PGT Innovations, Inc.

NYSE:PGTI Stock Report

Market Cap: US$2.4b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

PGT Innovations Past Earnings Performance

Past criteria checks 3/6

PGT Innovations has been growing earnings at an average annual rate of 21.5%, while the Building industry saw earnings growing at 12.9% annually. Revenues have been growing at an average rate of 18.2% per year. PGT Innovations's return on equity is 16.7%, and it has net margins of 7.1%.

Key information

21.47%

Earnings growth rate

19.92%

EPS growth rate

Building Industry Growth13.32%
Revenue growth rate18.24%
Return on equity16.69%
Net Margin7.14%
Last Earnings Update30 Dec 2023

Recent past performance updates

Recent updates

Analysis Article • Dec 14

Here's Why We Think PGT Innovations (NYSE:PGTI) Might Deserve Your Attention Today

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Seeking Alpha • Dec 11

The Prognosis For PGT Innovations

Summary Today, we take a look at building supply concern PGT Innovations, Inc., which reportedly rejected a buyout offer two months ago. The company posted solid Q3 results in early November, produced record operating cash flow, and continues to buy back its own stock. Can the recent rally in PGT Innovations, Inc. shares continue? An analysis follows in the paragraphs below. Read the full article on Seeking Alpha
Analysis Article • Nov 25

Is PGT Innovations, Inc. (NYSE:PGTI) Potentially Undervalued?

PGT Innovations, Inc. ( NYSE:PGTI ), is not the largest company out there, but it saw a significant share price rise of...
Analysis Article • Oct 14

An Intrinsic Calculation For PGT Innovations, Inc. (NYSE:PGTI) Suggests It's 33% Undervalued

Key Insights PGT Innovations' estimated fair value is US$46.06 based on 2 Stage Free Cash Flow to Equity PGT...
Analysis Article • Sep 29

Is PGT Innovations (NYSE:PGTI) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Seeking Alpha • Sep 29

PGT Innovations: Heavy Storms Driving Growth, Stock Likely To Outperform

Summary PGT Innovations produces heavy-duty windows for protection against hurricanes and strong winds. The company has a low valuation with strong expected earnings growth, potentially driving the stock for significant gains. The markets for PGTI's products, including impact-resistant glass, are expected to grow in the next five years, providing a tailwind for revenue growth. Read the full article on Seeking Alpha
Seeking Alpha • Sep 13

PGT Innovations: Optimistic On Volume Outlook And Valuation Has Gotten Cheaper

Summary I upgraded my rating to a buy due to the valuation becoming more attractive and my positive outlook for volume growth. Recent results show improvement in sales guidance and pricing contribution, suggesting a more manageable volume decline. Anticipation of increased demand for impact-resistant products post-Hurricane Ian and investments in production capabilities set the stage for future growth. Read the full article on Seeking Alpha
Analysis Article • Sep 10

Should You Be Adding PGT Innovations (NYSE:PGTI) To Your Watchlist Today?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Seeking Alpha • Aug 23

PGT Innovations: Long-Term Tailwinds But Intensifying Competition

Summary PGT Innovations is a leading manufacturer of impact-resistant windows and doors in the US. The company is losing market share to competitor Tecnoglass due to its cost advantage. Despite this, the structural growth trend in extreme weather conditions will fuel growth for both companies. Read the full article on Seeking Alpha
Analysis Article • Jul 19

Is There Now An Opportunity In PGT Innovations, Inc. (NYSE:PGTI)?

While PGT Innovations, Inc. ( NYSE:PGTI ) might not be the most widely known stock at the moment, it saw a decent share...
Analysis Article • Jun 21

Is PGT Innovations (NYSE:PGTI) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jun 06

If EPS Growth Is Important To You, PGT Innovations (NYSE:PGTI) Presents An Opportunity

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Apr 01

An Intrinsic Calculation For PGT Innovations, Inc. (NYSE:PGTI) Suggests It's 32% Undervalued

Key Insights PGT Innovations' estimated fair value is US$37.18 based on 2 Stage Free Cash Flow to Equity PGT...
Seeking Alpha • Feb 22

PGT Innovations Non-GAAP EPS of $0.27 in-line, revenue of $340.93M beats by $8.93M, initiates Q1 outlook

PGT Innovations press release (NYSE:PGTI): Q4 Non-GAAP EPS of $0.27 in-line. Revenue of $340.93M (+12.0% Y/Y) beats by $8.93M. Q1 guidance: Net sales in the range of $370 million to $390 million vs consensus of $365.28M. Adjusted EBITDA* in the range of $60 million to $64 million.
Analysis Article • Feb 21

Is PGT Innovations (NYSE:PGTI) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • Feb 01

PGT Innovations: Best Nearby Building Industry Capital Gain Prospect

Summary Forecasts of its price change come from hedging actions taken to protect at-risk capital ventured by best-informed, experienced market-making community. Prior market outcomes of same-as-today’s forecast R/R balance measured by odds for and size of profitability, length of holding required, interim worst loss exposure. Comparison with over 3,000 equity alternatives, on same tests of their prior outcomes of their as seen-today forecasts for how big, how sure, how soon net benefits may be likely. Our standard of Market-Maker Near-term best Price Range Forecasts is used to select the subject, but we compare it to differently chosen alternative investment candidates. Alternatives include those identified by Yahoo Finance as being “similar to” the subject, or stocks which “people also watch” as well as the subject. Investment Thesis We look to the hedging actions of Market-Makers to protect their at-risk capital endangerment required by the automation achieved by markets in serving a continuing flow of individual investor small trades instead of irregular huge-value “institutional” transactions. The pricing and structure of such hedges reveal the coming-price expectations of both the MM protection-buyers and that of the MM industry protection-sellers. Our selection of PGT Innovations, Inc. (PGTI) is prompted by its currently-attractive stock pricing coupled by a large following of Seeking Alpha readers. Description of the Subject Company Activities “PGT Innovations, Inc., together with its subsidiaries manufactures and supplies impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones. The company serves window distributors, building supply distributors, window replacement dealers, and enclosure contractors. The company was formerly known as PGT, Inc. and changed its name to PGT Innovations, Inc. in December 2016. PGT Innovations, Inc. was founded in 1980 and is headquartered in North Venice, Florida.” Source: Yahoo Finance Yahoo Finance These growth estimates have been made by and are collected from Wall Street analysts to suggest what conventional methodology currently produces. Here there was limited analyst coverage. The typical variations across forecast horizons of different time periods illustrate the difficulty of making value comparisons when the forecast horizon is not clearly defined. Risk~Reward Comparisons of Portfolio Investment Candidates Figure 1 blockdesk.com (used with permission) The tradeoffs here are between near-term upside price gains (green horizontal scale) seen worth protecting against by Market-makers with short positions in each of the stocks, and the prior actual price drawdowns experienced during holdings of those stocks (red vertical scale). Both scales are of percent change from zero to 25%. The intersection of those coordinates by the numbered positions is identified by the stock symbols in the blue field to the right. The dotted diagonal line marks the points of equal upside price change forecasts derived from Market-Maker [MM] hedging actions and the actual worst-case price drawdowns from positions that could have been taken following prior MM forecasts like today's. Our principal interest is in PGTI at location [14]. A "market index" norm of reward~risk tradeoffs is offered by SPDR S&P500 index ETF at [8] in an unusually poor competitive condition. Those forecasts are implied by the self-protective behaviors of MMs who must usually put firm capital at temporary risk to balance buyer and seller interests in helping big-money portfolio managers make volume adjustments to multi-billion-dollar portfolios. The protective actions taken with real-money bets define daily the extent of likely expected price changes for thousands of stocks and ETFs. This map is a good starting point, but it can only cover some of the investment characteristics that often should influence an investor's choice of where to put his/her capital to work. The table in Figure 2 covers the above considerations and several others. Comparing Alternative Investments Figure 2 blockdesk.com (used with permission) Column headers for Figure 2 define elements for each row stock whose symbol appears at the left in column [A]. The elements are derived or calculated separately for each stock, based on the specifics of its situation and current-day MM price-range forecasts. Data in red numerics are negative, usually undesirable to “long” holding positions. Table cells with pink background “fills” signify conditions typically unacceptable to “buy” recommendations. Yellow fills are of data for the stock of principal interest and of all issues at the ranking column, [R]. Readers familiar with our analysis methods may wish to skip to the next section viewing price range forecast trends for PGTI. Figure 2’s purpose is to attempt universally comparable answers, stock by stock, of a) How BIG the price gain payoff may be, b) how LIKELY the payoff will be a profitable experience, c) how soon it may happen, and d) what price drawdown RISK may be encountered during its holding period. The price-range forecast limits of columns [B] and [C] get defined by MM hedging actions to protect firm capital required to be put at risk of price changes from volume trade orders placed by big-$ "institutional" clients. [E] measures potential upside risks for MM short positions created to fill such orders, and reward potentials for the buy-side positions so created. Prior forecasts like the present provide a history of relevant price draw-down risks for buyers. The most severe ones actually encountered are in [F], during holding periods in effort to reach [E] gains. Those are where buyers are most likely to accept losses. [H] tells what proportion of the [L] sample of prior like forecasts have earned gains by either having price reach its [B] target or be above its [D] entry cost at the end of a 3-month max-patience holding period limit. [ I ] gives the net gains-losses of those [L] experiences and [N] suggests how credible [E] may be compared to [ I ]. Further Reward~Risk tradeoffs involve using the [H] odds for gains with the 100 - H loss odds as weights for N-conditioned [E] and for [F], for a combined-return score [Q]. The typical position holding period [J] on [Q] provides a figure of merit [fom] ranking measure [R] useful in portfolio position preferencing. Figure 2 is row-ranked on [R] among candidate securities, with PGTI yellow-row identified.
Analysis Article • Jan 26

With EPS Growth And More, PGT Innovations (NYSE:PGTI) Makes An Interesting Case

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Jan 12

Is PGT Innovations, Inc. (NYSE:PGTI) Potentially Undervalued?

PGT Innovations, Inc. ( NYSE:PGTI ), might not be a large cap stock, but it saw a decent share price growth in the...
Analysis Article • Dec 06

Is PGT Innovations, Inc. (NYSE:PGTI) Trading At A 49% Discount?

In this article we are going to estimate the intrinsic value of PGT Innovations, Inc. ( NYSE:PGTI ) by taking the...
Seeking Alpha • Nov 10

PGT Innovations Non-GAAP EPS of $0.55 beats by $0.02, revenue of $386M beats by $1.02M

PGT Innovations press release (NYSE:PGTI): Q3 Non-GAAP EPS of $0.55 beats by $0.02. Revenue of $386M (+28.5% Y/Y) beats by $1.02M. Q3 adj EBITDA was $68M, up 58% from a year ago. Cash at the end of Q3 was $219M. Expects FY2022 net sales in the range of $1.460B to $1.490B  and adj EBITDA of $245M to $255M. “While our facilities were not damaged, storm-related disruptions caused approximately $12 million of third-quarter sales to be deferred.” - President and CEO Jeff Jackson
Seeking Alpha • Oct 17

PGT Innovations acquires Martin Door for $185M

PGT Innovations (NYSE:PGTI) has acquired Martin Door for a purchase price of ~$185M. Martin, manufacturer garage doors and is headquartered in Salt Lake City, UT. Martin will operate under the Western Division of PGT Innovations. Martin’s CEO Scott Huntsman will remain with the company and assume the role of President of Martin Doors. Martin is expected to generate sales of ~$60M expected in 2022. Expected to be immediately accretive to EBITDA margin, accretive to adjusted EPS within first year. Company entered into a new, five-year, $250M Revolving Credit Facility which will be utilized, along with cash on hand, to fund the transaction, as well as extend maturities and create more liquidity to support our continued growth.
Analysis Article • Oct 07

Does PGT Innovations (NYSE:PGTI) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Sep 19

At US$20.18, Is PGT Innovations, Inc. (NYSE:PGTI) Worth Looking At Closely?

PGT Innovations, Inc. ( NYSE:PGTI ), might not be a large cap stock, but it saw a significant share price rise of over...
Seeking Alpha • Jul 26

PGT Innovations Non-GAAP EPS of $0.67 beats by $0.22, revenue of $407M beats by $42.27M

PGT Innovations press release (NYSE:PGTI): Q2 Non-GAAP EPS of $0.67 beats by $0.22. Revenue of $407M (+42.6% Y/Y) beats by $42.27M. Adjusted net income in the second quarter was $41 million, an increase of 278 percent. Adjusted EBITDA in the second quarter was $78 million, an increase of 119 percent. Cash at the end of the second quarter was $159 million, an increase of 66 percent. Net sales in the range of $1.450 billion to $1.525 billion Fiscal Year 2022 Guidance. Adjusted EBITDA in the range of $250 million to $265 million Fiscal Year 2022 Guidance.
Analysis Article • Jul 06

These 4 Measures Indicate That Innovations (NYSE:PGTI) Is Using Debt Reasonably Well

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Jun 15

Is Now The Time To Look At Buying PGT Innovations, Inc. (NYSE:PGTI)?

PGT Innovations, Inc. ( NYSE:PGTI ), is not the largest company out there, but it received a lot of attention from a...

Revenue & Expenses Breakdown

How PGT Innovations makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:PGTI Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Dec 231,5041073660
30 Sep 231,5031143410
01 Jul 231,4891053410
01 Apr 231,5101103550
31 Dec 221,492993550
01 Oct 221,4551023550
02 Jul 221,370653310
02 Apr 221,249352980
01 Jan 221,161272710
02 Oct 211,079222720
03 Jul 211,016462500
03 Apr 21934422280
02 Jan 21883451940
03 Oct 20836382060
04 Jul 20796361940
04 Apr 20791511850
28 Dec 19745441670
28 Sep 19760511750
29 Jun 19761491710
30 Mar 19732551590
29 Dec 18698541510
29 Sep 18643641270
30 Jun 18570561090
31 Mar 18539441020
30 Dec 1751140990
30 Sep 1748624910
01 Jul 1748928900
01 Apr 1747125860
31 Dec 1645924830
01 Oct 1644223800
02 Jul 1641319740
02 Apr 1639518700
02 Jan 1639024680
03 Oct 1538223660
04 Jul 1535819630
04 Apr 1533920590
03 Jan 1530616550
27 Sep 1428419530
28 Jun 1427123520
29 Mar 1425225530
28 Dec 1323927550
28 Sep 1322225510
29 Jun 1320221510
30 Mar 1318615480

Quality Earnings: PGTI has high quality earnings.

Growing Profit Margin: PGTI's current net profit margins (7.1%) are higher than last year (6.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PGTI's earnings have grown significantly by 21.5% per year over the past 5 years.

Accelerating Growth: PGTI's earnings growth over the past year (8.6%) is below its 5-year average (21.5% per year).

Earnings vs Industry: PGTI earnings growth over the past year (8.6%) did not outperform the Building industry 13.7%.

Return on Equity

High ROE: PGTI's Return on Equity (16.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/03/27 01:56
End of Day Share Price 2024/03/27 00:00
Earnings2023/12/30
Annual Earnings2023/12/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PGT Innovations, Inc. is covered by 14 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander RygielB. Riley Securities, Inc.
James WilsonCitizens JMP Securities, LLC
Steven DyerCraig-Hallum Capital Group LLC