Posts Tagged ‘ PGT Industries ’

PGT Announces $20 Million Share Buyback Program

Nov 19th, 2012

PGT Inc., based in Venice, Fla., announced that its board of directors authorized the repurchase of up to $20 million of its outstanding shares of common stock through December 31, 2013. “Based on our confidence in PGT’s strategy to generate strong, consistent cash flow and long-term profitable growth, we believe repurchasing our shares is currently [...]

PGT Reports Substantial Improvement in Third Quarter

Nov 1st, 2012

PGT Inc., based in Venice, Fla., announced financial results for its third quarter and bright spots included a “substantial improvement” in net income and 4 percent growth in sales of the company’s WinGuard line. “In the third quarter of 2012, we posted net income of $2.7 million, which was a substantial improvement compared to a [...]

PGT Reports Sales Increase for 2012 Second Quarter

Aug 3rd, 2012

PGT Inc. reported that for the second quarter ended June 30, 2012 net sales were $46.5 million, an increase of $1.3 million, or 2.9 percent compared to the second quarter of 2011. Gross margin was 35.5 percent, an increase from the second quarter of 2011 gross margin of 19.9 percent, though the company noted that [...]

PGT Industries Wins Arthur Rutenberg’s Best Customer Service Award

Jul 17th, 2012

PGT Industries announced it has received the Best Customer Service Award from Arthur Rutenberg Homes. The award was presented by Ed Brown, vice president of purchasing and construction of Arthur Rutenberg Homes. According to the company, to earn this achievement, it spent time with the builders who were incorporating the its Series 470 vinyl sliding [...]

PGT Announces New Executive Appointments

May 4th, 2012

PGT Industries announced that Todd Antonelli has joined as vice president of sales and marketing. Antonelli comes to PGT from Masco Corp. where he most recently was director of sales for Masco Cabinetry. “Todd’s skill and experience positions PGT to be poised for growth when the market turns. We’re looking to leverage Todd’s strong leadership [...]

PGT Net Sales Decrease in First Quarter

May 3rd, 2012

First quarter 2012 net sales for PGT Inc. were $38.1 million, a decrease of $2.5 million, or 6.3 compared to the first quarter of 2011. In its financial statement, the company’s gross margin was 31.3 percent, an increase from the first quarter of 2011 adjusted gross margin of 25.6 percent. The company reported a net [...]

AAMA Celebrates in Style

Feb 28th, 2012

Members of the American Architectural Manufacturers Association (AAMA) Association attended the association’s annual banquet last night during the group’s annual conference, and celebrated 75 years as an association—in style. Each guest received a special glass paperweight with the AAMA and when the festivities officially kicked off, Rod Herbsherger, president, PGT Industries and chair of AAMA’s [...]

PGT Reports Net Sales Decrease for 2011 Fourth Quarter

Feb 27th, 2012

PGT Inc. announced that its net sales for the fourth quarter ended December 31, 2011 decreased $3.3 million (8.5 percent) compared to the prior year, to be $35.7 million. The company’s gross margin percentage in the fourth quarter of 2011 was 25.1 percent, compared to 25.7 percent for the fourth quarter 2010, when adjusted for [...]

PGT Sales Decrease Slightly in Third Quarter; Attributed to Consolidation

Nov 8th, 2011

Net sales were $45.8 million for PGT Industries in the third quarter–a decrease of $1.4 million, or 3 percent, from the prior year’s third quarter; according to its financial results for the third quarter ended October 1, 2011. Net income was $241,000 compared to a net loss of $207,000 in the third quarter of 2010. [...]

PGT Acquires Hurricane Window and Door Technologies’ Intellectual Property Assets

Dec 21st, 2010

PGT Inc., based in N. Venice, Fla., has acquired the intellectual property assets of Hurricane Window and Door Technologies of Fort Myers, Fla., according to a company statement. PGT had acquired the operating assets of The Hurricane Window and Door Factory and launched its PremierVue line of impact-resistant vinyl windows in August 2009. Through the [...]