PGT Innovations' Venice headquarters

PGT Innovations' Venice headquarters

PGT Innovations, Inc. (NYSE: PGTI), the Venice-based manufacturer of  windows and doors, announced financial results for its second quarter, which ended July 4, 2020. PGTI reported that net sales increased 2 percent, to $203 million, including $23 million from its NewSouth acquisition; gross profit increased 2 percent, to $74 million; net income decreased 87 percent, to $2 million, negatively impacted by an $8 million non-cash impairment charge and $4 million in costs and charges relating to its Florida facilities consolidation, both before tax-effect; net income per diluted share decreased 86 percent, to $0.04, and adjusted net income per diluted share decreased 34 percent, to $0.21; and adjusted EBITDA decreased 15 percent, to $35 million.

Filed under
Show Comments