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Mar 31
Tecnoglass Q1 2025 Earnings Report
Reported Record First Quarter 2025 Results
Key Takeaways
Tecnoglass delivered an exceptional first quarter in 2025, achieving record revenue of $222.3 million, a 15.4% increase year-over-year, driven by strong organic growth in both residential and multi-family/commercial segments. The company also reported significant improvements in gross margin and Adjusted EBITDA, alongside a record cash position.
Achieved record first quarter revenue of $222.3 million, up 15.4% year-over-year.
Delivered strong gross margin of 43.9%, a 510 basis point improvement compared to the prior year.
Reported Adjusted EBITDA of $70.2 million, an increase of 37.5% year-over-year.
Ended the quarter with a record cash position of $157.3 million and expanded backlog to $1.14 billion.
Tecnoglass
Tecnoglass
Tecnoglass Revenue by Segment
Tecnoglass Revenue by Geographic Location
Revenue by Segment
Multi-Family/Commercial Revenue
CapyFin.comSingle-Family Residential Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comColombia Revenue
CapyFin.comOther Countries Revenue
CapyFin.com Forward Guidance
Tecnoglass updated its full year 2025 guidance, raising the low end of the revenue outlook and narrowing the Adjusted EBITDA range, reflecting confidence in continued profitable growth despite potential impacts from tariffs and market uncertainties.
Positive Outlook
- Raising the low end of the full year revenue outlook to a range of $960 million to $1.02 billion.
- Midpoint of the updated revenue guidance represents approximately 11% growth.
- Narrowing the Adjusted EBITDA outlook to a range of $305 million to $330 million.
- Midpoint of the Adjusted EBITDA guidance represents approximately 15% growth.
- Anticipates expanded full year Adjusted EBITDA margin.
Challenges Ahead
- Outlook includes an estimated full year 2025 impact of approximately $25 million associated with higher input costs and tariffs.
- Some uncertainty remains regarding how tariffs may ultimately impact demand.
- Broader market uncertainties could impact demand.
- While mitigation efforts are planned, the initial impact of tariffs is noted.
- Future GAAP financial measures on a forward-looking basis are not accessible without unreasonable effort.
Revenue & Expenses
Visualization of income flow from segment revenue to net income