PGT, Inc.: New Vinyl Window Platform Launch In Q1 2015 Positive For Sales And Margins
- New product launch in Q1 2015 to capitalize on rising demand of vinyl windows and improve margins in vinyl product segment via economies of scale.
- Competitive advantages of core impact resistant windows and doors business validated by superior profitability relative to peers.
- Organic growth opportunities intact, given low industry penetration rate and eventual normalization of Florida housing market.
- Trading at a discount to industry peers despite superior gross margins.
- Potential catalyst will be gross margin uptick in 2015.