PGT Innovations gains after beat-and-raise quarter

PGT Innovations

26/07/2022 17:28

** Shares of PGT Innovations Inc  PGTI.N  rise 7.4% to
$20.41 in afternoon trade
    ** PGTI's Q2 revenue and profit sail past Refinitiv IBES
estimates on growth in demand for its impact-resistant doors and
windows  urn:newsml:reuters.com:*:nBw1G5nn1a
    ** Company raises 2022 sales forecast to between $1.45 bln
and $1.53 bln vs prior expectations of between $1.35 bln and
$1.45 bln
    ** Sales growth was boosted by past acquisitions, says
company
    ** Stock down 9% YTD

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))