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Venice Manufacturer Posts Record Sales

Venice's PGT Innovations posted record sales of $458.6 million in 2016, according to a financial update issued by the company last month.

By staff March 20, 2017

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Venice's PGT Innovations posted record sales of $458.6 million in 2016, according to a financial update issued by the company last month. That number represents a $68.7 million increase over 2015, an 18 percent spike. "The underlying drivers of Florida's population expansion, rational pricing and consumer confidence is leading to a steady market recovery for both new construction and repair and remodeling activities," said Rod Hershberger, PGT board chairman and CEO, according to the update. "During 2016, Florida's population grew faster than at any time in the last six years, which continued to drive Florida's economic growth with the single largest factor being the continued recovery in housing." PGT primarily manufactures impact-resistant doors and windows.

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