PGTI Reports 2018 Fourth Quarter and Fiscal Year Results
PGT Innovations, Inc. (PGTI)
Last pgt innovations, inc. earnings: 2/25 07:30 am
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US:NASDAQ Investor Relations:
ir.pgtinnovations.com
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Source: Business Wire
Fourth Quarter Sales of $190 million Driven by Continued Strength in Legacy Repair & Remodel and New Construction Channels and Inclusion of Western Window Systems VENICE, Fla.--(BUSINESS WIRE)-- PGT Innovations, Inc. (NYSE: PGTI), a national leader in the premium window and door category, today announced financial results for its fourth quarter and fiscal year ended December 29, 2018. Financial Highlights for Fourth Quarter 2018 versus Fourth Quarter 2017 Net sales of $190 million, an increase of $56 million, or 42 percent Gross margin of 34.6 percent, compared to 32.0 percent Net income of $10.5 million, compared to $20.3 million (2017 includes $12.4 million tax benefit relating to Tax Cuts and Jobs Act) Adjusted net income of $12.4 million, compared to $9.4 million Net income per diluted share of $0.18, compared to $0.39
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