PGT, Inc. (PGTI) Tops Q1 EPS by 1c, Beats on Revenue

PGT, Inc. (NASDAQ: PGTI) reported Q1 EPS of $0.07, $0.01 better than the analyst estimate of $0.06. Revenue for the quarter came in at $112.7 million versus the consensus estimate of $109.29 million.

Fiscal Year 2017 Outlook

“We remain confident in the long-term strength of our core market of Florida, and continue to see demand increase across all of our brands. Our backlog at the end of the first quarter of 2017 stood at over $56 million, compared to $44 million at the end of the first quarter of 2016, up 27 percent. This dynamic environment sets us up for a solid second quarter, and we look forward to the spring 2017 home buying and remodeling season,” said Brad West, PGT Innovations’ Chief Financial Officer. “We continue to expect full-year sales to range between $490 and $500 million, representing an increase of between 7 and 9 percent, and we expect sales in this range will generate consolidated EBITDA of between $83 and $87 million.”

For earnings history and earnings-related data on PGT, Inc. (PGTI) click here.

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