PGT Innovations, Inc. - PGTI STOCK NEWS

PGT Innovations, Inc. (NYSE:PGTI) will announce its first quarter 2023 financial results on May 11, 2023, at approximately 7:30 a.m. ET. Following this, a conference call will take place at 10:30 a.m. ET, hosted by CEO Jeff Jackson and CFO Craig Henderson. Investors can dial in early or join online for the discussion. The call will cover financial outcomes alongside other business updates. A replay of the call will be accessible post-event until May 18, 2023. This meeting reflects PGT Innovations' ongoing commitment to transparency and investor communication. For further details, visit PGT's Investor Relations website.

PGT Custom Windows + Doors, a subsidiary of PGT Innovations (NYSE: PGTI), has launched the new WinGuard® Preferred View Sliding Glass Door (Series SGD770NS). This sliding door features a unique 2.5-inch interlock for improved visibility and natural light without sacrificing impact resistance. It incorporates a dual-point locking mechanism for enhanced security and offers customizable frame colors and glass options. PGT Innovations, a leader in impact-resistant windows and doors, boasts over 40 years of experience with over 7 million units installed and zero reported failures, reinforcing its commitment to safety and innovation.

PGT Innovations, Inc. (NYSE: PGTI) has implemented a limited-duration shareholder rights plan to safeguard shareholder interests amid a potential accumulation of shares by a strategic investor. This plan aims to prevent any entity from gaining control without compensating all shareholders fairly. The rights become exercisable if someone acquires 10% or more of the outstanding shares, allowing existing shareholders to purchase additional shares at a favorable rate. The plan is effective immediately and will last for one year, expiring on March 30, 2024. Further details will be provided in a forthcoming Form 8-K filing.

PGT Innovations (NYSE: PGTI), a leader in manufacturing premium windows and doors, has been recognized on Forbes' 2023 list of Best Small Companies for the third consecutive year, improving its rank from No. 79 to No. 47. This recognition highlights the company's strong sales growth and its innovative products that unify indoor and outdoor living spaces. To qualify for the list, companies needed a market value between $300 million and $2 billion and positive sales growth. PGT Innovations operates 10 manufacturing facilities and employs approximately 5,500 people across the U.S..

PGT Innovations (NYSE: PGTI) announces executive promotions to bolster its growth strategy, effective February 27, 2023. The company, now with approximately 5,500 employees, aims to streamline resources and enhance operational control. Key appointments include Mike Wothe as EVP of Operations, Debbie LaPinska as Chief Customer Officer, and Rachel Evans as SVP of Human Resources, among others. PGTI’s expansion strategy includes acquisitions, having recently added brands such as Western Window Systems and Eco Window Systems, positioning itself as a leader in impact-resistant windows and doors across North America and the Caribbean.

PGT Innovations, Inc. (PGTI) announced its financial results for Q4 and fiscal year 2022, showing a 12% increase in net sales to $341 million, alongside a decrease in net income by 54% to $8 million. Adjusted EBITDA remained stable at $48 million. For the fiscal year, net sales reached $1.49 billion, up 28%, with net income up 180% to $98 million. The company expects Q1 2023 net sales between $370 million and $390 million and adjusted EBITDA of $60 million to $64 million. Despite challenges from Hurricane Ian and a ransomware attack impacting Q4 results, the company remains optimistic about future growth.

PGT Innovations (NYSE:PGTI) will announce its fourth quarter and fiscal year 2022 financial results on February 22, 2023, during a conference call at 10:30 a.m. ET. This call will feature executives including President & CEO Jeff Jackson and CFO John Kunz. The press release with results will be available pre-market at 7:30 a.m. ET on the same day. Interested parties can join the call by dialing 833-316-0547 (U.S. toll-free) or 412-317-5728 (International). Replay options will be available after the call. For more details, visit the PGT Innovations investor page.