) has announced a partnership with
). Under the collaboration, the communities of PulteGroup in
South Florida will feature PGT's line of impact-resistant
PulteGroup, through its subsidiaries, engages in homebuilding and
financial services. Pulte Homes, Centex, DiVosta and Del Webb are
in the brand portfolio of PulteGroup. As per the deal, PulteGroup
will underscore impact-resistant windows and doors of PGT in some
of its communities located in Sarasota, Venice, Naples, Ft.
Myers, Jupiter, Stuart, Vero Beach and Palm Beach.
PGT's WinGuard Impact-Resistant products meet the most stringent
requirements for hurricane-force winds and flying debris. These
custom windows help in providing security against thieves and
intruders, reduce outdoor noise and filter out 99% of UV
The collaboration is in sync with PGT's commitment to provide
better quality products, prompt delivery and superb customer
service. The partnership will also assist PulteGroup in meeting
product needs of various communities.
PGT, which belongs to the building and construction industry,
), posted first-quarter 2013 adjusted earnings of 6 cents per
share compared with the prior-year loss of a penny per share. The
results were ahead of the Zacks Consensus Estimate of 3 cents.
Net sales also improved 30% year over year to $50 million in the
first quarter, beating the Zacks Consensus Estimate of $46
million. The top-line increase was due to improved market
conditions, driven by macroeconomic factors such as lower
unemployment, better access to credit and improved housing prices
as well as focus on promotional programs targeting the WinGuard
products of the company.
PGT is optimistic about the opportunities to leverage sales and
advertising campaigns, which will drive brand awareness in a
growing building and construction market. The company also
expects solid year-over-year sales growth of 37% in the second
quarter of 2013, driven by improved marketing conditions and
investments in promotions, television and radio advertising.
North Venice, Fla.-based PGT is the leading U.S. manufacturer and
supplier of residential impact-resistant windows and doors. PGT's
product line includes a variety of aluminum and vinyl windows and
doors, which are ideal for new construction and replacement
projects serving the residential, commercial, high-rise and
PGT currently retains a short-term Zacks Rank #2 (Buy).
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