PGT reports 2008 Q4 and fiscal year results

Market Watch
February 19, 2009
COMMERCIAL

PGT Inc. today announced financial results for its fourth quarter and year ended Jan. 3, 2009.

"The tightening of credit from the mortgage crisis was one of several factors that took a firm grip on the economy in the fourth quarter causing substantial downward pressure on the home building industry. New home construction slowed to a pace not seen in two decades. Housing starts were down 38 percent in our core market in the fourth quarter of 2008 compared to 2007, and our sales decreased 9.3 percent," said Rod Hershberger, president and CEO, in a Feb. 18 Market Watch report.

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