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Jun 30
Tecnoglass Q2 2025 Earnings Report
Tecnoglass reported record second quarter 2025 results, with significant growth in revenue, gross margin, and adjusted EBITDA, driven by strong demand and strategic acquisitions.
Key Takeaways
Tecnoglass achieved record quarterly revenue of $255.5 million, a 16.3% increase year-over-year, with double-digit organic growth in both single-family residential and multi-family/commercial segments. The company also reported a strong gross margin of 44.7% and adjusted EBITDA of $79.8 million, demonstrating robust profitability and operational efficiency. Backlog expanded to a record $1.2 billion, providing strong future visibility.
Record quarterly revenue of $255.5 million, up 16.3% year-over-year, with strong organic growth across segments.
Gross margin expanded by 400 basis points year-over-year to 44.7%, reflecting improved pricing and operational leverage.
Adjusted EBITDA increased by 24.5% year-over-year to $79.8 million, representing 31.2% of total revenues.
Backlog reached a record $1.2 billion, growing 17.2% year-over-year, indicating strong future demand and project pipeline.
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 strengthened its full-year 2025 financial guidance, expecting revenues between $980 million and $1.02 billion and Adjusted EBITDA between $310 million and $325 million. The company anticipates pricing initiatives and mitigation efforts to offset elevated input costs and tariffs.
Positive Outlook
- Increased full-year 2025 revenue guidance to $980 million - $1.02 billion, reflecting approximately 12% growth at the midpoint.
- Narrowed Adjusted EBITDA guidance to $310 million - $325 million, representing approximately 15% growth at the midpoint.
- Anticipates pricing initiatives and mitigation efforts to more than compensate for projected $25 million full-year impact from elevated input costs and tariffs.
- Strong order momentum and an expanding backlog extending well into 2026 provide confidence for continued growth.
- Poised to achieve another year of robust profitability and cash generation.
Challenges Ahead
- Anticipated $25 million full-year impact from elevated input costs and tariffs on select products.
- Significant majority of accelerated customer orders in Q2 for single-family residential business were pulled from Q3, potentially impacting Q3 growth.
- No specific negative forward guidance points were explicitly stated beyond the cost and tariff impacts which are expected to be mitigated.
- Potential for unforeseen economic or market changes to impact actual results.
- Reliance on successful integration of Continental Glass Systems for anticipated synergies and growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income