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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PGT Innovations's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PGT Innovations's position in the market.
Rhea-AI Summary
Masonite International Corporation (NYSE: DOOR) will acquire PGT Innovations, Inc. (NYSE: PGTI) for a total transaction value of $3.0 billion. The acquisition will be a combination of cash and Masonite shares, with PGT Innovations shareholders receiving $41.00 per share, representing a 24% premium to the 30-day volume weighted average share price. The deal is expected to provide Masonite with complementary product offerings, expanded routes to market, and significant synergies, positioning the company for sustainable long-term value creation.
Rhea-AI Impact
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End-of-Day
-15.97%
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PGT Innovations, Inc. (NYSE: PGTI) products from its WINDOOR and PGT Custom Windows and Doors brands were used in every home featured on season five of the popular HGTV show Rock the Block. The show was filmed in Treasure Island, Florida, and is set to premier in March 2024. Hosted by Ty Pennington, the show features well-known HGTV renovation stars competing to renovate identical properties and maximize their value. The coastal homes on the show feature WINDOOR specialty doors and entry doors, as well as PGT windows, sliding glass doors, French doors, and patio doors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
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PGT Innovations, Inc. (NYSE: PGTI) President and CEO Jeff Jackson was named to Florida Trend’s Florida 500 list, an annual section that highlights Florida’s most influential business leaders. Jackson joined PGT Innovations in 2005 and has played a key role in the company's growth, leading to $1.5 billion in total sales over the last four quarters and making it the largest manufacturer of impact-resistant windows and doors in the U.S.
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End-of-Day
0.64%
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PGT Innovations (NYSE: PGTI) Unveils New Architectural Design Studio in Santa Monica, California. The 2,800-square-foot studio doubles as a showroom and innovation hub, offering an immersive experience for architects, builders, and interior designers. The space features products from Western Window Systems' classic, performance, simulated steel, and vinyl product lines, including the Series 3700 Vinyl Multi-Slide Door and Series 7600 Multi-Slide Door. The studio will soon showcase products from Anlin Windows and Doors. The ribbon-cutting ceremony was attended by over 100 guests, including industry leaders and members of the Santa Monica Chamber of Commerce.
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Rhea-AI Sentiment
End-of-Day
0.5%
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PGT Innovations, Inc. (NYSE: PGTI) Receives Top 10 Executive Team Award from OnConferences. The national brand and innovation leader in the fenestration and garage door industries was chosen from over 225 finalists and recognized for its senior leadership excellence. The award highlights the company's impact, thought leadership, innovation, and exceptional leadership qualities.
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Rhea-AI Sentiment
End-of-Day
1.98%
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PGT Innovations, Inc. (NYSE: PGTI) Announces Appointment of Craig Henderson as Senior Vice President and Chief Financial Officer
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Rhea-AI Sentiment
End-of-Day
-4.08%
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PGT Innovations announces the establishment of Triple Diamond Glass, a company that will offer innovative solutions to window and door manufacturers in the areas of energy efficiency, security, and sound abatement applications. The initial products include Tri-Ultra thin triple insulated glass units (IGUs) and Diamond Glass laminated glass units. The operations will be housed in a state-of-the-art facility in Prince George, Virginia. The facility is strategically located near the I-95 corridor and has a skilled labor pool and advanced technology.
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Rhea-AI Sentiment
End-of-Day
1.75%
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PGT Innovations, Inc. announced its financial results for the third quarter of 2023. Net sales increased by 4% to $400 million compared to the prior-year period. Net income grew by 29% to $39 million, and adjusted net income increased by 16% to $39 million. Adjusted EBITDA rose by 15% to $78 million. Net income per common share was $0.67, a 34% increase. The company's total liquidity at the end of the quarter was $214 million.
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End-of-Day
-1.49%
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PGT Innovations to participate at Baird’s 2023 Global Industrial Conference
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0.03%
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PGT Innovations is now offering its ULite thin triple insulated glass units (IGU) as a glass package option within its EnergyVue window product line. The ULite glass package features two outer panes of traditional glass with an internal pane of ultra-thin Corning Architectural Technical Glass, aligning with new energy and efficiency guidelines. PGT is offering EnergyVue with ULite to dealers in three northern states and plans to expand sales in the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
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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.