CARY, NC - Ply Gem Holdings Inc., a manufacturer of residential exterior building products, announced fourth quarter 2009 net sales of $214.6 million, an 8.5% decrease from the $234.5 million for the same period in 2008. For the full year of 2009, net sales were $951.4 million, which is 19.0% lower than 2008 full year net sales due to market wide declines in residential construction which are estimated to be down over 28%.
Operating earnings for the fourth quarter of 2009 were $12.1 million compared to an operating loss before goodwill impairment of $10.2 million for the fourth quarter of 2008. For the full year of 2009, operating earnings were $40.1 million compared to operating earnings before goodwill impairment of $19.9 million for the full year of 2008.
Have something to say? Share your thoughts with us in the comments below.