PGTI Reports 2019 Second Quarter and First Half Results
PGT Innovations, Inc. (PGTI)
Last pgt innovations, inc. earnings: 2/25 07:30 am
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ir.pgtinnovations.com
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Source: Business Wire
Second Quarter Sales Grew $29 Million Due To Inclusion of Western Window Systems VENICE, Fla.--(BUSINESS WIRE)--PGT Innovations, Inc. (NYSE: PGTI), a national leader in premium windows and doors, including impact-resistant products and products designed to unify indoor/outdoor living spaces, today announced financial results for its second quarter and first half ended June 29, 2019.Financial Highlights for Second Quarter 2019 versus Second Quarter 2018Net sales increased 17 percent, to $199 million, including $37 million from Western Window SystemsGross profit grew 22 percent, to $73 millionNet income decreased 24 percent, to $17 millionNet income per diluted share decreased to $0.29, and adjusted net income per diluted share decreased to $0.32; both affected by the higher number of shares outstanding resulting from the 2018 equity offeringStrong EBITDA growth driven by Western Window Systems and diligent cost control in legacy businessFinancial Highlights for First Half 2019 versu
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