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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.
PGT Innovations (NYSE: PGTI) has announced a share repurchase program authorized to buy back up to $250 million of its common stock until February 3, 2026. This decision reflects the company's confidence in its long-term prospects, despite current economic uncertainties influenced by the Fed. CEO Jeff Jackson emphasized that the company's stock price does not reflect its intrinsic value and that the strong balance sheet allows for innovation investment while returning capital to shareholders. Share repurchases will depend on various market conditions and corporate requirements.
PGT Innovations (NYSE: PGTI) announces the launch of the Series 300 Minimalist Multi-Slide Door at the International Builders’ Show in Las Vegas. This new product features a sleek design with narrow interlock stiles, designed to enhance indoor-outdoor living experiences. Manufactured in Phoenix, Arizona, it aims to meet market demand for European-style aesthetics without the costs and delays of overseas imports. The door boasts panels up to 12 feet tall, premium hardware, and energy-efficient glass. The launch reflects PGT Innovations' commitment to responding to the needs of homeowners and industry partners.
PGT Innovations (NYSE: PGTI) will participate in the International Builders’ Show (IBS) from January 31 to February 2 in Las Vegas, showcasing products from its brands like Western Window Systems, Anlin Windows & Doors, and Martin Door. New product launches include the Series 300 Minimalist Multi-Slide Door and the WinGuard® Aluminum Sliding Glass Door, alongside innovative glass technologies in collaboration with Corning. CEO Jeff Jackson emphasizes the opportunity to connect with customers and industry partners. The event serves as the largest home building show in North America, bringing together professionals and trends in the industry.
PGT Innovations (NYSE: PGTI) has announced a strategic partnership with Corning Incorporated to develop next-generation glass technology. This collaboration aims to enhance the North American fenestration industry, focusing on high-quality, energy-efficient products. Key innovations include the Thin Triple Insulated Glass Unit (Thin Triple IGU) and Diamond Glass, which are designed to meet the latest energy standards and improve user comfort. The new glass technologies promise to significantly impact home hardening and energy savings. PGT Innovations will showcase these advancements at the 2023 NAHB International Builders’ Show in Las Vegas from January 31 to February 2.
PGT Innovations (NYSE: PGTI) announced that CEO Jeff Jackson has been elected chair of the Sarasota Manatee Airport Authority board. Appointed in 2020 by Governor Ron DeSantis, Jackson expressed pride in serving the community and emphasized the airport's growth and importance. The Airport Authority manages Sarasota Bradenton International Airport, focusing on improving facilities and passenger experiences. PGT Innovations is a leader in manufacturing premium windows, doors, and garage doors, specializing in weather-resistant products.
PGT Innovations (NYSE: PGTI) recently donated over
PGT Innovations reported robust financial results for Q3 2022, with net sales reaching $386 million, a 28% increase year-over-year, driven by organic growth of 17%. Net income surged to $30 million, compared to a $5 million loss in the prior year, while adjusted net income climbed 111% to $33 million. Cash reserves improved by 128% to $219 million. Despite challenges from Hurricane Ian and rising economic pressures, updated guidance forecasts net sales between $1.460 billion and $1.490 billion for FY 2022.
PGT Innovations (PGTI) has acquired Martin Door Holdings for approximately
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