PGT Innovations, Inc. - PGTI STOCK NEWS

PGT Innovations (NYSE: PGTI) is assisting employees and dealers affected by Hurricane Ian, emphasizing community support and recovery efforts. The company's facilities in Florida were undamaged, with production resuming in stages. Relief actions include rescuing stranded individuals and distributing essential supplies. CEO Jeff Jackson highlighted the company's commitment to its team and community during this crisis. PGT Innovations is the largest manufacturer of impact-resistant windows and doors, positioning itself as a key player in recovery efforts in the region.

PGT Innovations (NYSE: PGTI) has invested nearly $1.2 million in educational initiatives over the last four years, supporting its team members' educational pursuits through a tuition reimbursement and Inspire the Future scholarship program. The tuition reimbursement program, active since 2018, reimburses eligible team members up to 100% of education costs based on performance. So far, 83 employees have benefited. The Inspire the Future program has allocated $382,500 in scholarships, awarding 205 scholarships since its inception.

PGT Innovations (NYSE: PGTI) launched a new website for its brand, Western Window Systems, enhancing user experience with better navigation and rich content. The site includes sections for technical and product information, CAD details, installation instructions, and industry insights tailored for building professionals. A dealer locator and an inspiration section provide architects and builders with resources and project galleries. The website aims to support customer needs effectively and embodies the Western Window Systems brand.

PGT Innovations (NYSE: PGTI) celebrated the grand opening of its NewSouth Window Solutions showroom in Atlanta, showcasing a 4,500-square-foot space with various window and door products. The event included a donation exceeding $180,000 in products to Gwinnett/Walton Habitat for Humanity. CEO Jeff Jackson emphasized the company’s commitment to community service and growth strategy. The showroom offers a streamlined purchase experience, promotions, and a direct interaction with representatives for homeowners looking for high-quality, energy-efficient solutions.

PGT Innovations (NYSE: PGTI) is celebrating the grand opening of its first NewSouth Window Solutions showroom in Georgia, located in Duluth. The 4,500-square-foot facility will showcase a variety of energy-efficient window and door products. The grand opening event is scheduled for August 3, featuring a ribbon-cutting ceremony and a special promotion of 40% off all products through August 6. This expansion marks a significant step for PGT Innovations as it enhances its presence outside Florida, providing customers with a factory-direct purchase experience.

PGT Innovations, Inc. (NYSE: PGTI) reported strong financial results for Q2 2022, with net sales of $407 million, marking a 42% increase year-over-year. Net income surged 240% to $36 million, while adjusted EBITDA grew 119% to $78 million. The company attributes this growth to organic and acquisition-driven strategies, including contributions from Anlin Windows & Doors. Cash reserves rose 66% to $159 million. PGTI has updated its FY 2022 guidance, projecting net sales between $1.450 billion and $1.525 billion and adjusted EBITDA between $250 million and $265 million.

PGT Innovations, Inc. (NYSE:PGTI) will release its second quarter 2022 financial results on July 26, 2022, at 7:30 a.m. ET, followed by a conference call at 10:30 a.m. ET. The call will feature executives including CEO Jeff Jackson and CFO John Kunz. Investors can participate by dialing 833-316-0547 or accessing the call online. A replay will be available shortly after the call until August 2, 2022. PGT Innovations is a leading manufacturer of impact-resistant windows and doors, known for its premium building products and strong customer relationships.