PGT, Inc. (NASDAQ:PGTI)
A manufacturer of impact-resistant aluminum and vinyl-framed windows and doors and offers a range of fully customizable window and door products.
- Quote
- Commentary
- Scorecard
- Historical Prices
- Chart
- Stats
- Ratios
- Earnings/Growth Rates
- Statements
- SEC Filings
Recs
Bet on new construction!
Recs
Until I see 2013 I can' t think to buy yet but it seems to sh but once product gets oow growth in is seasonal path and that though slowing once 2013 mont.hs shows up probably next but rebuilding from last year and morebuilding in U.S growtcatch up with materials sales.month. Go for it if your ready to invest.. No dividend as of yet
Recs
bet your life on it!
Recs
R3k,< $9/sh,T$xA&n,H1,SpecialUP or C2,MwA&n,
Recs
Housing picking up so will this stock
Recs
hurricanes never go out of style
Recs
Window mfg hurt by housing industry. As hurricane predictions come out for 2008 and scare people this stock will rise but not right now.
Recs
people are not spending
Recs
Demand for all products decreasing due slow down in new construction,lack of hurricanes and quality issues.Stiff competition from Jeld-Wenn,Simonton,Pella,and Anderson.Decrease in sales may reach 5 year low.
Recs
PGT is a manufacturer and supplier of residential impact-resistant windows and doors. The company manufactures a line of customizable aluminum and vinyl windows and doors, and porch-enclosure products. These products are sold to both the residential new construction, and home repair and remodeling end markets.
The potential for windows and doors market is largely influenced by construction of new home. The U.S. housing market has slowed down remarkably after reaching its peak in 2005. By the fourth quarter 2006, housing starts for U.S. markets decreased 48%, while the repair and remodeling showed modest growth. It seems that this slump in housing industry is expected to continue with an anticipated 12% decline in total housing starts.
PGT has been a victim of this adverse housing environment, which has resulted in a worst possible performance for the company during its life. The company’s fourth quarter revenue tumbled down by 22.6% and its gross margin hit the bottom at 28.8%, a decrease of 952 basis points. However, the company asserts that it has been able to lower its decline in revenue growth by increasing its repairs and replacement business. But this segment contributes 41% to the total sales, while the rest comes from serving to new residential construction.
The modest growth in repairs and remodeling industry makes it difficult for the company to command a respectable growth even if it shifts its business mix to dole out more towards repairs and renewal segment. PGT should perform well when the housing cycle rebounds, but this recovery seems to be long hectic journey. For the time being, it would be better for the investors to stay out of PGT.
Recs
RECENT IPO GREAT COMPANY WITH SOLID MANAGEMENT STRONG PATENT ON HURRICANE RESISTANT/SECURITY PROVEN WINDOWS AND DOORS
RSS Headlines
Fool UK
- Show Me:
-
Outperform
-
Underperform
-
All
- Sort by:
-
Author
-
Recs
-
Date
-
Member Rating
-
Results 1 - 11 of 11