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Dec 31, 2024
Tecnoglass Q4 2024 Earnings Report
Reported record quarterly revenue and earnings growth, driven by strong multi-family and residential demand.
Key Takeaways
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.
Revenue grew 23.1% year-over-year, reaching a quarterly record of $239.6 million.
EPS increased to $1.00 from $0.77 in Q4 2023, driven by margin expansion.
Adjusted EBITDA reached $79.2 million, improving from $62.0 million last year.
Backlog expanded 27.6% to a record $1.1 billion, providing visibility into 2026.
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 expects 2025 revenue growth of approximately 10% at the midpoint, with Adjusted EBITDA growth of 16%, supported by increased demand and stable pricing.
Positive Outlook
- Revenue expected to grow 10% in 2025, reaching up to $1.02 billion.
- Adjusted EBITDA projected to increase 16% to a range of $300M-$340M.
- Strong backlog of $1.1 billion provides revenue visibility into 2026.
- Growing demand for vinyl window products expected to accelerate.
- Stable raw material costs and pricing actions expected to support margins.
Challenges Ahead
- Potential impact from proposed 25% U.S. tariffs on aluminum imports.
- Foreign currency fluctuations could affect profitability.
- Higher transportation and personnel costs could pressure margins.
- Increased competition in the U.S. market may require additional investment.
- Regulatory uncertainty may impact short-term pricing and supply chain strategies.
Revenue & Expenses
Visualization of income flow from segment revenue to net income