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Pgt Innovations Inc (PGTI)

Pgt Innovations Inc (PGTI)
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PGT, Inc. was incorporated in the state of Delaware on December 16, 2003. It is a U.S. manufacturer and supplier of residential impact-resistant windows and doors and pioneered the U.S. impact-resistant window and door industry. The Company's impact-resistant products, most of which are marketed under the WinGuard brand name, combine heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris by maintaining their structural integrity and preventing penetration by impacting objects. It manufactures complete lines of premium, fully customizable aluminum and vinyl windows and doors and porch enclosure products targeting both the residential new construction and repair and remodeling end markets. WinGuard is its impact-resistant product line and combines heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris that satisfy increasingly stringent building codes and mainly target hurricane-prone coastal states in the U.S., as well as the Caribbean and Central America. The Company offers a complete line of fully customizable, non-impact-resistant aluminum frame windows and doors. These products mainly target regions with warmer climates, where aluminum is often preferred due to its ability to withstand higher temperatures and humidity. Additionally, the Company offers a complete line of fully customizable, non-impact-resistant vinyl frame windows and doors mainly targeting regions with colder climates, where the energy-efficient characteristics of vinyl frames are critical. In early 2009, the Company introduced SpectraGuard, a line of vinyl replacement windows combining energy performance and protection with wood-like detail. Similar to WinGuard, Architectural Systems products are impact-resistant, offering protection from hurricane-force winds and wind-borne debris for mid- and high-rise buildings rather than single family homes.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Sales 1,504,240 1,491,950 1,161,460 882,620 744,960
Sales Growth +0.82% +28.45% +31.59% +18.48% +6.65%
Net Income 107,400 98,880 26,800 45,110 43,690
Net Income Growth +8.62% +268.96% -40.59% +3.25% -18.99%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Total Assets 1,577,880 1,640,250 1,460,610 1,062,520 922,730
Total Assets Growth -3.80% +12.30% +37.47% +15.15% +7.03%
Total Liabilities 918,010 1,012,230 931,510 577,390 491,190
Total Liabilities Growth -9.31% +8.67% +61.33% +17.55% +3.06%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Operating Cash Flow 196,890 196,370 63,680 75,500 81,220
Operating Cash Flow Growth +0.26% +208.37% -15.66% -7.04% -19.03%
Net Cash Flow -33,840 -29,600 -4,170 3,080 44,590
Change in Net Cash Flow -14.32% -609.83% -235.39% -93.09% +139.47%
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