UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37971 PGT Innovations, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37971 PGT Innovations, Inc. 1070 Technology Drive North Venice, FL 34275 Registrant's telephone number: 941-480-1600 Indicate by check ...

Raw Material Costs and Pricing - The company experienced significant fluctuations in raw material costs, particularly in glass, aluminum, and vinyl extrusion, due to inflationary conditions in 2022[96]. - The company successfully passed on increased raw material costs to customers, but future fluctuations in prices remain uncertain[96]. - The price of aluminum, a significant raw material, decreased from nearly $2.00 per pound in April 2022 to approximately $1.30 per pound by the end of 2022[238]. - Gross profit and gross margin were negatively impacted by inflationary pressures on manufacturing inputs, including materials and labor, in 2022[237]. - The company implemented price increases earlier in the year to offset inflationary pressures on material and labor costs[175]. Geographic Concentration and Market Conditions - A substantial portion of the company's business is geographically concentrated in Florida, which increased with the acquisitions of NewSouth and Eco[95]. - The window and door industry is highly competitive, with increased competition from both domestic and foreign producers in Florida[103]. - The company is subject to potential adverse impacts from the ongoing COVID-19 pandemic, which may affect market conditions and consumer confidence[90]. - Changes in macroeconomic conditions, such as employment rates and consumer confidence, could negatively impact demand for the company's products[109]. - Increased regulatory restrictions could limit demand for new homes and home repair products, negatively affecting sales[115]. Employee and Operational Challenges - The company faces high turnover rates among hourly employees, which can lead to increased training and retention costs[93]. - The company operates its own fleet for distribution but also relies on third-party transportation, exposing it to risks and costs beyond its control[104]. - The company is experiencing growth in sales volume and market share, but faces risks if it cannot meet increased demand due to employee retention or raw material disruptions[116]. - The company plans to focus on direct labor efficiencies in 2023, having reduced headcount additions after addressing manufacturing constraints[238]. Financial Performance and Debt - The company's total gross indebtedness is $651.4 million, including $575.0 million in senior notes and $76.4 million under a new revolving credit facility[125]. - The company’s ability to make scheduled debt payments depends on its financial condition and operating performance, which are influenced by external economic factors[128]. - A downgrade in the company's debt ratings could increase future borrowing costs and reduce access to capital[135]. - The company may not generate sufficient cash flows to service all its indebtedness, potentially forcing it to take other actions to satisfy obligations[136]. - Interest expense on long-term debt is expected to be approximately $30 million in 2023, including an estimated $1 million of non-cash amortization of net deferred financing costs[241]. Sales and Revenue Growth - Total net sales for 2022 were $1,492.0 million, an increase of 28.5% compared to $1,161.5 million in 2021[170]. - Southeast segment's net sales were $1,110.4 million in 2022, up 14.6% from $968.7 million in 2021, primarily due to pricing actions and operational improvements[171]. - Western segment's net sales reached $381.6 million in 2022, a significant increase of 98.0% from $192.8 million in 2021, driven by acquisitions and strong organic growth[173]. - The company has made strategic marketing investments that have enhanced customer awareness during the 2022 repair and remodeling season[170]. Acquisitions and Strategic Initiatives - Recent acquisitions, including a 75% stake in Eco, have increased the company's sales and assets but may distract management and incur unexpected liabilities[117]. - The acquisition of Martin Door Holdings, Inc. was completed for a fair value consideration of $187.8 million, with identified intangible assets valued at $91.9 million[257]. - The company has expanded its sales channels to include a direct-to-consumer model through the acquisition of NewSouth Windows Solutions in February 2020[281]. Cash Flow and Capital Expenditures - Cash flow from operations generated in 2022 was $196.4 million, an increase of 208.3% compared to $63.7 million in 2021[177]. - Cash used in investing activities decreased to $233.9 million in 2022 from $253.9 million in 2021, a reduction of $20.0 million[201]. - The company expects to spend between $48 million and $52 million on capital expenditures in 2023[210]. - The company ended the 2022 fiscal year with $66.5 million in cash and had $167.9 million available under the revolving credit facility, which does not expire until October 2027[178]. Legal and Regulatory Risks - The company faces potential legal and regulatory proceedings that could result in material damages, impacting financial performance[148]. - The company is subject to various covenants in its senior secured credit facilities that limit its operational flexibility and ability to engage in specified transactions[129]. - A breach of these covenants could lead to defaults, allowing lenders to demand immediate repayment of outstanding amounts[130].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 2, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37971 PGT Innovations, Inc. (Exact name of registrant as specified in its charter) Delaware 20-0634715 (State or other jurisdiction of incorporat ...