PGT Innovations, Inc. (NYSE:PGTI) Q3 2019 Earnings Conference Call Transcript

Nov 07, 2019 • 10:30 am ET

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PGT Innovations, Inc. (NYSE:PGTI) Q3 2019 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Good day and welcome to the PGT Innovations Inc Third Quarter 2019 Earnings Call. [Operator Instructions] After today's presentation there will be an opportunity to ask question. [Operator Instructions] I would now like to turn the conference over to Sherry Baker . Please go ahead.

Executive
Sherri Baker

Thank you, Good morning everyone and thank you for joining us on the call today. On the Investors section of the company's website you will find the earnings press release with our third quarter 2019 results as well as the slide presentation we have posted to accompany today's discussion. This webcast is being recorded and will be available for replay on the company's website. Before we begin our prepared remarks please direct your attention to the disclosure statement on slide two of the presentation as well as the disclaimers included in the press release related to forward-looking statements. Today's remarks contain forward-looking statements including statements about our updated 2019 guidance that may involve risks uncertainties and other factors that could cause actual results to differ materially. This disclaimer is a brief summary of the company's statutory forward-looking statements disclaimer which is included in the company's filings with the SEC. Additionally on slide three you should also note that we report results using non-GAAP measures which we believe provide additional information for investors to help facilitate comparison of prior and present performance. A reconciliation to the most directly comparable GAAP measures is included in the tables attached to the earnings release and in the appendix of the slide presentation. I am joined today by PGT Innovations CEO and President Jeff Jackson and Brad West Senior Vice President of Corporate Development and Treasurer. After our prepared remarks we will be available to take your questions.

I will now hand the call over to Jeff for opening remarks.

Executive
Jeffrey T. Jackson

Thank you Sherri and good morning everyone, Before going into our third quarter results each quarter I'll provide an overview of our strategic plan for those of you who are new to the PGT Innovation story. slide four provides a summary of our four strategic pillars that we execute against to create long-term value for our shareholders as well as our customers. Our first pillar is to place our customers at the center of our business by delivering exceptional products and exceptional service before during and after the sale. We believe customer loyalty across our portfolio of brands which in turn drives the sales growth. Our second pillar addresses our belief that succeeding in a competitive market requires that we have the best talent. Our success is ultimately accomplished by having a highly capable and dedicated team of employees which is why we continually strive to retain the best people and make our company an incredible place to build in a career. A third pillar and investing in our business operations to meet expected increases in demand while continuingly to build the very best products that our customers demand. We recently held a grand opening of our iLab Innovation facility based