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PGT Sales Up 45 Percent in Q3

Post Time:Oct 31,2013Classify:Industry NewsView:52

PGT Inc. announced improved financial results for its third quarter, and for the first 9 months, according to an Oct. 30 release."We delivered our highest quarterly sales since the first quarter of 2007 coming in at $64.9 million, up 45 percent over the third quarter of 2012," reported Rod Hershberger, PGT's president and CEO, in the release. "A combination of improving market conditions and marketing programs focused on both consumers and dealers...continues to drive both sales growth and share gains."PGT's financial highlights for the third quarter ended Sept. 28, 2013, compared to the same period last year, include:

Net sales of $64.9 million, an increase of $20.1 million, or 45 percentGross margin increased $5.7 million to $20.9 millionNet income of $6.3 million compared to $2.7 millionEBITDA of $10.1 million compared to $6.7 million

PGT's financial highlights for the nine months ended Sept. 28, compared to the same period last year, include:

Net sales of $177.3 million, an increase of $47.9 million, or 37.1 percentGross margin increased $15.9 million to $59.5 millionNet income of $21.5 million compared to $5.8 millionEBITDA of $28.5 million compared to $17.8 million

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