Show off your holiday lights and you could win an iPad! Enter your photo by December 13. Winner will be selected by popular vote.
Ply Gem Windows, which employs more than 1,000 people in Rocky Mount and about 40 in Roanoke, is a division of Ply Gem Holdings.
Monday, March 18, 2013
Ply Gem Holdings reported today that it lost money during the company’s fourth quarter and fiscal year ended Dec. 31, but said that year-end results, when compared with the same period last year, reflect “an improving housing market, specifically for new construction.”
Ply Gem Holdings is parent company of Ply Gem Industries, headquartered in Cary, N.C. Ply Gem Windows, based in Roanoke, is one of the company’s three divisions manufacturing exterior building products in North America. Ply Gem Windows has about 1,150 workers at its facilities in Rocky Mount and about 40 employees in Roanoke.
Ply Gem Holdings reported today that the company’s net sales during 2012 increased 8.4 percent to about $1.12 billion. The company reported a net loss for the year of about $39 million, compared with a loss during fiscal 2011 of about $84.5 million.
Meanwhile, fourth quarter net sales increased by 10.8 percent to about $268.64 million. The company reported a fourth quarter net loss of about $15 million, down slightly from a loss of about $15.2 million in fourth quarter 2011.
Gary Robinette, president and CEO of Ply Gem Holdings, sounded generally upbeat in a news release.
“As we go into 2013, we expect the new home construction market to show strong growth and anticipate the repair and remodeling market to demonstrate more modest growth, with big ticket remodeling expenditures continuing to lag,” Robinette said.
Ply Gem Holdings is a privately held company and a private equity firm, and its affiliates are majority stockholders. But because the company has publicly held debt, Ply Gem Holdings files financial earnings and other reports with the U.S. Securities and Exchange Commission.
Weather JournalPossible scrape with snow Tues