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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

PGT Innovations Board of Directors Determines that Miter’s Unsolicited Proposal Would Reasonably Be Expected to Lead to a Superior Proposal

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PGT Innovations, Inc. (PGTI) announced that its Board of Directors is considering an unsolicited proposal from Miter Brands to acquire all outstanding shares of PGTI common stock for $41.50 per share in cash, which is competing with PGTI's definitive agreement to be acquired by Masonite International Corp for $41.00 per share, comprised of $33.50 in cash and 0.07353 shares of Masonite common stock. This announcement comes after PGTI engaged with 12 different potential strategic and financial counterparties, including Miter, and received a total of 15 proposals with ever-increasing deal values, which culminated in the definitive agreement with Masonite for $41.00 per share.
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PGT Innovations showcases and launches premium products at 2024 NAHB International Builders’ Show

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PGT Innovations, Inc. (NYSE: PGTI) returns to the NAHB International Builders’ Show to showcase products and innovations from several brands within its family, including Western Window Systems, Anlin Windows & Doors, Martin Door, WINDOOR, PGT Custom Windows and Doors, and iLab by PGT Innovations. The event will feature over 25 products and new launches, including the Series 7665 Pass Through Window and a Water Management Sill from Western Window Systems, Designer Black™ capstock frame options from Anlin Windows & Doors, Keystone Series Premium Garage Door from Martin Door, Sliding Glass Door Series 8100 with Narrow Interlock and the Envista Seamless Glazed Window Wall from WINDOOR, and WinGuard® Vinyl Preferred View Sliding Glass Door Series SGD5570NS from PGT Custom Windows and Doors.
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PGT Innovations, Inc. Receives Unsolicited Proposal from Miter Brands

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PGT Innovations, Inc. (NYSE: PGTI) has received an unsolicited proposal from Miter Brands to acquire all outstanding shares of PGT Innovations’ common stock for $41.50 per share in cash. This comes after PGT Innovations entered into a definitive agreement to be acquired by Masonite International Corp. (NYSE: DOOR) for $41.00 per share in cash and Masonite stock, representing a premium of approximately 56.5% over the closing price per share of PGTI common stock on October 9, 2023. PGT Innovations’ Board of Directors will carefully review Miter Brands’ proposal to determine if it is reasonably likely to lead to a superior proposal. Shareholders are advised to take no action at this time.
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Masonite Announces Transformative Acquisition of PGT Innovations, Creating a Leading Door and Window Solutions Company with Over $4 Billion In Combined Revenue

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Masonite International Corporation (NYSE: DOOR) will acquire PGT Innovations, Inc. (NYSE: PGTI) for a total transaction value of $3.0 billion. The acquisition will be a combination of cash and Masonite shares, with PGT Innovations shareholders receiving $41.00 per share, representing a 24% premium to the 30-day volume weighted average share price. The deal is expected to provide Masonite with complementary product offerings, expanded routes to market, and significant synergies, positioning the company for sustainable long-term value creation.
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PGT Innovations announces prominent feature on HGTV’s Rock the Block

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PGT Innovations, Inc. (NYSE: PGTI) products from its WINDOOR and PGT Custom Windows and Doors brands were used in every home featured on season five of the popular HGTV show Rock the Block. The show was filmed in Treasure Island, Florida, and is set to premier in March 2024. Hosted by Ty Pennington, the show features well-known HGTV renovation stars competing to renovate identical properties and maximize their value. The coastal homes on the show feature WINDOOR specialty doors and entry doors, as well as PGT windows, sliding glass doors, French doors, and patio doors.
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PGT Innovations’ CEO named to Florida Trend’s Florida 500 list

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PGT Innovations, Inc. (NYSE: PGTI) President and CEO Jeff Jackson was named to Florida Trend’s Florida 500 list, an annual section that highlights Florida’s most influential business leaders. Jackson joined PGT Innovations in 2005 and has played a key role in the company's growth, leading to $1.5 billion in total sales over the last four quarters and making it the largest manufacturer of impact-resistant windows and doors in the U.S.
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Western Window Systems Unveils New Santa Monica Design Studio With Ribbon-Cutting

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PGT Innovations (NYSE: PGTI) Unveils New Architectural Design Studio in Santa Monica, California. The 2,800-square-foot studio doubles as a showroom and innovation hub, offering an immersive experience for architects, builders, and interior designers. The space features products from Western Window Systems' classic, performance, simulated steel, and vinyl product lines, including the Series 3700 Vinyl Multi-Slide Door and Series 7600 Multi-Slide Door. The studio will soon showcase products from Anlin Windows and Doors. The ribbon-cutting ceremony was attended by over 100 guests, including industry leaders and members of the Santa Monica Chamber of Commerce.
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PGT Innovations bestowed Top 10 Executive Team Award by OnConferences

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PGT Innovations, Inc. (NYSE: PGTI) Receives Top 10 Executive Team Award from OnConferences. The national brand and innovation leader in the fenestration and garage door industries was chosen from over 225 finalists and recognized for its senior leadership excellence. The award highlights the company's impact, thought leadership, innovation, and exceptional leadership qualities.
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PGT Innovations appoints Craig Henderson as Chief Financial Officer

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PGT Innovations, Inc. (NYSE: PGTI) Announces Appointment of Craig Henderson as Senior Vice President and Chief Financial Officer
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PGT Innovations Announces New Glass Company, Customer Base, and Facility in Virginia

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PGT Innovations announces the establishment of Triple Diamond Glass, a company that will offer innovative solutions to window and door manufacturers in the areas of energy efficiency, security, and sound abatement applications. The initial products include Tri-Ultra thin triple insulated glass units (IGUs) and Diamond Glass laminated glass units. The operations will be housed in a state-of-the-art facility in Prince George, Virginia. The facility is strategically located near the I-95 corridor and has a skilled labor pool and advanced technology.
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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.

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PGTI Stock Data

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