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January 15, 2021
2020 was certainly no ordinary year. The COVID-19 shock reverberated across industries, producing lasting impacts on how companies conduct business. March and April proved to be extremely challenging in the building products market. Pandemic-related labor issues were further complicated by resin shortages resulting from extreme weather events in the Gulf region. The slowdown was only short-term, buoyed by a strengthening housing market, with demand accelerating since June.
Public companies in the window and door industry reported strong performance in the third quarter of 2020. Fortune Brands Home & Security, parent company of Therma-Tru, Larson and Fypon, among others, highlighted 13 percent growth in total sales and double-digit growth across all of its segments. Organic sales for PGT Innovations increased 7 percent in the quarter. PGTI CEO Jeffrey Jackson highlighted growing order flow and a more than doubling of total backlog from the prior year. Masonite In