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Sep 30
Tecnoglass Q3 2025 Earnings Report
Tecnoglass reported strong third quarter 2025 results with record revenue and expanded backlog, despite some foreign exchange headwinds and unfavorable revenue mix.
Key Takeaways
Tecnoglass achieved record quarterly revenue of $260.5 million, a 9.3% increase year-over-year, driven by strong organic growth and market share gains in both single-family residential and multi-family/commercial segments. The company reported a net income of $47.2 million and adjusted EBITDA of $79.1 million, representing 30.4% of total revenues. The backlog expanded to a record $1.3 billion, providing strong future visibility.
Record quarterly revenue of $260.5 million, up 9.3% year-over-year, with 7.6% organic growth.
Net income reached $47.2 million, or $1.01 per diluted share, marking the second most profitable quarter in company history.
Adjusted EBITDA was $79.1 million, representing a 30.4% margin, demonstrating sustained strong profitability.
Backlog expanded 21.4% year-over-year to a record $1.3 billion, providing strong revenue visibility.
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 financial guidance, expecting revenues between $970 million and $990 million, reflecting approximately 10% growth at the midpoint, and Adjusted EBITDA between $294 million and $304 million, representing approximately 8% growth at the midpoint.
Positive Outlook
- Expectation to broadly outpace industry performance with double-digit revenue growth in 2025 and 2026.
- Reaping benefits from pricing initiatives and cost mitigation efforts.
- Expanding multi-year backlog provides strong visibility for future growth.
- Continued market share gains and strategic positioning for sustained outperformance.
- Feasibility study for a new fully automated facility in Florida to address future growth needs and improve efficiencies.
Challenges Ahead
- Higher than previously anticipated aluminum costs and US aluminum premiums.
- Impact of the recent revaluation of the Colombian Peso.
- Unfavorable revenue mix on a higher amount of installation revenue.
- Elevated aluminum costs and certain tariffs impacting gross margin.
- Foreign exchange headwinds affecting profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income