PGT Innovations named a Best Small Company by Forbes for third year in a row

Rhea-AI Summary

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..

Positive

• Ranked No. 47 on Forbes' 2023 list of Best Small Companies, improving by 32 spots from the previous year.
• Recognized for strong sales growth and market value between $300 million and $2 billion.
• Employs around 5,500 individuals and operates 10 manufacturing facilities.

Negative

• None.

NORTH VENICE, Fla.--(BUSINESS WIRE)-- PGT Innovations (NYSE: PGTI), a leading manufacturer of premium windows, doors, and garage doors, was recently named on Forbes' 2023 list of Best Small Companies for the third year in a row.

Jeff Jackson. (Photo: Business Wire)

The complete list includes 100 U.S. companies across a number of industry categories. This year, PGT Innovations improved its ranking by an impressive 32 spots – moving from No. 79 in 2022 to No. 47. The manufacturing leader was one of nine firms in the construction classification.

“We are incredibly honored to be recognized again by Forbes with this accolade,” said Jeff Jackson, President and CEO of PGT Innovations. “The efforts from our team members over the past year have been nothing short of amazing, and this acknowledgement is a direct reflection of their continued ability to invent, build, and deliver solutions to enhance people’s lives. We look forward to another year of growth within our company and across our family of brands.”

To produce its ranking of America’s 100 Best Small Companies, Forbes used data from FactSet to screen more than 1,000 companies with a market value between $300 million and $2 billion to find 541 companies that also had positive sales growth over the past 12 months and a share price of at least $5. Financial institutions, REITs, utilities, royalty trusts and limited partnerships were excluded, as were companies that have been public for less than one year. The top 100 ranking was based on earnings growth, sales growth, return on equity, and total stock return for the latest 12 months available and over the last five years.

PGT Innovations employs approximately 5,500 team members across the U.S., operates 10 manufacturing facilities and a glass processing plant, produces hundreds of products that unify indoor and outdoor living spaces, and has a legacy of being the leading impact-resistant window and door manufacturer in the nation.

About PGT Innovations, Inc.

PGT Innovations manufactures and supplies premium windows, doors, and garage doors. Its highly engineered and technically advanced products can withstand some of the toughest weather conditions on Earth and are revolutionizing the way people live by unifying indoor and outdoor living spaces.

PGT Innovations creates value through deep customer relationships, understanding the unstated needs of the markets it serves, and a drive to develop category-defining products. PGT Innovations is also the nation’s largest manufacturer of impact-resistant windows and doors and holds the leadership position in its primary market.

The PGT Innovations’ family of brands include CGI^®, PGT^® Custom Windows and Doors, WinDoor^®, Western Window Systems, Anlin Windows & Doors, Eze-Breeze^®, NewSouth Window Solutions, Martin Door and a 75 percent ownership stake in Eco Window Systems. The company’s brands, in their respective markets, are a preferred choice of architects, builders, and homeowners throughout North America and the Caribbean. Their high-quality products are available in custom and standard sizes with massive dimensions that allow for unlimited design possibilities in residential, multi-family, and commercial projects. For additional information, visit www.pgtinnovations.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230309005616/en/

Media Relations

Stephanie Cz, Corporate Communications Manager

SCz@PGTInnovations.com

941-480-1600

Source: PGT Innovations, Inc.

FAQ

What recognition did PGT Innovations receive in 2023?

PGT Innovations was named on Forbes' 2023 list of Best Small Companies, ranking No. 47.

How many positions did PGT Innovations improve on the Forbes list from 2022?

PGT Innovations improved its ranking by 32 positions from No. 79 in 2022 to No. 47 in 2023.

How many employees does PGT Innovations have?

PGT Innovations employs approximately 5,500 team members across the U.S.

What criteria were used to rank companies on Forbes' Best Small Companies list?

Forbes ranked companies based on earnings growth, sales growth, return on equity, and total stock return.