PGT Innovations, Inc. (NYSE:PGTI) Q4 2019 Earnings Conference Call - Final Transcript

Feb 25, 2020 • 10:30 am ET


PGT Innovations, Inc. (NYSE:PGTI) Q4 2019 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, good day and welcome to the PGT Innovations Incorporated Fourth Quarter 2019 Earnings Call. Today's conference is being recorded. After today's presentation, there will be an opportunity to ask questions. [Operator Instructions]

I would now like to turn the conference over to PGT Innovations' Chief Financial Officer Sherri Baker. Please go ahead.

Sherri Baker

Thank you, operator. Good morning everyone and thank you for joining us on today's call. On the Investors section of the Company's website, you will find the earnings press release with our fourth quarter and full year 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 2 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 2020 guidance and outlook 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 3 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. After our prepared remarks, we will be available to take your questions. I will now hand the call over to Jeff for opening remarks.

Jeffrey T. Jackson

Thank you, Sherri, and good morning everyone and thank you for joining us today. We have a fair amount of material to cover this morning, but as I do each quarter, I would like to give an overview of our strategic plan for those of you who are new to the PGT Innovations' story.

On Slide 4 we list our four strategic pillars that we strive to execute against and we believe will create value for our shareholders, as well as our customers. Our first pillar is maintaining our focus on our customers who are at the center of our business and committing to deliver exceptional products and services. Our second pillar addresses our belief that our long-term success requires maintaining the best employee talent, which we will certainly strive to attract and maintain the best people. A third pillar is investing in our business operations to meet expected increases in long-term demand in our core markets we serve. We accomplished this through increased operational efficiencies achieved with automation and continuous improvement across our manufacturing facilities. And our fourth pillar is strategic allocation of capital generated from our strong free cash flow.

We are very excited to recently