PGT Innovations, Inc. (NYSE: PGTI), the Venice-based manufacturer of windows and doors, announced financial results for its fourth quarter and year ended January 2, 2021. According to the company, fourth quarter 2020 net sales increased 27 percent, to $222 million, including $28 million from its NewSouth acquisition. Fourth quarter 2020 gross profit increased 40 percent, to $79 million; fourth quarter 2020 net income increased 204 percent, to $10 million; fourth quarter 2020 net income per diluted share increased 183 percent, to $0.17 and adjusted net income per diluted share increased 80 percent, to $0.18; fourth quarter 2020 adjusted EBITDA increased 37 percent, to $33 million; and full year 2020 adjusted EBITDA increased 17 percent, to $150 million.

PGTI also announced full-year guidance for 2021, including net sales in the range of $1 billion to $1,075,000,000 and edjusted EBITDA in the range of $175 million to $194 million.

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