PGTI Reports 2019 Second Quarter and First Half Results
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PGT, Inc. (PGTI) Misses Q2 EPS by 2c, Revenues Miss; Lowers FY19 EPS Mid-Point Guidance Below Consensus, Lowers FY19 Revenue Guidance Range Below Consensus
August 1, 2019 7:38 AM EDTPGT, Inc. (NYSE: PGTI) reported Q2 EPS of $0.29, $0.02 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $198.57 million versus the consensus estimate of $206.01 million.
Financial Highlights for Second Quarter 2019 versus Second Quarter 2018
Net sales increased 17 percent, to $199 million, including $37 million from Western Window SystemsGross profit grew 22 percent, to $73 millionNet income decreased 24 percent, to $17 millionNet income per diluted share decreased to $0.29, and adjusted net income per diluted share decreased to $0.32; both affected by the higher number of shares outstanding resulting from the 2018 equity... More