PGT Innovations Q3 Earnings Beat Estimates

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PGT ($NYSE:PGTI) Innovations is a leading manufacturer of impact-resistant windows and doors. The company reported Q3 non-GAAP EPS of $0.55, which beat estimates by $0.02. PGT Innovations attributed the strong quarter to continued growth in its core U.S. market, as well as strong performance in its international businesses.

Earnings

In its latest earnings report for FY2022 Q2 ended June 30, PGT INNOVATIONS earned $1370.1M in total revenue, up 18.0% from the previous year. The company also reported net income of $69.7M, up 111.9% from the previous year. The company has been able to achieve this growth despite challenging market conditions, thanks to its innovative products and strong customer relationships. Looking forward, PGT INNOVATIONS is well-positioned to continue its strong growth trajectory.

The company is investing heavily in R&D to develop new products and is expanding its sales and marketing efforts to drive demand. With its strong financial position and commitment to innovation, PGT INNOVATIONS is poised for continued success in the years ahead.

Market Price

PGT Innovations, Inc. , a leading manufacturer of impact-resistant windows and doors, announced today that its third quarter earnings beat estimates. On Thursday, PGT INNOVATIONS stock opened at $21.0 and closed at $22.7, rise by 9.1% from previous closing price of 20.8. “We are pleased to report another quarter of solid financial results, driven by continued execution of our growth strategy,” said Jeff Jackson, Chairman and CEO of PGT Innovations. “Our team remains focused on delivering shareholder value through profitable growth and we are well-positioned to continue delivering strong results.”

VI Analysis

The company’s stock is traded on the New York Stock Exchange under the ticker symbol “PGTI.” The company is a leading manufacturer and distributor of impact-resistant windows, doors and other products for the residential and commercial construction markets. The company’s products are sold under the PGT®, WinDoor®, Western Window Systems®, Eze-Breeze® and CGI® product brands. The company’s products are designed to protect homes and businesses from hurricane-force winds and flying debris.

VI Peers

There is significant competition between PGT Innovations Inc and its competitors Tyman PLC, Beacon Roofing Supply Inc, Quanex Building Products Corp. All four companies compete for market share in the manufacture and sale of windows, doors, and other building products. PGT Innovations Inc has a significant competitive advantage in its ability to vertically integrate the production of its products. This means that PGT Innovations Inc can control the quality of its products from start to finish, ensuring that its products are of the highest possible quality. Additionally, PGT Innovations Inc has a strong brand name and reputation, which gives it a leg up on its competitors.

– Tyman PLC ($LSE:TYMN)

Tyman PLC is a British-based manufacturer and supplier of door and window products. The company has a market cap of 382.79M as of 2022 and a Return on Equity of 9.35%. Tyman PLC supplies a range of door and window products to the construction, repair and maintenance markets in the United Kingdom, Europe, North America and Asia Pacific. The company’s products include door and window frames, doors, windows, hardware, glass and glazing products.

– Beacon Roofing Supply Inc ($NASDAQ:BECN)

Beacon Roofing Supply Inc is a leading distributor of roofing materials and supplies in the United States. The company has a market cap of 3.54 billion and a return on equity of 13.72%. Beacon Roofing Supply Inc is a publicly traded company on the Nasdaq Stock Market under the ticker symbol BECN. The company was founded in 1928 and is headquartered in Herndon, Virginia. Beacon Roofing Supply Inc operates more than 400 locations in 40 states across the United States. The company offers a wide range of roofing materials and supplies, including asphalt shingles, metal roofing, slate roofing, tile roofing, and more.

– Quanex Building Products Corp ($NYSE:NX)

Quanex Building Products Corporation is a leading provider of engineered products, services and solutions for the global residential new construction, repair and remodeling, and commercial construction markets. The Company operates in three segments: Engineered Components, Cabinets & Windows, and Insulation. Quanex Building Products Corporation is headquartered in Houston, Texas.

As of 2022, Quanex Building Products Corporation had a market cap of 649M and a Return on Equity of 15.63%. The company operates in three segments: Engineered Components, Cabinets & Windows, and Insulation. Quanex Building Products Corporation is headquartered in Houston, Texas.

Summary

PGT Innovations is a leading manufacturer of impact-resistant windows and doors. The company’s products are used in both residential and commercial applications, and its products are available in a variety of styles and sizes to meet the needs of any customer. PGT Innovations’ products are known for their durability and energy efficiency, and the company’s products have been used in some of the most extreme weather conditions around the world.

The company’s stock price has been on the rise in recent years, and PGT Innovations is a well-respected name in the industry. When considering an investment in PGT Innovations, it is important to research the company thoroughly and consult with a financial advisor to ensure that the investment is right for you.