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Markets

PGT: Q4 Earnings Snapshot

NORTH VENICE, Fla. (AP) — NORTH VENICE, Fla. (AP) — PGT Inc. (PGTI) on Tuesday reported fourth-quarter earnings of $4.8 million.

By AP News·1 min read·Updated February 20, 2024
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NORTH VENICE, Fla. (AP) — NORTH VENICE, Fla. (AP) — PGT Inc. (PGTI) on Tuesday reported fourth-quarter earnings of $4.8 million.

The North Venice, Florida-based company said it had net income of 8 cents per share. Earnings, adjusted for one-time gains and costs, came to 25 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The maker of windows and doors posted revenue of $342.5 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $339.1 million.

For the year, the company reported profit of $109 million, or $1.83 per share. Revenue was reported as $1.5 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PGTI at https://www.zacks.com/ap/PGTI

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