Ply Gem Holdings reports sales growth in 2010
Cary, N.C.-based exterior products manufacturer Ply Gem Holdings posted 2010 sales of $995.9 million, up 4.7% from 2009.
Net income for the full year ended Dec. 31, 2010, was $27.7 million, compared with a loss of $76.8 million in the prior year.
“Ply Gem’s fourth-quarter and full-year results continue to reflect the challenging conditions that exist in the housing market today. Despite these challenging market conditions, Ply Gem’s operating performance improved in 2010 with demonstrated sales growth, improved operating earnings and increased Adjusted EBITDA,” said Gary E. Robinette, president and CEO of Ply Gem.
For the quarter, sales were $220.5 million, up from $214.6 million in the same quarter last year. The company posted a fourth-quarter loss of $19.6 million, compared with a loss of $17.6 million in the prior-year quarter.