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Stock impact report

PGT Innovations To Acquire Western Window Systems [Reuters]

PGT Innovations, Inc. (PGTI) 
Last pgt innovations, inc. earnings: 2/25 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.pgtinnovations.com
Company Research Source: Reuters
PGT Innovations Inc (PGTI.N) Key Developments | Reuters.com July 24 (Reuters) - PGT Innovations Inc ::PGT INNOVATIONS TO ACQUIRE WESTERN WINDOW SYSTEMS TO EXPAND PRODUCT PORTFOLIO IN PREMIUM INDOOR/OUTDOOR WINDOW AND DOOR CATEGORY; ACQUISITION ALSO PROVIDES EXPANSION INTO NEW GEOGRAPHIC MARKETS AND EXPANDS ADJUSTED EBITDA MARGINS.Q2 SALES $169 MILLION VERSUS I/B/E/S VIEW $152 MILLION.DEAL FOR $360 MILLION IN CASH.DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO CASH EPS AND GROSS AND ADJUSTED EBITDA MARGINS.INCREASES FULL YEAR 2018 OUTLOOK.PGT INNOVATIONS - EXPECTS TO FINANCE DEAL THROUGH COMBINATION OF CASH ON HAND, $315 MILLION INCREMENTAL DEBT.DEAL EXPECTED TO BE ACCRETIVE TO PGT INNOVATIONS' GAAP EPS IN FIRST HALF OF 2019.TRANSACTION IS EXPECTED TO BE ACCRETIVE IN FIRST YEAR.TRANSACTION WAS UNANIMOUSLY APPROVED BY PGT INNOVATIONS BOARD OF DIRECTORS.REVISED 2018 FISCAL YEAR GUIDANCE IS FOR LEGACY PGT INNOVATIONS AND DOES NOT INCLUDE WESTERN WINDOW SYSTEMS.NOW EXPECTS TO FINISH TOWARD H Show less Read more
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