PGT Innovations, Inc.: Initiation Of Coverage – Maintaining A Robust Growth Trajectory Despite Market Uncertainties!

In the third quarter of 2023, PGT Innovations displayed a strong financial performance despite operating in an unpredictable market environment. The company’s balanced exposure to new construction and repair and remodeling channels has enabled them to deliver consistent record sales and impressive profits over the year. By combining a continued focus on operational efficiency and productivity, PGT Innovations managed to achieve a total revenue of $400 million and an adjusted EBITDA of $78 million in the third quarter.