Tecnoglass Earnings Reports

Tecnoglass reported Q4 2024 revenue of $239.6 million, up 23.1% year-over-year, supported by strong growth in multi-family and single-family residential segments. Net income rose to $47.0 million, with EPS increasing to $1.00 from $0.77 last year. Adjusted EPS reached $1.05, while Adjusted EBITDA climbed to $79.2 million, reflecting improved margins and pricing. The company also expanded its backlog to a record $1.1 billion, providing strong visibility for future growth.

Tecnoglass reported record third-quarter results with revenue of $238.3 million, up 13.1% year-over-year. The company's single-family residential revenue increased by 25.0% to a record $109.7 million. Gross margin improved to 45.8%, and adjusted EBITDA reached $81.4 million, representing 34.2% of total revenues. The backlog expanded to a record $1.04 billion.

Tecnoglass reported a decrease in revenue to $219.7 million compared to the prior year, but achieved record single-family residential revenues. Net income was $35.0 million, and adjusted EBITDA was $64.1 million. The company's backlog grew to a record $1.02 billion.

Tecnoglass reported a decrease in revenue for Q1 2024, but highlighted strong cash flow generation and a record backlog. The company experienced challenges in single-family residential sales due to inflationary constraints, but saw positive signs in March and April. They are optimistic about the strength of their business, driven by quoting activity for vinyl windows and geographic expansion.

Tecnoglass reported a decrease in revenue for Q4 2023 compared to the prior year quarter, primarily due to impacts on single-family residential revenues from higher interest and mortgage rates. However, the company's commercial activity performed in line with expectations. Despite the revenue decrease, Tecnoglass continues to focus on geographic diversification and expansion into the vinyl window market.

Tecnoglass reported a 4.4% increase in revenue to $210.7 million in Q3 2023. Net income was $46.1 million, or $0.97 per diluted share, and adjusted EBITDA was $71.3 million. The company experienced strong backlog growth, expanding 20% year-over-year to a record $836 million.

Tecnoglass reported record second-quarter results with total revenues up 33.2% to $225.3 million. The company saw strong organic growth in both multifamily/commercial and single-family residential businesses. Adjusted EBITDA increased 55.8% year-over-year to $85.0 million, representing 37.7% of total revenues.

Tecnoglass reported a strong first quarter in 2023, with a 50.6% increase in total revenues to $202.6 million. The company saw significant growth in both multifamily/commercial and single-family residential businesses, and achieved a record gross margin of 53.2%. Net income reached $48.4 million, or $1.01 per diluted share, and adjusted EBITDA increased by 89% to $85.8 million.

Tecnoglass reported record fourth-quarter results, with revenues up by 60.2% to $211.1 million and Adjusted EBITDA increasing by 107% to $87.2 million. The company's backlog expanded by 24% year-over-year, reaching an all-time high of $725.2 million. They are introducing FY 2023 growth outlook for Adjusted EBITDA of $300 million to $320 million on total revenues of $790 million to $830 million.

Tecnoglass reported record third-quarter results with a 53% increase in total revenues to $201.8 million, driven by growth in both single-family residential and commercial businesses. The company achieved a record gross margin of 52.2% and net income of $46.9 million, or $0.98 per diluted share. Adjusted EBITDA more than doubled to $78.5 million, representing 38.9% of total revenues. The company also announced a $50 million share repurchase program.

Tecnoglass reported record second-quarter results with a 38.9% increase in total revenues to $169.1 million. The company's single-family residential revenues increased by 86% year-over-year, representing 44.9% of total revenues. Gross margin improved to 43.5%, and adjusted EBITDA increased by 51.7% to $54.6 million, representing 32.3% of total revenues. The company increased its full-year 2022 outlook, expecting revenues of $620 million to $640 million and adjusted EBITDA of $208 million to $220 million.

Tecnoglass reported a record first quarter in 2022, with revenues up 20.6% year-over-year to $134.5 million. The growth was driven by strong performance in the single-family residential sector and overall market share gains. Adjusted EBITDA increased 35.1% to $45.4 million, representing 33.7% of total revenues, and the company increased its full year 2022 outlook.

Tecnoglass reported record fourth quarter results, driven by strong growth in single-family residential activity and market share gains. Total revenues increased by 28.0% to $131.8 million, with single-family residential revenues increasing by approximately 142% year-over-year. Gross profit grew by 53.6% to $56.5 million, representing a 42.9% gross margin. Net income was $19.8 million, or $0.41 per diluted share, and adjusted EBITDA increased by 65.7% to $42.2 million.

Tecnoglass reported a record third quarter with revenues up 26% year-over-year to $130.4 million. The company's gross margin increased to 39.6%, and adjusted EBITDA rose by 36.1% to $38.7 million. Strong cash flow allowed for debt reduction and investments in automation.

Tecnoglass reported a record second quarter with a 49% increase in total revenues to $121.7 million. The company saw significant growth in single-family residential sales and commercial revenues, leading to a gross margin of 40.0% and adjusted EBITDA of $35.6 million. The company also increased its full year 2021 growth outlook.

Tecnoglass reported a strong first quarter in 2021, with a 27% increase in total revenues to $110.9 million. The company saw significant growth in single-family residential revenues and an increase in commercial revenues. Record gross margin of 40.7% was achieved, and adjusted EBITDA reached $33.5 million, representing 30.2% of sales.

Tecnoglass reported a 1.0% increase in total revenues for the fourth quarter of 2020, driven by strong growth in U.S. revenues, particularly in the single-family residential sector. The company's gross margin improved significantly due to greater operating efficiencies and a higher mix of manufacturing revenue. Tecnoglass is optimistic about continued growth and strong cash flow generation in 2021.

Tecnoglass reported strong Q3 2020 results, with record quarterly gross profit, adjusted EBITDA, and operating cash flow. U.S. revenues grew, driven by single-family housing. The company secured a new $300 million credit facility and provided full-year 2020 Adjusted EBITDA outlook of $95 million to $100 million.

Tecnoglass reported a net income of $16.1 million, or $0.35 per diluted share, for the second quarter of 2020. The company achieved record gross margin of 38.8% and adjusted EBITDA margin of 28.4%. Revenue was $81.9 million, with U.S. revenues representing 96.6% of the total. The company's backlog expanded to a record $550 million.

Tecnoglass reported a decrease in revenue due to temporary suspension of plant operations, but achieved its highest first quarter gross margin and Adjusted EBITDA margin since 2016. The company is focused on maintaining financial flexibility and generating cash flow amidst the COVID-19 crisis.

Tecnoglass reported a 3.6% increase in total revenues for Q4 2019, reaching $101.4 million. Net income was $10.6 million, or $0.23 per diluted share, compared to a net loss in the prior year quarter. The company's backlog expanded to a record $542 million.