Posts Tagged ‘ PGT Innovations Inc. ’

PGTI Backs Out on Masonite for New $3.1 Billion Deal

Jan 17th, 2024

After a buyout turned merry-go-round for Venice, Florida-based PGT Innovations Inc., officials announced Wednesday they’ve reached a final deal with Miter Brands—more “final” than the deal they made with Masonite in December, it seems. Masonite issued a press release announcing the termination of its agreement to purchase PGTI, instead pocketing an $84 million fee. The […]

Miter Makes Another Offer on PGT Innovations

Dec 14th, 2023

Miter Brands faced another rejection from PGT Innovations Inc. this week, after the company returned with a second offer for buyout, Reuters reported. The latest $2.2 billion offer follows a $1.9 billion bid in October 2023. Reuters based its reporting on “people familiar with the situation,” who are “requesting anonymity because the matter is confidential,” […]

PGT Innovations’ CEO named to Florida 500 List

Dec 11th, 2023

Jeff Jackson, president and CEO of PGT Innovations Inc., was recently named to Florida Trend’s Florida 500 list, an annual section that highlights Florida’s most influential business leaders. A company press release indicates this is the second year that Jackson has been chosen for the selective guide. Spanning 60 categories, 500 executives were selected based […]

PGT Innovations Wins Top 10 Executive Team Award by OnConferences

Nov 15th, 2023

PGT Innovations Inc. recently received a Top 10 Executive Team Award from OnConferences, a community of top executive leaders. The award was presented amid the group’s 2023 OnCon Icon Awards. The manufacturer was chosen from roughly 225 finalists that participated in the voting process. OnConferences defined an executive team as an organization’s C-Suite that has […]

PGT Innovations appoints Craig Henderson as Chief Financial Officer

Nov 9th, 2023

PGT Innovations Inc. has announced the appointment of Craig Henderson as senior vice president and chief financial officer. As chief financial officer, Henderson will lead the company’s finance strategy, budgeting and planning, accounting, financial reporting, and investor relations functions. Henderson joined PGT Innovations in 2021 as vice president of finance and has been serving as […]

Miter Brands Just Offered $1.9 Billion for PGTI, According to Reuters

Oct 10th, 2023

Miter Brands (MI Windows and Doors, Milgard Windows and Doors) tendered an offer of $1.9 billion, in an attempt to acquire Venice, Fla.-based PGT Innovations Inc., according to Reuters. An article posted by the news outlet Tuesday, October 10, said PGTI’s board of directors turned down the “fully-financed $33-per-share offer,” deeming it “inadequate.” Reuters based […]

PGT Innovations Announces Over $11 Million in Grant of Equity to Team Members

Sep 13th, 2023

PGT Innovations Inc. recently announced a grant of equity to all eligible PGT Innovations team members based on each employee’s tenure. “PGT Innovations has experienced significant growth over the past four years, and we are committed to the strategy of expanding our family of brands and transforming manufacturing operations,” said Jeff Jackson, president and CEO. […]

PGTI Reports “Strong” First Quarter 2023 Results

May 15th, 2023

PGT Innovations Inc. (PGTI) has announced first-quarter financial results for the period ended April 1, 2023. Among those results are net sales, which are reported to have totaled $377 million, an increase of 5% over the same time frame last year. The company’s net income reportedly was $34 million, an increase of 44% over last […]

Recent Financial Reports Reiterate Positive Outlook

Feb 13th, 2023

While most publicly traded door and window companies won’t announce fourth-quarter results until late February, a third-quarter report filed last week by NSG Group (parent company to Pilkington) shows what officials are calling a “remarkable” revenue increase from architectural glass for the period ending March 31, 2023. The news from NSG adds to another third-quarter […]

PGT Innovations Acquires Martin Door

Oct 18th, 2022

PGT Innovations Inc., has announced that it has acquired Martin Door Holdings Inc., a custom manufacturer of premium overhead garage doors and hardware serving the Western U.S. residential and commercial markets. The transaction is part of PGT Innovations’ move into adjacent building product categories that complement its current portfolio of door and window brands. The […]