PGT: Q1 Earnings Snapshot
By AP News
Published - May 11, 2023, 07:54 AM ET
Last Updated - Jun 21, 2023, 08:40 PM EDT
NORTH VENICE, Fla. (AP) — NORTH VENICE, Fla. (AP) — PGT Inc. (PGTI) on Thursday reported first-quarter net income of $33.6 million.
The North Venice, Florida-based company said it had profit of 54 cents per share. Earnings, adjusted for one-time items, came to 56 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The maker of windows and doors posted revenue of $376.8 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $378.8 million.
