Finance

PGTI Reports Record First Quarter 2022 Results

Net sales in the first quarter totaled $359 million, an increase of 32 percent.

By Staff May 16, 2022

PGT Innovations' Venice headquarters

PGT Innovations' Venice headquarters

PGT Innovations, Inc. (NYSE: PGTI), the Venice-based 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 first quarter ended April 2, 2022.

Net sales in the first quarter totaled $359 million, an increase of 32 percent. Net income attributable to the company in the first quarter was $23 million, an increase of 87 percent. Net income attributable to common shareholders per diluted share in the first quarter was $0.35, an increase of 67 percent. Cash provided from operations was $17 million in the first quarter, an increase of $19 million. Adjusted net income per diluted share in the first quarter was $0.42, an increase of 56 percent. Adjusted EBITDA in the first quarter totaled $59 million, an increase of 40 percent.

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