Last $7.90 USD
Change Today -0.18 / -2.23%
Volume 307.4K
PGTI On Other Exchanges
Symbol
Exchange
NASDAQ GM
Berlin
As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

pgt inc (PGTI) Snapshot

Open
$8.14
Previous Close
$8.08
Day High
$8.19
Day Low
$7.76
52 Week High
02/24/14 - $12.61
52 Week Low
07/17/14 - $7.71
Market Cap
373.2M
Average Volume 10 Days
394.5K
EPS TTM
$0.50
Shares Outstanding
47.2M
EX-Date
--
P/E TM
15.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for PGT INC (PGTI)

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pgt inc (PGTI) Details

PGT, Inc. manufactures and supplies residential impact-resistant windows and doors. The company offers window and door products, including heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris. It also offers a range of impact-resistant vinyl window and door products for the mid- to high-end of the replacement market, primarily targeting single and multi-family homes and low to mid-rise condominiums; and non-impact-resistant aluminum and vinyl frame windows and doors; architectural systems line of products, which provide protection from hurricane-force winds and wind-borne debris for mid-and high-rise buildings. In addition, the company offers non-glass vertical and horizontal sliding panels for porch enclosures, such as vinyl-glazed and aluminum-framed products used for enclosing screened-in porches that offer protection from inclement weather; and commercial storefront window systems and entry doors. The company markets its products under the WinGuard, PremierVue, PGT Architectural Systems, Eze-Breeze, and SpectraGuard brand names. PGT, Inc. provides its products to residential new construction, and home repair and remodeling end markets through window distributors, building supply distributors, window replacement dealers, and enclosure contractors. It operates in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company was formerly known as JLL Window Holdings, Inc. and changed its name to PGT, Inc. in February 2006. PGT, Inc. was founded in 1980 and is based in North Venice, Florida.

1,400 Employees
Last Reported Date: 02/28/14
Founded in 1980

pgt inc (PGTI) Top Compensated Officers

Co-Founder, Chairman of the Board, Chief Exec...
Total Annual Compensation: $403.8K
President and Chief Operation Officer
Total Annual Compensation: $330.3K
Vice President, General Counsel and Secretary
Total Annual Compensation: $217.9K
Vice President of Customer Relations
Total Annual Compensation: $197.6K
Vice President of Sales & Marketing
Total Annual Compensation: $191.7K
Compensation as of Fiscal Year 2013.

pgt inc (PGTI) Key Developments

PGT, Inc. Announces Executive Changes

PGT, Inc. announced that its Board of Directors has appointed Brad West, as Chief Financial Officer, effective June 1, 2014. Mr. West will report directly to the Chief Executive Officer (CEO), Rod Hershberger. The Board of Directors also announced Jeff Jackson's appointment as the new President and Chief Operation Officer effective June 1, 2014. Mr. Jackson, succeeds Rod Hershberger, who will remain in his roles as Chairman of the PGT Board of Directors and CEO. Mr. West, who currently serves as Vice President and Controller, joined PGT in 2006 and is responsible for PGT's Accounting and Finance Departments, as well as its Risk Management function.

PGT, Inc. Appoints KPMG LLP as its Independent Auditors for Fiscal 2014

At the Annual Meeting of Stockholders of PGT, Inc. held on May 7, 2014, its stockholders ratified the selection of KPMG LLP as its independent auditors for fiscal 2014.

PGT, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2014; Provides Earnings Guidance for the Second Quarter of 2014 and Tax Rate Guidance for 2014

PGT, Inc. announced unaudited consolidated earnings results for the first quarter ended March 29, 2014. For the quarter, the company reported net sales of $62,724,000 against $49,563,000 a year ago. Income from operations was $6,394,000 against $6,730,000 a year ago. Income before income taxes was $5,319,000 against $5,701,000 a year ago. Net income was $3,352,000 or $0.07 per diluted share against $5,264,000 or $0.09 per diluted share a year ago. Adjusted net income was $3,352,000 or $0.07 per basic and diluted share against $3,237,000 or $0.06 per basic and diluted share a year ago. EBITDA was $7,631,000 against $9,375,000 a year ago. Adjusted EBITDA was $7,631,000 against $7,180,000 a year ago. Free cash flow for the quarter was $1.9 million, mainly driven by EBITDA, excluding noncash items such as stock compensation of $8.1 million, offset by an increase in working capital of $2.3 million due to higher sales demand. The company estimated top line sales for the second quarter is a range of $76 million to $78 million compared to top line sales of $62.8 million in the second quarter of last year. For the second quarter, the company continue to see double-digit growth. The company expects to capitalize on improving economic conditions, especially in Florida, core market, as well as capitalize on investments in consumer promotions and advertising. The company expects second quarter sales to continue to benefit from go-to-market strategy as the company currently estimating a year-over-year increase of approximately 21% to 24%. In addition, in 2014 the company expected annual tax rate will be more comparable to its required statutory rate, as completed the release of deferred tax asset valuation allowance in 2013.

 

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PGTI

Industry Average

Valuation PGTI Industry Range
Price/Earnings 16.4x
Price/Sales 1.5x
Price/Book 7.1x
Price/Cash Flow 15.3x
TEV/Sales 1.1x
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