PGT Innovations, Inc. (NYSE: PGTI), a national brand and
innovation leader in the fenestration and garage door industries,
announced today the appointment of Craig Henderson as Senior Vice
President and Chief Financial Officer, effective October 31,
2023.
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Craig Henderson, Senior Vice President
and Chief Financial Officer, PGT Innovations (Photo: Business
Wire)
As Chief Financial Officer, Henderson will lead the company’s
finance strategy, budgeting and planning, accounting, financial
reporting, and investor relations functions. Henderson joined PGT
Innovations in 2021 as Vice President of Finance, with
responsibilities for leading the company's budgeting and planning
and investor relations functions, and has been serving as interim
Chief Financial Officer since February 2023.
“Craig has demonstrated exceptional leadership and unwavering
commitment to our company's financial success as interim CFO,” said
Jeff Jackson, President and Chief Executive Officer of PGT
Innovations. “His knowledge of our organization, coupled with his
past experiences, will undoubtedly contribute to our ability to
make well-informed financial decisions, and drive our company
forward with confidence and stability. We look forward to his
continued contributions in this critical role as we embark on the
next phase of our journey towards innovation and growth.”
Henderson holds over 20 years of experience in finance
leadership in both manufacturing and tech companies. Prior to
joining PGT Innovations, he served in multiple financial leadership
positions with Trex Company, Inc., including Director of Financial
Planning and Analysis, Business Development, and Treasurer.
“Being selected to serve as PGT Innovations’ Chief Financial
Officer is an incredible opportunity, and I look forward to our
exciting journey ahead,” said Henderson. “I’m honored and humbled
to have the trust of Jeff and the board of directors, and I look
forward to continuing to lead such a talented and dedicated
organization.”
Henderson received his Bachelor of Business Administration in
accounting from Stetson University.
About PGT Innovations, Inc. PGT Innovations is a national
brand and innovation leader in the fenestration and garage door
industries. The company’s portfolio includes highly engineered and
technically advanced products that can withstand some of the
toughest weather conditions on Earth and are revolutionizing the
way people live by unifying indoor and outdoor living spaces.
PGT Innovations creates value through deep customer
relationships, understanding the unstated needs of the markets it
serves, and a drive to develop category-defining products. Through
its brands, PGT Innovations is also the nation’s largest
manufacturer of impact-resistant windows and doors and holds the
leadership position in its primary market.
The PGT Innovations family includes Triple Diamond Glass™, a
wholly owned subsidiary, and brands CGI®, PGT® Custom
Windows and Doors, WinDoor®, Western Window Systems, Anlin
Windows & Doors, Eze-Breeze®, Eco Window Systems,
NewSouth Window Solutions, and Martin Door. The company’s brands,
in their respective markets, are a preferred choice of architects,
builders, and homeowners throughout North America and the
Caribbean. Their high-quality products are available in custom and
standard sizes with massive dimensions that allow for unlimited
design possibilities in residential, multi-family, and commercial
projects. For additional information, visit
www.pgtinnovations.com.
Forward-Looking Statements This press release contains
"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements can be identified by words such
as: "assume," "believe," "could," "estimate," "expect," "guidance,"
"intend," "many," "positioned," "potential," "project," "think,"
"should," "target," "will," "would" and similar references to
future periods. Examples of forward-looking statements include,
among others, statements we make regarding business growth.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
current beliefs, expectations and assumptions regarding the future
of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following:
- unpredictable weather and macroeconomic factors that may
negatively impact the repair and remodel and new construction
markets and the construction industry generally, especially in the
state of Florida and the western United States, where the
substantial portion of our sales are currently generated, and in
the U.S. generally;
- changes in raw material prices, especially for aluminum, glass,
vinyl, and steel, including, price increases due to the
implementation of tariffs and other trade-related restrictions,
Pandemic-related supply chain interruptions, or interruptions from
the conflict in Ukraine;
- our dependence on a limited number of suppliers for certain of
our key materials;
- our dependence on our impact-resistant product lines, which
increased with the acquisition of Eco Enterprises, LLC ("Eco"), and
contemporary indoor/outdoor window and door systems, and on
consumer preferences for those types and styles of products;
- the effects of increased expenses or unanticipated liabilities
incurred as a result of, or due to activities related to, our
recent acquisitions, including our acquisitions of Martin Door
Holdings, Inc. ("Martin") and Anlin Windows & Doors
("Anlin");
- our level of indebtedness, which increased in connection with
our recent acquisitions, including our acquisitions of Martin and
Anlin;
- increases in credit losses from obligations owed to us by our
customers in the event of a downturn in the home repair and remodel
or new home construction channels in our core markets and our
inability to collect such obligations from such customers;
- the risks that the anticipated cost savings, synergies, revenue
enhancement strategies and other benefits expected from our
acquisitions of Martin and Anlin may not be fully realized or may
take longer to realize than expected or that our actual integration
costs may exceed our estimates;
- increases in transportation costs, including increases in fuel
prices;
- our dependence on our limited number of geographically
concentrated manufacturing facilities, which increased further due
to our acquisition of Eco;
- sales fluctuations to and changes in our relationships with key
customers;
- federal, state and local laws and regulations, including
unfavorable changes in local building codes and environmental and
energy code regulations;
- risks associated with our information technology systems,
including cybersecurity-related risks, such as unauthorized
intrusions into our systems by "hackers" and theft of data and
information from our systems, and the risks that our information
technology systems do not function as intended or experience
temporary or long-term failures to perform as intended;
- product liability and warranty claims brought against us;
- in addition to our acquisitions of Martin and Anlin, our
ability to successfully integrate businesses we may acquire in the
future, or that any business we acquire may not perform as we
expected when we acquired it; and
- the other risks and uncertainties discussed under “Risk
Factors” in Part I, Item 1A of our Annual Report on Form 10-K for
the year ended December 31, 2022, and our other filings with the
Securities and Exchange Commission.
Any forward-looking statement made by us in this press release
is based only on information currently available to us and speaks
only as of the date on which it is made. We undertake no obligation
to publicly update any forward-looking statement, whether written
or oral, that may be made from time to time, whether as a result of
new information, future developments or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20231107803618/en/
PGT Innovations Contact Media Relations Tyler L. Stover,
Sr. Communications Specialist tstover@pgtindustries.com
941-480-1600
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