Welcome to our dedicated page for PGT Innovations news (Ticker: $PGTI), a resource for investors and traders seeking the latest updates and insights on PGT Innovations stock.
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PGT Innovations' brand WINDOOR unveils new brand identity and logo at NAHB International Builders’ Show, emphasizing luxury coastal living innovations and exclusive products like the Envista window wall system and Diamond Glass technology. The brand refresh includes a new tagline, brand ambassador, and brand pillars, showcasing a commitment to custom, high-quality products for coastal environments.
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-0.05%
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Martin Door, part of PGT Innovations, Inc., is launching the Keystone Garage Door at the NAHB International Builders’ Show. The high-quality garage door offers customization, dent-resistance, and new back stile technology. The company also displays the Athena Garage Door, showcasing its presence in multiple new construction channels for builders and architects.
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-0.07%
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PGT Innovations, Inc. (NYSE: PGTI) has been named on Forbes' 2024 America’s Most Successful Small-Cap Companies list, ranking among 13 other organizations in the construction category. The company has experienced significant growth with a compound annual growth rate (CAGR) of 24 percent in sales and 26 percent in profit over the past 10 years. PGT Innovations has also demonstrated consistent, significant growth in recent years, with CAGRs of 23.93 percent in net sales and 27.09 percent in net income from 2012 to 2022. The company has made several milestone announcements, including collaborations and new product launches.
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Masonite International Corporation terminates merger agreement with PGT Innovations, Inc. after decision not to submit a revised offer, receives $84 million termination fee. The company remains committed to financial discipline and strategic investments, focusing on 'Doors That Do More™' growth initiatives and 2027 financial goals.
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6.71%
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MITER Brands has proposed to acquire all outstanding shares of PGT Innovations Inc. at a price of $42.00 per share in cash, representing a premium of 60% over PGTI’s unaffected closing share price. The transaction will be financed in part by an equity investment from Koch Equity Development LLC, and is expected to close by mid-year 2024. PGTI has terminated its merger agreement with Masonite International Corp. and the acquisition is subject to PGTI shareholder approval, regulatory approval, and customary closing conditions.
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-0.68%
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PGT Innovations, Inc. (NYSE: PGTI) was recently awarded in two categories at the annual Window + Door Awards by Window + Door Magazine. The company received the Most Innovative Window award for its Envista Window Wall and Bay Window by WINDOOR, as well as the Best Dealer Support/Marketing Program award for its PGTI University. The awards recognize PGT Innovations' commitment to innovation and customer support in the fenestration industry.
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Masonite International Corporation (NYSE: DOOR) reaffirms commitment to merge with PGT Innovations, Inc. (NYSE: PGTI), offering compelling financial and strategic benefits, including $33.50 in cash for PGTI shareholders, increased revenue growth rate, and $100 million in synergies.
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2.37%
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PGT Innovations, Inc. (PGTI) announced that its Board of Directors is considering an unsolicited proposal from Miter Brands to acquire all outstanding shares of PGTI common stock for $41.50 per share in cash, which is competing with PGTI's definitive agreement to be acquired by Masonite International Corp for $41.00 per share, comprised of $33.50 in cash and 0.07353 shares of Masonite common stock. This announcement comes after PGTI engaged with 12 different potential strategic and financial counterparties, including Miter, and received a total of 15 proposals with ever-increasing deal values, which culminated in the definitive agreement with Masonite for $41.00 per share.
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PGT Innovations, Inc. (NYSE: PGTI) returns to the NAHB International Builders’ Show to showcase products and innovations from several brands within its family, including Western Window Systems, Anlin Windows & Doors, Martin Door, WINDOOR, PGT Custom Windows and Doors, and iLab by PGT Innovations. The event will feature over 25 products and new launches, including the Series 7665 Pass Through Window and a Water Management Sill from Western Window Systems, Designer Black™ capstock frame options from Anlin Windows & Doors, Keystone Series Premium Garage Door from Martin Door, Sliding Glass Door Series 8100 with Narrow Interlock and the Envista Seamless Glazed Window Wall from WINDOOR, and WinGuard® Vinyl Preferred View Sliding Glass Door Series SGD5570NS from PGT Custom Windows and Doors.
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-0.17%
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PGT Innovations, Inc. (NYSE: PGTI) has received an unsolicited proposal from Miter Brands to acquire all outstanding shares of PGT Innovations’ common stock for $41.50 per share in cash. This comes after PGT Innovations entered into a definitive agreement to be acquired by Masonite International Corp. (NYSE: DOOR) for $41.00 per share in cash and Masonite stock, representing a premium of approximately 56.5% over the closing price per share of PGTI common stock on October 9, 2023. PGT Innovations’ Board of Directors will carefully review Miter Brands’ proposal to determine if it is reasonably likely to lead to a superior proposal. Shareholders are advised to take no action at this time.
Rhea-AI Impact
Rhea-AI Sentiment
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0.39%
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PGT Innovations, Inc.
NYSE:PGTI
PGTI Rankings
PGTI Stock Data
2.40B
51.47M
10.32%
85.38%
3.68%
Metal Window and Door Manufacturing
Manufacturing
US
North Venice
About PGTI
building smarter products by combining strong companies. that’s what we’re doing at pgt innovations. we’ve brought together pgt® custom windows + doors, cgi®, and windoor® to lead the industry in breakthroughs, technology, and a passion for developing the strongest, most beautiful windows and doors on the market. through our brands, pgt innovations has become a recognized market leader for high performance windows and doors. founded in florida, our company has been built on highly-engineered and technically advanced products that can withstand some of the toughest conditions on earth. for more than 35 years, our focus has remained on helping our customers meet the needs of the market while keeping families, homes, and businesses more secure. we invent. we build. we deliver. for more information about pgt innovations or to join our team, visit www.pgtinnovations.com.