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PGT Innovations Inc (PGTI.N)

PGTI.N on New York Stock Exchange

21.44USD
22 Oct 2018
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Latest Key Developments (Source: Significant Developments)

PGT Innovations Prices 7 Mln Public Offering At $23 Per Share
Friday, 14 Sep 2018 

Sept 13 (Reuters) - PGT Innovations Inc ::PGT INNOVATIONS PRICES PUBLIC OFFERING OF ITS COMMON STOCK.PGT INNOVATIONS INC -PRICED ITS PREVIOUSLY ANNOUNCED UNDERWRITTEN PUBLIC OFFERING OF 7 MILLION SHARES OF ITS COMMON STOCK AT $23.00 PER SHARE.  Full Article

Pgt Innovations Announces Proposed Offering Of Its Common Stock
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - PGT Innovations Inc ::PGT INNOVATIONS ANNOUNCES PROPOSED OFFERING OF ITS COMMON STOCK.PGT INNOVATIONS - COMMENCED PUBLIC OFFERING OF 7 MILLION SHARES OF COMMON STOCK.PGT INNOVATIONS - EXPECTS TO APPLY NET PROCEEDS FROM OFFERING, TO REPAY INDEBTEDNESS UNDER PGTI'S EXISTING CREDIT FACILITY.  Full Article

PGTI Announces Private Offering Of Senior Notes
Tuesday, 31 Jul 2018 

July 31 (Reuters) - PGT Innovations Inc ::PGTI ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES.PGT INNOVATIONS -UNIT INTENDS TO OFFER UP TO $315 MILLION OF SENIOR NOTES DUE 2026.PGT INNOVATIONS INC - NOTES ARE BEING OFFERED TO FINANCE, TOGETHER WITH CASH ON HAND, ACQUISITION OF WESTERN WINDOW SYSTEMS.  Full Article

PGT Innovations To Acquire Western Window Systems
Tuesday, 24 Jul 2018 

July 24 (Reuters) - PGT Innovations Inc ::PGT INNOVATIONS TO ACQUIRE WESTERN WINDOW SYSTEMS TO EXPAND PRODUCT PORTFOLIO IN PREMIUM INDOOR/OUTDOOR WINDOW AND DOOR CATEGORY; ACQUISITION ALSO PROVIDES EXPANSION INTO NEW GEOGRAPHIC MARKETS AND EXPANDS ADJUSTED EBITDA MARGINS.Q2 SALES $169 MILLION VERSUS I/B/E/S VIEW $152 MILLION.DEAL FOR $360 MILLION IN CASH.DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO CASH EPS AND GROSS AND ADJUSTED EBITDA MARGINS.INCREASES FULL YEAR 2018 OUTLOOK.PGT INNOVATIONS - EXPECTS TO FINANCE DEAL THROUGH COMBINATION OF CASH ON HAND, $315 MILLION INCREMENTAL DEBT.DEAL EXPECTED TO BE ACCRETIVE TO PGT INNOVATIONS' GAAP EPS IN FIRST HALF OF 2019.TRANSACTION IS EXPECTED TO BE ACCRETIVE IN FIRST YEAR.TRANSACTION WAS UNANIMOUSLY APPROVED BY PGT INNOVATIONS BOARD OF DIRECTORS.REVISED 2018 FISCAL YEAR GUIDANCE IS FOR LEGACY PGT INNOVATIONS AND DOES NOT INCLUDE WESTERN WINDOW SYSTEMS.NOW EXPECTS TO FINISH TOWARD HIGH END OF NET SALES OF $580 MILLION TO $600 MILLION FOR ITS 2018 FISCAL YEAR.NOW EXPECTS TO FINISH TOWARD HIGH END OF NET INCOME PER DILUTED SHARE OF $0.95 TO $1.10 FOR FISCAL 2018.FY2018 EARNINGS PER SHARE VIEW $0.93, REVENUE VIEW $575.6 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

PGT Innovations Announces Repricing Of Senior Secured Term Loan Facility Due February 2022
Monday, 19 Mar 2018 

March 19 (Reuters) - PGT Innovations Inc ::PGT INNOVATIONS, INC. ANNOUNCES REPRICING OF SENIOR SECURED TERM LOAN FACILITY DUE FEBRUARY 2022 AT LIBOR+3.50%, A 1.25% REDUCTION IN MARGIN.PGT INNOVATIONS- ENTERED INTO AMENDMENT TO EXISTING $224 MILLION SENIOR SECURED TERM LOAN FACILITY DUE FEB 2022.PGT INNOVATIONS - ESTIMATES INTEREST RATE REDUCTION TO REDUCE CASH DEBT SERVICE COSTS BY ABOUT $2.8 MILLION OVER NEXT 12 MONTHS.PGT INNOVATIONS- AMENDMENT RESULTED IN, AMONG OTHER THINGS, 125 BASIS POINT REDUCTION IN INTEREST RATE APPLICABLE TO TERM LOAN FACILITY.  Full Article

PGT Innovations says Q3 earnings per share $0.12
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - PGT Innovations Inc -:PGTI reports 2017 third quarter and nine months results.Q3 adjusted earnings per share $0.16.Q3 earnings per share $0.12.Q3 sales $127 million versus I/B/E/S view $131.8 million.Q3 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.PGT Innovations Inc - ‍company estimates 2017 third-quarter sales were negatively impacted by approximately $13 million due to Hurricane Irma​.PGT Innovations Inc - ‍revising adjusted EBITDA range estimate to be $80 to $84 million​ for FY 2017.  Full Article

PGT Innovations says Jeff Jackson will succeed Rod Hershberger as CEO
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Pgt Innovations Inc :PGT Innovations announces CEO transition Jeff Jackson to succeed Rod Hershberger in January 2018.PGT Innovations Inc - ‍Rod Hershberger, who is retiring as CEO, will continue to serve as chairman of board of directors​.  Full Article