PGT Innovations Named on Forbes’ America's Most Successful Small-Cap Companies List
25 Enero 2024 - 9:10AM
Business Wire
PGT Innovations, Inc. (NYSE: PGTI), a national brand and
innovation leader in the fenestration and garage door industries,
was recently named on Forbes' 2024 America’s Most Successful
Small-Cap Companies list.
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Jeff Jackson, President and CEO of PGT
Innovations (Photo: Business Wire)
The complete list includes 100 U.S. companies across 22 industry
categories. At no. 71, PGT Innovations ranked among 13 other
organizations in the construction category. This is the fourth
consecutive year the company has been selected to the list.
“We are honored to be recognized on this list for another year
and to be included alongside other successful U.S. companies across
various industries,” said Jeff Jackson, President and CEO of PGT
Innovations. “We have experienced tremendous growth since our
company’s inception in 1980, and particularly over the past 10
years with a compound annual growth rate (CAGR) of 24 percent in
sales and 26 percent in profit. This performance is a testament to
our team’s commitment to excellence and strategic foresight, and we
are immensely grateful to the more than 5,500 team members across
our family of brands who have contributed to this achievement.”
To produce its list, Forbes used data from FactSet to identify
389 companies that had positive sales growth over the past 12
months and a share price of at least $5. Financial institutions,
REITs, utilities, royalty trusts and limited partnerships were
excluded, as were companies that have been public for less than one
year. The stocks were ranked based on earnings growth, sales
growth, return on equity, and total stock return for the latest 12
months available and over the last five years.
PGT Innovations has demonstrated consistent, significant growth
in recent years, with CAGRs of 23.93 percent in net sales and 27.09
percent in net income from 2012 to 2022. Other notable
accomplishments for the national leader include acquiring five
companies in four states over five years; expanding existing
operations with two new facilities; and opening nine new retail
stores in five states over three years.
In 2023, PGT Innovations also made several milestone
announcements, including a first-of-its-kind collaboration with
Corning Incorporated to produce next-generation glass technology,
the launch of Diamond Glass production at its Venice headquarters,
the introduction of next-generation thin triple insulated glass
units (IGU) as a glass package option within its PGT Custom Windows
and Doors’ EnergyVue window product line, and the establishment of
Triple Diamond GlassTM, a new state-of-the-art facility
strategically located in Prince George, Virginia.
About PGT Innovations, Inc.
PGT Innovations is a national brand and innovation leader in the
fenestration and garage door industries. The company’s portfolio
includes highly engineered and technically advanced products that
can withstand some of the toughest weather conditions on Earth and
are revolutionizing the way people live by unifying indoor and
outdoor living spaces.
PGT Innovations creates value through deep customer
relationships, understanding the unstated needs of the markets it
serves, and a drive to develop category-defining products. Through
its brands, PGT Innovations is also the nation’s largest
manufacturer of impact-resistant windows and doors and holds the
leadership position in its primary market.
The PGT Innovations family includes Triple Diamond Glass™, a
wholly owned subsidiary, and brands CGI®, PGT®Custom
Windows and Doors, WinDoor®, Western Window Systems, Anlin
Windows & Doors, Eze-Breeze®, Eco Window Systems,
NewSouth Window Solutions, and Martin Door. The company’s brands,
in their respective markets, are a preferred choice of architects,
builders, and homeowners throughout North America and the
Caribbean. Their high-quality products are available in custom and
standard sizes with massive dimensions that allow for unlimited
design possibilities in residential, multi-family, and commercial
projects. For additional information, visit
www.pgtinnovations.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240125784373/en/
PGT Innovations Contact Media Relations Tyler Stover, Sr.
Communications Specialist TStover@PGTIndustries.com
941-480-1600
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