PGT Innovations Announces Transfer to NYSE
December 14 2016 - 4:00PM
PGT Innovations, Inc. today announced that it is transferring the
listing of its common stock to the New York Stock Exchange (NYSE)
from the NASDAQ Global Market (NASDAQ). The Company's common stock
will begin trading on the NYSE on December 28th, 2016 under its
current ticker symbol "PGTI". The stock will continue to trade on
NASDAQ until the transfer is complete.
"Our Company is moving forward with a new name, PGT Innovations,
and now a new stock market listing. This move puts us alongside
many of the world’s finest companies, including many of our key
peers and some of our largest customers and suppliers. We are
honored to be taking our place among them and excited to be part of
the NYSE, the world’s largest stock exchange,” said Jeff Jackson,
President of PGT Innovations. "As our company continues to grow, we
believe that our listing on the NYSE will further raise the profile
of our Company and strengthen the value of our brand. It reflects
the changes we are making in our organization to expand our
opportunities for growth and increase value for our
shareholders.”
“We are delighted that PGT Innovations has chosen to transfer
its listing to the New York Stock Exchange. PGT Innovations, the
nation’s largest manufacturer of impact-resistant windows and
doors, will join our other premier building materials companies who
are proud to be listed on the NYSE,” said John Tuttle, NYSE Global
Head of Listings. “We look forward to providing the unique benefits
of our market, brand and community to the company and its
stockholders.”
About PGT InnovationsPGT Innovations,
headquartered in North Venice, Florida, creates value through deep
customer relationships, understanding the unstated needs of an
industry, a drive to create the strongest, safest products on the
market, and a commitment to always moving forward. The Company's
trusted brands include CGI®, PGT Custom Windows & Doors®, and
WinDoor®. PGT Innovations is the nation’s largest manufacturer of
impact-resistant windows and doors, holds the leadership position
in its primary market, and is part of the S&P SmallCap 400
Index. For additional information, visit
www.pgtinnovations.com.
Forward-Looking Statements
This press release may contain statements that constitute
“forward-looking statements” as defined under federal securities
laws of the United States. Generally, words such as
“believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,”
“will” and similar expressions identify forward-looking statements,
which are not historical in nature. These forward
looking statements relate to, among other things: (i) the
impact that our name change will have on the Company’s profile,
brand and performance; (ii) the impact the listing of our common
stock on the NYSE will have on the Company’s profile, brand, and
performance; and (iii) the outcome of these and other changes the
Company is making to expand its growth opportunities and increase
shareholder value. Forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from the Company’s historical experience and our
present expectations or projections. These risks include, but are
not limited to:
- Changes in new home starts and home remodeling trends
- The economy in the United States generally and in Florida, in
particular, where the substantial portion of our sales
are generated
- Raw material prices, especially aluminum and vinyl
- Transportation costs
- Our level of indebtedness
- Our dependence on our impact-resistant product lines
- Our ability to successfully integrate acquisitions, such as our
acquisitions of CGI® Windows & Doors Holdings, Inc. and
WinDoor®, Inc.
- Product liability and warranty claims
- Federal and state regulations,
- Our dependence on our manufacturing facilities; and
- Other risks discussed in our Company’s filings with the
Securities and Exchange Commission, including our Annual Report on
Form 10-K for the year ended January 2, 2016 and our subsequently
filed quarterly reports on Form 10-Q, which are available from the
SEC.
You should not place undue reliance on forward looking
statements, which speak only as of the date they are made.
The Company does not undertake any obligation to update any
forward-looking statement to reflect the impact of subsequent
events or circumstances.
Media Relations Contact:
PGT Innovations
Danielle Mikesell
Vice President, Marketing & Innovation
Office: 941-480-1600
DMikesell@PGTInnovations.com
Investor Relations Contact:
PGT Innovations
Brad West
Chief Financial Officer
Office: 941-480-1600
BWest@PGTInnovations.com
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