Ply Gem reports sales decline in second quarter

Ply Gem Holdings, which makes windows, doors, siding and other residential exterior building products, announced second-quarter 2009 net sales of $260.6 million, a 23.6% decrease from sales of $341.3 million in the same period in 2008.

For the first half of 2009, net sales were $443.3 million, or 25.8% lower than the $597.7 million of net sales for the first half of 2008.

The Cary, N.C.-based company was able to reduce net loss for the second quarter to $8 million, from a net loss of $19.5 million in the second quarter of 2008. Adjusted EBITDA for the quarter was $41.5 million, compared with $41.2 million for the same period last year.

Gary Robinette, president and CEO of Ply Gem, said the company had performed well in the first half of the year considering the fact that single-family housing starts were down 52% and 36% in the first and second quarters, respectively.

“We will continue to realign our cost structure as necessary for current and future market demand,” he said. “At the same time, we are focused on maximizing cash flow and outperforming the marketplace in all business units, allowing us to emerge stronger when the housing market recovers.”

Ply Gem moved its headquarters from Missouri to Cary last year after receiving $100,000 from the One North Carolina economic development fund. The company announced the closing on window and door manufacturing facilities in Hammonton, N.J., and Phoenix, Ariz., in November.