PGT: 2Q Earnings Snapshot
NORTH VENICE, Fla. (AP) _ PGT Inc. (PGTI) on Monday reported second-quarter net income of $22.5 million.
The North Venice, Florida-based company said it had net income of 43 cents per share. Earnings, adjusted for non-recurring gains, were 41 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The maker of windows and doors posted revenue of $169.3 million in the period.
PGT expects full-year earnings to be 95 cents to $1.10 per share, with revenue in the range of $580 million to $600 million.
PGT shares have risen 41 percent since the beginning of the year. The stock has risen 83 percent in the last 12 months.