PGT Innovations, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 02, 2022
July 26, 2022 at 07:50 am EDT
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PGT Innovations, Inc. reported earnings results for the second quarter and six months ended July 02, 2022. For the second quarter, the company reported sales was USD 406.52 million compared to USD 285.5 million a year ago. Net income was USD 36.51 million compared to USD 6.58 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.61 compared to USD 0.11 a year ago.
For the six months, sales was USD 765.18 million compared to USD 556.59 million a year ago. Net income was USD 57.55 million compared to USD 18.97 million a year ago. Basic earnings per share from continuing operations was USD 0.96 compared to USD 0.32 a year ago. Diluted earnings per share from continuing operations was USD 0.96 compared to USD 0.32 a year ago.
PGT Innovations, Inc. manufactures and supplies premium windows, doors, garage doors, and fully customizable overhead garage doors. The Company manufactures diverse lines of products, intended to appeal to different segments of the market, at different price-points, including high-end, luxury, premium and mass-custom fully customizable aluminum and vinyl windows and doors and porch enclosure products, targeting both the residential repair and remodeling and new construction end markets. The Company's geographic segments include the Southeast segment and the Western segment. It offers a complete line of fully customizable, non-impact-resistant aluminum frame windows and doors. Its PGT family of brands include CGI, PGT Custom Windows and Doors, WinDoor, Western Window Systems, Anlin Windows & Doors, Eze-Breeze, Eco Window Systems, NewSouth Window Solutions, and Martin Door. The Company also markets a line of window and door products designed to unify indoor/outdoor living spaces.