PGT Innovations, Inc. - PGTI STOCK NEWS

PGT Innovations (NYSE: PGTI) has received the Large Business Award from The Greater Sarasota Chamber of Commerce at the 32nd annual Frank G. Berlin, Sr. Small Business Awards held on June 17. The recognition highlights PGT Innovations' outstanding growth and financial performance, as well as understanding of market dynamics. With over 5,500 employees, the company is Florida's largest manufacturer of impact-resistant windows and doors, committed to innovation and community engagement. This award continues to affirm PGT Innovations' foundational success.

PGT Innovations (NYSE: PGTI) announces the grand opening of its new Skye Walls home renovation showroom in San Diego on June 23, featuring products from Western Window Systems. The showroom, located at 8990 Miramar Road, will allow homeowners to interact with premium window and door products, including multi-slide doors. The grand opening will include refreshments and a sweepstakes for prizes up to $3,000. PGT Innovations continues to lead in premium window and door manufacturing, emphasizing customer relationships and innovative product development.

PGT Innovations (NYSE: PGTI) celebrates the 50th episode of its Clear Impact Podcast, aimed at educating dealers and building industry professionals. Launched in May 2021, the podcast features discussions on business operations, market trends, and recruitment strategies amid a labor shortage. CEO Jeff Jackson emphasizes its role in supporting dealer partners. The podcast is available on major streaming platforms, reinforcing PGTI's commitment to industry leadership. Future episodes are planned, enhancing the educational offerings of PGTI University.

PGT Innovations' Lynn Miller has been appointed Chairman of the ASTM's impact-resistance task group, overseeing standards crucial for hurricane-prone areas. The ASTM E1886 and E1996 standards are vital for the performance of windows, doors, and impact protective systems. Miller has been with PGT Innovations since 2010 and is a registered professional engineer. His appointment highlights PGT's commitment to enhancing building safety through rigorous standards development, with support from CEO Jeff Jackson emphasizing the importance of these standards in protecting citizens and structures.

PGT Innovations (NYSE: PGTI) is expanding its western manufacturing operations by acquiring a 78,843-square-foot space to support the growth of its Western Window Systems brand. This new facility adds 68,043 square feet for manufacturing, enhancing production capabilities amid a reported 30% year-over-year growth. The expansion is expected to create approximately 30 new jobs and improve operational efficiency and lead times for customers. Production is slated to begin in July 2022.

PGT Innovations, Inc. (NYSE: PGTI) reported strong financial results for Q1 2022, with net sales of $359 million, a 32% increase. Net income reached $23 million, up 87%, and earnings per diluted share were $0.35, reflecting a 67% rise. Adjusted EBITDA was $59 million, a 40% growth. The company updated its fiscal year guidance, projecting net sales between $1.35 billion and $1.45 billion and adjusted EBITDA of $225 million to $250 million. Key growth drivers include organic sales increases and successful pricing adjustments despite inflationary pressures.

PGT Innovations, Inc. (NYSE:PGTI) will announce its Q1 2022 financial results and hold a conference call on May 12, 2022, at 10:30 a.m. ET. The press release will be available pre-market at 7:30 a.m. ET. Jeff Jackson, the CEO, along with other executives, will discuss the results. Participants can join the call by dialing 833-316-0547 (U.S.) or 412-317-5728 (International) and replay details will be provided. A webcast will also be available through their Investor Relations section.

PGT Innovations, Inc. (NYSE: PGTI) reported strong financial results for Q4 and the fiscal year 2021. Net sales surged to $304 million in Q4, a 37% increase, while net income rose to $16 million, up 62%. Adjusted EBITDA for Q4 reached $48 million, up 48%. For the full year, net sales totaled $1.16 billion, boosted by acquisitions contributing $107 million. Guidance for FY 2022 projects net sales between $1.35 billion and $1.45 billion and adjusted EBITDA of $220 million to $250 million.