong market position.

PGT Innovations is not only a business but a community-focused entity, contributing to various social and environmental causes. For more details or to explore career opportunities, visit their official website at www.pgtinnovations.com.

News

PGTI Reports Fourth Quarter and Record Fiscal Year 2023 Results

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PGT Innovations, Inc. (PGTI) reported its financial results for the fourth quarter and fiscal year 2023. In Q4, net sales were $343 million, a slight increase, while net income decreased by 38% to $5 million. For the full year, net sales reached $1.50 billion, a 1% increase, with net income at $110 million, down 12%. Adjusted EBITDA for the year was $268 million, up 6%. The company highlighted operational execution and strong cost discipline as key drivers for the record financial results in 2023.
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Western Window Systems unveils new products at 2024 NAHB International Builders’ Show

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Western Window Systems, a part of PGT Innovations, introduces two new products at the NAHB International Builders' Show, enhancing indoor-outdoor living experiences. The Series 7665 Pass-Through Window and Water Management Sill focus on performance, energy efficiency, and seamless transitions.
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PGT Innovations to Hold Special Stockholder Meeting on Proposed Acquisition by MITER Brands

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PGT Innovations, Inc. (PGTI) schedules special stockholder meeting for proposed acquisition by MIWD Holding Company LLC. Meeting set for March 18, 2024, for stockholders of record as of February 7, 2024.
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WINDOOR reveals first look of new brand at the International Builders’ Show along with announcement of celebrity ambassador partnership

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PGT Innovations' brand WINDOOR unveils new brand identity and logo at NAHB International Builders’ Show, emphasizing luxury coastal living innovations and exclusive products like the Envista window wall system and Diamond Glass technology. The brand refresh includes a new tagline, brand ambassador, and brand pillars, showcasing a commitment to custom, high-quality products for coastal environments.
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Martin Door Showcases New Product at 2024 NAHB International Builders’ Show

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Martin Door, part of PGT Innovations, Inc., is launching the Keystone Garage Door at the NAHB International Builders’ Show. The high-quality garage door offers customization, dent-resistance, and new back stile technology. The company also displays the Athena Garage Door, showcasing its presence in multiple new construction channels for builders and architects.
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PGT Innovations Named on Forbes’ America's Most Successful Small-Cap Companies List

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PGT Innovations, Inc. (NYSE: PGTI) has been named on Forbes' 2024 America’s Most Successful Small-Cap Companies list, ranking among 13 other organizations in the construction category. The company has experienced significant growth with a compound annual growth rate (CAGR) of 24 percent in sales and 26 percent in profit over the past 10 years. PGT Innovations has also demonstrated consistent, significant growth in recent years, with CAGRs of 23.93 percent in net sales and 27.09 percent in net income from 2012 to 2022. The company has made several milestone announcements, including collaborations and new product launches.
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Masonite Confirms Termination of Agreement to Acquire PGT Innovations

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Masonite International Corporation terminates merger agreement with PGT Innovations, Inc. after decision not to submit a revised offer, receives $84 million termination fee. The company remains committed to financial discipline and strategic investments, focusing on 'Doors That Do More™' growth initiatives and 2027 financial goals.
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MITER Brands to Acquire PGT Innovations for $42.00 Per Share in Cash

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MITER Brands has proposed to acquire all outstanding shares of PGT Innovations Inc. at a price of $42.00 per share in cash, representing a premium of 60% over PGTI’s unaffected closing share price. The transaction will be financed in part by an equity investment from Koch Equity Development LLC, and is expected to close by mid-year 2024. PGTI has terminated its merger agreement with Masonite International Corp. and the acquisition is subject to PGTI shareholder approval, regulatory approval, and customary closing conditions.
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PGT Innovations Bestowed Two Awards in 2023 Window + Door Awards

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PGT Innovations, Inc. (NYSE: PGTI) was recently awarded in two categories at the annual Window + Door Awards by Window + Door Magazine. The company received the Most Innovative Window award for its Envista Window Wall and Bay Window by WINDOOR, as well as the Best Dealer Support/Marketing Program award for its PGTI University. The awards recognize PGT Innovations' commitment to innovation and customer support in the fenestration industry.
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Masonite Reiterates the Compelling Value of its Agreement to Acquire PGT Innovations

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Masonite International Corporation (NYSE: DOOR) reaffirms commitment to merge with PGT Innovations, Inc. (NYSE: PGTI), offering compelling financial and strategic benefits, including $33.50 in cash for PGTI shareholders, increased revenue growth rate, and $100 million in synergies.
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FAQ

What is the market cap of PGT Innovations (PGTI)?

The market cap of PGT Innovations (PGTI) is approximately 2.4B.

What does PGT Innovations, Inc. do?

PGT Innovations manufactures and supplies high-quality windows and doors known for their durability and advanced engineering.

Which brands are under PGT Innovations?

PGT Innovations includes brands like PGT® Custom Windows + Doors, CGI®, and WinDoor®.

How long has PGT Innovations been in business?

PGT Innovations has been operating for over 35 years.

Where is PGT Innovations headquartered?

PGT Innovations is headquartered in Florida.

What makes PGT Innovations products special?

Their products are known for innovation, strength, and beauty, designed to withstand extreme weather conditions.

Does PGT Innovations focus on sustainability?

Yes, they invest in technologies that enhance energy efficiency and sustainability.

What recent achievements has PGT Innovations made?

PGT Innovations has expanded its product lines and introduced new energy-efficient technologies.

How does PGT Innovations contribute to the community?

PGT Innovations engages in various social and environmental initiatives.

How can I learn more or join the PGT Innovations team?

Visit their official website at www.pgtinnovations.com for more information or career opportunities.

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PGT Innovations, Inc.

NYSE:PGTI

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PGTI Stock Data

2.40B
51.35M
10.32%
85.38%
3.68%
Building Products & Equipment
Industrials
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United States
North Venice