PGT Innovations reported a profit of $20.3 million for the fourth quarter of 2017, significantly higher than the $4.1 million the company earned in the same period in 2016.

The maker of impact-resistant windows posted those solid numbers in the months after Hurricane Irma hit Florida and caused about $65 billion in damages.

“During 2017, we grew our market share and captured increased demand for impact-resistant products in one of America’s strongest markets,” said CEO Jeff Jackson. “Hurricane Irma was a real-world test of our industry-leading products. Reports we have received from homeowners and our customers confirm that PGTI’s impact-resistant products perform as promised, protecting life and property against this powerful storm. This is a testament to our commitment for over 37 years to produce high-quality products that are tested to meet some of the most stringent standards in the nation.”

 

The company generated revenue of $134.1 million, and it got a boost from the new tax law that was passed at the end of the year.

“Due to the Tax Cuts and Jobs Act, which was enacted in December 2017, we recorded a $12.4 million non-cash tax benefit in the fourth quarter relating to the revaluation of our net deferred tax liability,” said CFO Brad West.

Looking ahead, the company predicts that net sales will climb between 8 percent to 13 percent in 2018 to $550 million to $575 million.

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