PGTI Reports 2018 Fourth Quarter and Fiscal Year Results

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PGT Innovations (PGTI) PT Lowered to $18 at SunTrust Following 4Q

February 28, 2019 7:38 AM EST

SunTrust analyst Keith Hughes lowered the price target on PGT Innovations (NYSE: PGTI) to $18.00 (from $29.00) while maintaining a Buy rating following the company's 4Q earnings report. PGTI reported adjusted 4Q18 EPS of $0.21, above the Street consensus of $0.20. The company reported revenue of $189.9 million, above the... More

PGT, Inc. (PGTI) Tops Q4 EPS by 1c, Revenues Beat; Offer FY19 EPS/Revenue Guidance Below Consensus

February 27, 2019 7:32 AM EST

PGT, Inc. (NYSE: PGTI) reported Q4 EPS of $0.21, $0.01 better than the analyst estimate of $0.20. Revenue for the quarter came in at $190 million versus the consensus estimate of $173.89 million.

Net sales of $190 million, an increase of $56 million, or 42 percentGross margin of 34.6 percent, compared to 32.0 percentNet 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 millionNet income per diluted share of $0.18, compared to $0.39Adjusted net income per diluted share of $0.21, compared to... More