Posts Tagged ‘ PGT ’

PGT Industries to Hold Shareholder Meeting

May 12th, 2015

PGT Industries’ annual shareholder meeting is scheduled for May 21 at the Hyatt Regency in Sarasota, Fla. The program begins at 1:30 p.m. Featured speakers will include CEO Rod Hershberger and COO Jeff Jackson. The focus of the meeting will be a review of the company’s performance during the past year, a vote on proposals […]

PGT Earnings Rise in First Quarter

May 7th, 2015

PGT Inc. put together solid earnings in the first quarter of 2015. The North Venice, Fla.-based company reported earnings per share of 14 cents on Wednesday, which exceeded Wall Street’s expectations. According to Yahoo Finance, Zacks Investment Research anticipated earnings of 11 cents per share. PGT’s net income for the quarter was $6.7 million, compared […]

PGT Reports Positive Third Quarter Results

Oct 31st, 2014

PGT Inc. has good news for its investors in its third quarter 2014 financial results. “This is an exciting time for PGT,” says CEO Rod Hershberger. “During the past quarter we completed the acquisition of CGI Windows and Doors Inc., adding another market leading brand to our portfolio, a manufacturing facility in Miami, and approximately […]

PGT Finalizes CGI Windows and Doors Acquisition

Sep 23rd, 2014

PGT, Inc. will expand its reach into the impact-resistant fenestration industry with its completed acquisition of CGI Windows and Doors Holdings, Inc (CGI). The transaction, valued at approximately $111 million, is consistent with PGT’s plan to grow strategically while contributing to earnings growth through targeted acquisitions of complementary specialty products. “Today we welcome the entire […]

M&A Activity Continues

Sep 18th, 2014

The brisk pace of M&A in the window and door industry continued in the past few months with three noteworthy acquisitions. At the end of July, PGT announced it would acquire CGI Windows. The $111 million value of the deal and the fact that it was funded in part with a new debt facility are […]

PGT to Acquire CGI Windows & Doors

Jul 29th, 2014

Two major manufacturers of impact-resistant doors and windows will join forces as PGT Inc. has entered into a definitive agreement to buy CGI Windows & Doors Holdings Inc. (a portfolio company of Cortec Group Fund, IV, LP). CGI will become a wholly-owned subsidiary of PGT. PGT says the transaction, valued at approximately $111 million, is […]

PGT Industries Set to Join the S&P SmallCap 600

May 5th, 2014

PGT announced that it became a component in the S&P SmallCap 600(R) index after the close of trading on Friday, May 2. The S&P SmallCap 600(R) is an index of 600 companies from leading industries with a market capitalization of $350 million to $1 billion. It is designed for investors seeking to replicate the performance […]

PGT Reports Dramatic Spike in Net Sales for 2013

Feb 21st, 2014

PGT Inc. reported a drastic increase in net sales over the year, as well as gross margin when it reported its financial results for the fourth quarter and year ended December 28, 2013. According to PGT, it saw net sales of $62.0 million, an increase of $16.8 million, or 37.2 percent as well as a […]

Energy and Optimism Abounds as Builders’ Show Opens in Vegas

Feb 4th, 2014

The International Builders’ Show opened this morning in Las Vegas, and if the signs in rising housing starts and rising attitudes, are any indication, the event should be one filled with good news and innovative products. Many members of the door and window industry are in attendance and industry suppliers have a wide variety of […]

PGT Reports Third Quarter Results

Nov 1st, 2013

PGT Inc. announces financial results for its third quarter and the company says it delivered its highest quarterly sales since the first quarter of 2007 coming in at $64.9 million, up 45 percent over the third quarter of 2012. “A combination of improving market conditions and marketing programs focused on both consumers and dealers targeting […]

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