Tecnoglass Q4 2019 Earnings Report
Key Takeaways
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.
Total revenues increased by 3.6% to $101.4 million compared to the prior year quarter.
U.S. revenues increased by 2.9% to $83.8 million, driven by stronger residential invoicing.
Net income was $10.6 million, or $0.23 per diluted share, compared to a net loss in the prior year quarter.
Backlog expanded to a record $542 million, up 2% quarter-over-quarter.
Tecnoglass
Tecnoglass
Tecnoglass Revenue by Geographic Location
Forward Guidance
For the full year 2020, the Company expects revenues to grow to a range of $445 to $455 million and anticipates Adjusted EBITDA to be in the range of $97 million to $102 million.
Positive Outlook
- Expects to see growth in construction end markets
- Anticipates additional market share gains in the U.S.
- Expects revenue growth to a range of $445 to $455 million
- Anticipates Adjusted EBITDA in the range of $97 million to $102 million
- Driven by higher revenues and the flow through of high return investments
Challenges Ahead
- Partly offset by higher labor costs
Revenue & Expenses
Visualization of income flow from segment revenue to net income