PGT Innovations' Venice headquarters

PGT Innovations' Venice headquarters

PGT Innovations, Inc. (NYSE: PGTI), the Venice-based manufacturer of premium windows and doors, recently announced financial results for its first quarter, which ended April 3, 2021. Net sales increased 23 percent, to $271 million, which includes $16 million from consolidation of Eco Enterprises (formerly known as Eco Windows Systems); gross profit increased 16 percent, to $94 million; net income per diluted share attributable to common shareholders decreased 19 percent, to $0.21; adjusted net income per diluted share decreased 4 percent, to $0.27; and adjusted EBITDA increased 7 percent, to $42 million.

PGT also raised its 2021 fiscal guidance to reflect net sales in the range of $1.050 billion to $1.125 billion and  EBITDA in the range of $175 million to $200 million.

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