Gabelli Starts PGT, Inc. (PGTI) at Buy
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PGT Reports 2016 First Quarter Results
May 5, 2016 6:30 AM EDTVENICE, Fla., May 05, 2016 (GLOBE NEWSWIRE) -- PGT, Inc. (NASDAQ: PGTI), the leading U.S. manufacturer and supplier of impact-resistant windows and doors, announced financial results for its first quarter ended April 2, 2016.
We achieved a record first quarter sales of $100.2 million. This is a significant accomplishment given the tough comparison to the prior year period, which benefitted from approximately a $6 million revenue lift in advance of a price increase. While there was some short term softness in the market, our WinDoor acquisition provided $4.1 million in sales which helped deliver our first... More
