N. VENICE, Fla.--(BUSINESS WIRE)--Executives from PGT Innovations (NYSE: PGTI) rang the closing bell yesterday, July 31, 2017, at the New York Stock Exchange (NYSE). This occasion recognized PGT Innovations as one of the newer members of the Big Board.
The PGT Innovations name represents the company’s forward-looking brand and dedication to pioneering the next generation of products. The name also unites its three manufacturing brands – CGI®, PGT® Custom Windows + Doors, and WinDoor®.
"As our company continues to grow, we believe that our listing on the NYSE will further raise the profile of our company and strengthen the value of our brand," said Jeff Jackson, President and Chief Operating Officer, PGT Innovations. "It reflects the changes we are making in our organization to expand our opportunities for growth and increase value for our shareholders."
This was PGT Innovations’ second visit to the stock exchange. Last October, PGT Innovations executives rang the bell at the Nasdaq to mark the company’s 10-year anniversary as a public company.
Mr. Jackson and fellow executives, Rod Hershberger, CEO and Chairman of the Board; Brad West, Senior Vice President and CFO; Debbie LaPinska, Vice President, Human Resources; Danielle Mikesell, Vice President, Marketing and Innovation; Brent Boydston, Vice President, Sales; Bob Keller, Vice President and General Manager, PGT Windows + Doors; and Daryl Hendricks, Senior Vice President of Operations, CGI and WinDoor, visited the stock exchange.
About PGT Innovations
PGT Innovations, headquartered in North Venice, Florida, with over 2700 employees statewide, creates value through deep customer relationships, understanding the unstated needs of an industry, a drive to create the strongest, safest products on the market, and a commitment to always moving forward. The Company's trusted brands include CGI®, PGT® Custom Windows & Doors, and WinDoor®. PGT Innovations is the nation’s largest manufacturer of impact-resistant windows and doors, holds the leadership position in its primary market, and is part of the S&P SmallCap 400 Index. For additional information, visit www.pgtinnovations.com.
Forward-Looking Statements
This press release may contain statements that constitute “forward-looking statements” as defined under federal securities laws of the United States. Generally, words such as “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which are not historical in nature. These forward looking statements relate to, among other things: (i) the impact that our name change will have on the Company’s profile, brand and performance; (ii) the impact the listing of our common stock on the NYSE will have on the Company’s profile, brand, and performance; and (iii) the outcome of these and other changes the Company is making to expand its growth opportunities and increase shareholder value. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. These risks include, but are not limited to:
- Changes in new home starts and home remodeling trends
- The economy in the United States generally and in Florida, in particular, where the substantial portion of our sales are generated
- Raw material prices, especially aluminum and vinyl
- Transportation costs
- Our level of indebtedness
- Our dependence on our impact-resistant product lines
- Our ability to successfully integrate acquisitions, such as our acquisitions of CGI® Windows & Doors Holdings, Inc. and WinDoor®, Inc.
- Product liability and warranty claims
- Federal and state regulations,
- Our dependence on our manufacturing facilities; and
- Other risks discussed in our Company’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended January 2, 2016 and our subsequently filed quarterly reports on Form 10-Q, which are available from the SEC.
You should not place undue reliance on forward looking statements, which speak only as of the date they are made. The Company does not undertake any obligation to update any forward-looking statement to reflect the impact of subsequent events or circumstances.