The 10-second takeaway
For the quarter ended Sep. 29 (Q3), PGT missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share increased.
Margins grew across the board.
PGT logged revenue of $44.7 million. The one analyst polled by S&P Capital IQ anticipated revenue of $47.6 million on the same basis. GAAP reported sales were 2.2% lower than the prior-year quarter's $45.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.05. The one earnings estimate compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS of $0.05 for Q3 were much higher than the prior-year quarter's $0.00 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.1%, 550 basis points better than the prior-year quarter. Operating margin was 8.2%, 490 basis points better than the prior-year quarter. Net margin was 6.1%, 560 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $38.8 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $171.0 million. The average EPS estimate is $0.13.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 34 members out of 52 rating the stock outperform, and 18 members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give PGT a green thumbs-up, and four give it a red thumbs-down.
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