If you live in an area that experiences hurricanes it only makes sense to purchase windows that look great and can protect you if the worst happens. Partner with the industry expert and purchase CGI windows.
Don’t take it from us, read this recent Wall Street Journal article by Ken Brown.
To see the article directly, click: http://bit.ly/InvestPGTI
At its most basic, an investment in PGT Innovations (PGTI) is a bet that there will be hurricanes in Florida. That part is impossible to time. But investors can do well with PGT even if Florida doesn’t see another big storm for years.
PGT controls about 65% of the market for impact-resistant windows and doors in Florida. These windows can stop flying debris in a storm and are part of the building code in storm-prone areas. Last year’s Hurricane Irma, which led to the biggest storm evacuation in U.S. history, was a reminder of the state’s vulnerability after years without a major hurricane. Just 18% of Florida homes have impact resistant windows. The rest rely on storm shutters or plywood for protection.
PGT sales have been strong since then, but sales to existing homes were already up by more than 20% in the two quarters before Irma. That gets to the strength of PGT: After being hammered like the entire Florida building industry in the housing crisis, PGT rebounded, getting some growth from new home sales but more from renovations of existing homes. In the second quarter, sales for renovations grew 30% and accounted for 65% of revenue. To further dominate its market, PGT acquired its two biggest competitors.
The company’s healthy free cash flow—expected to be $62 million to $72 million this year—allowed it to pay down the debt from those acquisitions and to make new ones. This time it ventured out of Florida for the first time and in July agreed to pay $360 million for Western Window Systems which sells high-end, energy-efficient windows, from the West Coast to Texas.
There are good reasons for investors to expect PGT to keep up the momentum. The first half of this year was very strong: Sales were up 24%, earnings more than doubled and margins hit a record. Keeping step, shares of the company, which now has a market value of about $1.3 billion, have nearly doubled in the past 12 months.
The second half of the year definitely would get a boost if another hurricane hit Florida. Even without a storm, though, the company’s backlog is up 64% compared with a year earlier in part because the tight labor market has stretched out the post Irma boom. The company’s guidance calls for slowing growth, which looks unlikely given the backlog. While the stock’s valuation is at the high end of PGT’s historic range, there is evidence the company has moved to another level in terms of scale, diversification and customer awareness of its products.
There are risks. Tariffs have driven up the cost of aluminum, though PGT has been able to hedge its exposure and raise prices to offset the increases. New home sales are sluggish and the growth rate in the company’s renovations business is well above housing turnover, which is what typically drives renovations.
Nobody should wish for a storm, and PGT shares should do well even without one.
Top Three Reasons to Invest In Impact-Resistant Windows Now
There are important steps to be taken in advance of a hurricane to ensure homes are protected from impending harsh weather conditions. Our impact-resistant windows have long been at the forefront of such protection, offering a variety of styles and options to serve the diverse needs of homeowners. For years, however, a value-custom line of impact-resistant windows wasn’t available. Until now.
CGI is proud to offer Sparta, our all-new value-custom impact-resistant window line. CGI Sparta windows are available at a price you can afford while still offering durability and style, equipping your home to withstand the test of time. With hurricane season underway, these are three reasons to invest in impact-resistant windows now.
- Strong windows are now at a strong price
The number one reason to buy Sparta impact-resistant windows? Affordability. This year, impact-resistant windows are more affordable than ever. Sparta impact-resistant windows are accessible to homeowners looking for strong, quality products at an equally strong value. Sparta windows provide benefits beyond just hurricane protection, however. They protect from potential intruders, significantly reduce outside noise, and prohibit 99% of ultraviolet rays from entering your home. The decision to upgrade to impact-resistant windows has never been easier.
- Strengthen the vulnerable
A window serves as one of the main entry points in a home, and is therefore one of the most vulnerable spots on a home facing extreme weather. If windows are damaged during a storm, high winds and debris can enter the home, put pressure on the roof and walls, and damage it from the inside out. Replacing non-impact windows with Sparta value-custom, impact-resistant windows creates a stronger barrier against a storm – preventing high winds from entering your home, and keeping your home secure and your loved ones safe.
- Year-long preparedness
In the case of an imminent storm, not all homes are prepared equally. While covering windows with plywood or shutters may be the most economical way to protect a home, this protection often requires immediate action by homeowners in the last moments before a storm. Further, the hazards that can result from improper installation can be costly, or even dangerous. Passive protection, on the other hand, embraces year-long preparedness. There is no need to scramble in the last moments before a hurricane to coordinate (and pay for) installation of plywood or storm shutters or to try to apply these cumbersome products yourself. Sparta impact-resistant windows provide passive protection by safeguarding your home from hurricanes and extreme weather, 24 hours a day, 7 days a week.
CGI’s Sparta Brings Strength and Affordability to Homeowners
When considering an upgrade to impact-resistant windows, there are many options to choose from and cost is likely a big part of the decision. For years, a value-custom option for impact-resistant windows wasn’t available to homeowners. While the unmatched safety and protection that impact-resistant windows provide is as clear as the windows themselves, purchasing impact-resistant windows can seem financially out of reach. To better meet the needs of all of our customers, CGI is proud to offer Sparta, our all-new value-custom impact-resistant window line. Now having impact-resistant protection from storms is more attainable than ever.
Sparta is here
As a leader in the impact-resistant window industry, PGT Innovations recognized the need for a value-custom impact-resistant window line, and we’re excited that CGI is launching Sparta to fill that need. With Sparta, you can expect the same strength, quality, and performance you’ve come to expect from other CGI products at an affordable price. These durable value-custom windows will keep your home and loved ones safe from the next big storm. Sparta windows offer passive protection, meaning there is no need to apply cumbersome plywood or storm shutters prior to a storm. Sparta provides all the window protection you need, at a price you can afford. The decision to upgrade to impact-resistant windows has never been easier.
Available in Single Hung, Horizontal Roller, Fixed, and Architectural styles, Sparta windows are constructed with strong aluminum frames. The window line can withstand a design pressure of up to +55/-65 pounds per square foot and offers powder coat paint, corrosion-resistant hardware, and standard stainless steel assembly screws. Sparta windows hold a Florida Product Approval, are ideal for both new construction and remodeling, and are easy to install.
Safety beyond hurricanes
Designed to stand up to hurricanes and tropical storms, Sparta impact-resistant windows are the smart choice for other safety reasons, too: they provide protection from potential intruders, significantly reduce outside noise, and prohibit 99% of ultraviolet rays from entering your home. When you choose Sparta, you’re not simply designing a house — you’re building a home.
CGI Products and Severe Weather Events
As a long-standing Florida-based company operating in the building and remodeling industry, CGI is particularly sensitive to weather-related risks posed to residents of this state. The destruction of homes and businesses caused by hurricanes, as well as the disruption caused to the daily lives of the residents, affects all of Florida citizens. CGI products are tested and comply with current industry standards and code requirements for repelling and dispersing water under defined performance conditions. The impact-resistant glass used in CGI products is also tested to ensure that it will resist direct impacts from wind-borne debris and high design pressure caused by hurricane-force winds.
While these products perform as intended under specified conditions, windows and doors are not designed to be leak proof. As with other building components, the forces imposed on windows and doors by extraordinary events such as hurricanes can exceed their ability to keep out water and water infiltration around the frames may occur when exposed to these conditions.
Below are several common questions and answers regarding the performance of impact-resistant and non-impact-resistant windows and doors.
The Institute for Business and Home Safety (IBHS) recommends that if a structure sustains damages as a result of extreme weather conditions, the owner should file a claim with his or her insurance carrier to ensure proper handling.
The swift and innovative responses to previous weather events have resulted in significantly reduced catastrophic property damage and personal loss. This is a testament to all companies and individuals in the industry who work to improve the quality of building and public safety. We at CGI are proud to contribute to this public service and look forward to providing quality products that improve lives for many more years.
Frequently Asked Questions
HURRICANE-RELATED Q & A
Q: Are there window and door products that are “hurricane proof”?
A: Impact-resistant products are designed, tested and built to withstand certain conditions to provide reasonable storm protection; however, it is unsafe to consider any product “hurricane proof”.
Q: If something hits my impact-resistant glass, will it break?
A: If struck, the impact-resistant glass can break, but it is designed to remain in the frame. This prohibits wind, water or other debris from entering the structure and causing further – sometimes catastrophic – damage.
Q: Will windows and doors leak in a hurricane?
A: Not necessarily; however, wind speed, duration, direction, rain volume and other natural phenomena that accompany a storm all contribute to and increase the possibility of leaks.All of our products are tested and certified for water infiltration resistance and meet or exceed code requirements.
WATER-INTRUSION Q & A
Q: Why does water leak through my product when I spray it with a garden hose or pressure washer?
A: Most operable windows and doors are designed to withstand up to a certain amount of water pressure, measure in pounds per square foot (psf) or pounds per square inch (psi). A typical garden hose sprays water at approximately 30-60 psi and a typical pressure washer sprays water at 1200+ psi. These pressures far exceed the water rating for operable windows and doors, which typically range between 7 psf and 13.5 psf (0.0486 psi and 0.0938 psi, respectively).
Q: Why does water get into the track of my Sliding Glass Door or windows during a minor rain storm? Is something wrong with my product?
A: It is normal for water to be present in the track of sliding glass door or windows during a storm, especially if it is a windy storm. These products are designed to capture water in the track and drain it to the exterior of the building through the “weep holes” located in the bottom of a door or window frame. Keeping these “weep holes” free of dirt and debris will allow the water to flow out freely and not to build in the track.
(Miami, FL) – CGI Commercial has launched a comprehensive website to support expansion into the commercial market. Designed to educate and inspire architects, the new site may be found at www.commercialcgi.com.
Divided into the two categories of windows and doors, segmented pages offer full features/benefits and technical information on Storefront Window Systems and Storefront Entry Doors.
Clicking through to Storefront Window Systems, architects are presented with complete information on glass and glazing options (including external wet glaze), design pressures, and robust sizing of CGI Commercial products.
The Storefront Entry Doors page offers glass specifications and design pressure information, single- and double-door features, and complete specs on the 3-point locking system.
Downloadable brochures are available for all window and door offerings.
Rounding out the offerings: a gallery of inspirational project photography showcasing the use of CGI Commercial Architectural Products in retail, residential, lodging, restaurant, and other miscellaneous projects.
“A brand-new website focusing solely on CGI Commercial directly supports the company’s expansion into this market,” said Daryl Hendricks, Senior Vice President of Operations for CGI. “We continue to always look to the future of the industry and the next generation of products, and the CGI Commercial brand is a reflection of this effort as we continue to grow our market reach and better serve our customers.”
If you know CGI, you know we’re very involved and very supportive of our Florida architecture community. It’s an honor to be deeply involved with AIA Florida … but we wanted to take it a step further this year.
For the last three years, CGI has sponsored the “Walk on Water” competition put on by the Dept. of Architecture at Florida International University, and we’ve watched interest and participation grow each year. The value of supporting a program like this is the ROI for the students: This event allowed students to both design and build their project, which equals real-world, hands-on experience. That’s invaluable.
New for 2016: The 2016 “Walk on Water” event welcomed, for the first time, competition teams from across the state (Palm Beach State and the University of Florida, to be specific). Sponsor funding assisted these schools with both their materials and their travel expenses.
“Walk on Water” is an amazing event: FIU students in the Materials & Methods of Construction Class taught by FIU Architecture Professor Jaime Canaves were issued a challenge by their teacher: Successfully construct shoes that will allow the student to walk across a campus lake – with minimum water contact. Entrants can compete individually, or as a team.
The event, a favorite campus tradition, is about more than just making the grade in Canaves’ class; the first place winner of each of the two races received a $1,000 cash prize, thanks to CGI’s sponsorship. The event is in its 27th year.
So what’s next? Who knows … maybe we’ll help FIU take this event national in 2017!
Hurricanes are unforgiving forces of nature. These storms can release as much energy as an atom bomb over a very short period of time. One area where many homes are susceptible to damage is the windows. Hurricanes can pick up debris and hurl them through non-impact resistant windows with ease. Nobody wants to be trapped in their home while a hurricane flings razor-sharp broken glass windows throughout their house. It would be much more preferable to have the safety and security that CGI Windows provide.
But before you can pick the perfect CGI window for your home, you need to know some basic terms.
Fixed windows are just like they sound, windows that are fixed to the wall and can’t pivot. This variety of window is great for living, dining, and master bedrooms. A fixed window can offer a wide open look at the brilliant scenery and allow a lot of beautiful light into your home.
A designer fixed window is simply a more upscale version of a fixed window. These pieces deliver luxurious aesthetic pleasure to any room and pair well with almost any sort of interior design.
Horizontal rolling windows are like sliding glass doors. They feature a sliding mechanism which is a real eye-catcher. This unique design allows you to quickly access hanging plants or just let a breeze in.
CGI was formed in 1992 after Hurricane Andrew demolished parts of the Bahamas, Louisiana, and Southern Florida. The category-five Hurricane Andrew carved its most destructive pathway through Southern Florida, where one-hundred and eight-thousand homes were damaged. Thousands and thousands of windows were broken. This caused many dangerous situations! Luckily if you had an impact-resistant window, you were much safer than you might have been. CGI is the industry leader and creates products that stand up to the most intense storms.
If you live in an area that experiences hurricanes it only makes sense to purchase windows that look great and can protect you if the worst happens. Partner with the industry expert and purchase CGI windows.
While home sales have remained steady, the market forecast for replacement windows and doors is improving, according the National Association of Home Builders. Average spending between non-moving homeowners and buyers of older homes on replacement windows has been consistent, while the average spending on door replacement has increased for the non-moving segment versus the older home buyers.
Factors driving the steady improvement in the market include homeowners’ desires for top amenities, including energy efficient window and door products, as well trends like designer fixed windows and awning styles, all offered by CGI Windows and Doors. With $10 billion in homeowner spend in 2013, window and door replacement was the third most commonly listed job for NAHB remodelers in 2014. These trends are expected to continue into 2016.
In searching for contractors to complete a window and door project, consumers are relying on word of mouth and online channels to choose the right company for the job. Over 70% of homeowners surveyed said they picked their window and door contractor based on the referral of a family member or acquaintance. Talk to your friends and family about their CGI experience. CGI can even refer you to a preferred dealer in your area.
Window and door manufacturers that are taking advantage of the market trends are those with reputations for quality, customer service, and specific expertise.One market seeing these effects is the coastal regions of Florida where CGI is located, Louisiana, and Texas. Hurricane resistant windows and doors are sought after for new builds and replacements alike, with the severe weather in these areas causing even greater demand. Not only are consumers placing more value on safety, but energy efficiency has become the standard.
We understand that homeowners have discerning tastes, and place an emphasis on safety, value, and energy efficiency like never before. CGI is ready to review your options when you are.
Many people dream about living near the beach, but they never consider some of the odd possibilities that attend beach life. Here are 8 common quirks about life near a beach that might come as a surprise. Some of the stranger aspects of life on the coast can be avoided by taking proper precautions, such as installing the right windows and doors for your home. CGI is the leading manufacturer of impact-resistant windows and doors.
Here are 8 aspects of living on the beach that the snow-bound might not consider:
It might seem cartoonish that falling coconuts could become a problem, but these fruits can impact whatever is beneath them with a force of up to 1 metric ton. It is best to stay out from underneath coconut palms if possible.
- Unusual Things that Wash Up
Objects that end up in the ocean are often tumbled about then returned to shores hundreds of miles away. Gaming systems, messages in bottles, and broken pieces of destroyed spaceships are just a handful of things people have come across on shores.
- Noticing Trash
While you respect the beach as your home, others may not. Sadly, beach visitors may leave behind their trash and fail to recycle after beach visits.
- Changes in Wardrobe
If you live on the beach for long enough, your closet might start to show it. Many people who live on the beach suddenly realize that most of their clothing is beachwear.
It is easy to overlook the threat of sunburn when you’re stuck in cold weather imagining how good the warmth of the sun feels. However, the UV radiation that causes sunburns is very hazardous, and those who live on the beach need to take extra steps to protect themselves from constant sun exposure.
- Never Needing the A/C
Like most modern buildings, beach homes usually come equipped with air conditioning. But, those who live on the beach may come to realize they rarely turn on their A/C units due to mild coastal weather. They can just open their CGI windows and feel the breeze. Also fortunately, when temperatures drop, energy-efficient CGI windows and doors can help those who live on the beach to save money on heating their homes.
- Hurricanes and Tropical Storms
Casual visitors and vacationers might never see the destructive side of beach life. Hurricanes and tropical storms pose a huge threat to the safety and finances of people who live on the beach year-round. Impact-resistant windows and doors, like the ones CGI manufactures, are a necessary part of keeping homes safe when storms hit. CGI leads the impact-resistant window and door industry by producing products with higher impact thresholds than those made by other brands.
- Respect for the Ocean’s Power
When you have seen the ocean not only in calm weather, but also during rough storms, you know the ocean deserves great respect.
People want to live by the beach, but might not consider the weird aspects of living there. Getting your house equipped properly can ensure that living on the beach remains your favorite past-time.
1- It’s not as easy as it looks
Watch Bubba Watson off the tee, or Jason Day on the green, or Jordan Spieth just about anywhere, and the game of golf might look easy. It’s not. Reaching the level of success that the pros do takes years of hard work, dedication, and yes, a little natural talent. Achieving innovative, functional, and safe design is no different. As the architecture and design industry rapidly evolves, smart architects are adapting by utilizing the breadth of new programming tools and master spec writing technologies available in the modern marketplace. You can write a CGI spec in minutes with ARCAT’s specwizard feature. Change can be difficult, but by working smarter, an architect can make fantastic design a part of every project he or she embarks on.
Many of the game’s greatest golfers knew the courses they played like the back of their hands. When they walk the course before a round, caddies and players are plotting the layout, hole positions, and hazards to identify any possible problems. In much the same way, architects must be cognizant of the conditions and environment their designs will be built in. Like a home built in tornado alley benefits from a basement, homes in coastal regions like Florida, Louisiana, and Texas should be spec’d with impact-resistant windows that are hurricane-tested and comply with local testing requirements. Don’t play off the tee with your putter.
3- Expect adversity
“Of all the hazards, fear is the worst.” Even the best of rounds have a bad shot or two, but as Sam Sneed understands, fearing the adversity will set you back the farthest. As an architect, anticipating these challenges and using educated, sustainable design to combat them is an integral part of your job. Buildings are exposed to the elements, but customers demand lighter, less expensive materials while still achieving the desired aesthetic outcomes. Using new technologies and advancements such as impact resistant doors, architects can provide the desired aesthetic and budgetary outcomes, while ensuring the highest levels of performance and safety.