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Tecnoglass Sets Date for First Quarter 2025 Results
GlobeNewswire· 2025-04-17 11:00
Miami, FL, April 17, 2025 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced it will release financial results for the first quarter 2025 before the market opens on Thursday, May 8, 2025. Management will host a webcast and conference call that same day at 10:00 a.m. Eastern time to review the Company’s results. Webcast and Co ...
Tecnoglass to Present at the Sidoti Virtual Small Cap Conference
GlobeNewswire· 2025-03-18 20:15
Miami, FL, March 18, 2025 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced that the Company will present at the Sidoti Virtual Small Cap Conference on Thursday, March 20, 2025 at 10:45 a.m. Eastern time. A live broadcast of the presentation, including presentation materials, may be accessed through the Investor Relations se ...
Tecnoglass Announces First Quarter 2025 Dividend
GlobeNewswire· 2025-03-12 11:00
Miami, FL, March 12, 2025 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced that its Board of Directors has declared a quarterly dividend of $0.15 per share, or $0.60 per share on an annualized basis, for the first quarter of 2025. Shareholders of record as of the close of business on March 31, 2025 will be paid a dividend o ...
Tecnoglass: Solid Results, Plenty Of Caveats
Seeking Alpha· 2025-03-03 23:26
Author's note: I present an update my best small and mid-cap stock ideas that insiders are buying only to subscribers of my exclusive marketplace, The Insiders Forum. Our model portfolio has more than doubled the return of its benchmark, the Russell 2000, since its launch. To join our community and gain access to our market beating returns, just click on our logo below.Today, we are putting building supply product company Tecnoglass Inc. (NYSE: TGLS ) in the spotlight. The company posted its fourth quarter ...
Tecnoglass Q4 Earnings Beat Estimates, Revenues Rise 23% Y/Y
ZACKS· 2025-03-03 17:40
Tecnoglass Inc. (TGLS) reported fourth-quarter 2024 results, with the top and bottom lines increasing year over year. Revenues missed the Zacks Consensus Estimate, while earnings beat the same.Management attributed the strong performance in 2024 to market share gains in single-family residential, robust multi-family/commercial demand and the efficiencies of Tecnoglass’ vertically integrated business model. Investments in automation and capacity enhancements drove operational improvements, allowing the compa ...
Tecnoglass(TGLS) - 2024 Q4 - Annual Report
2025-02-28 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number 001-35436 TECNOGLASS INC. (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 98-1271120 Non ...
Tecnoglass to Attend the Raymond James 2025 Institutional Investors Conference
GlobeNewswire· 2025-02-27 21:15
Miami, FL, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced that the Company will attend the Raymond James 2025 Institutional Investors Conference in Orlando, FL on Tuesday, March 4, 2025. About Tecnoglass Tecnoglass Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass serv ...
Tecnoglass(TGLS) - 2024 Q4 - Earnings Call Transcript
2025-02-27 20:03
Financial Data and Key Metrics Changes - Tecnoglass reported record revenues of $890 million for the full year 2024, reflecting a 6.8% increase year-over-year [6][25] - Adjusted EBITDA for Q4 2024 increased by 27.9% year-over-year to $79.2 million, with a margin of 33.1% [26] - Full-year gross profit totaled $380 million, representing a gross margin of 42.7% [27] Business Line Data and Key Metrics Changes - Single-family residential revenues reached an all-time high of $372 million, driven by market share gains and geographic expansion [7][21] - Multifamily and commercial business revenues grew to a record $518 million, reflecting strong execution of the expanding backlog [7][14] - The backlog reached an all-time high of $1.1 billion, representing a 28% year-over-year increase [15] Market Data and Key Metrics Changes - The company is focusing on states projected to capture significant construction spending growth, particularly Florida and Texas, which are expected to account for nearly 30% of all construction starts through 2029 [23] - Federal infrastructure spending is providing additional support for growth in key markets [23] Company Strategy and Development Direction - Tecnoglass is committed to geographic expansion and innovation, particularly in the vinyl window market, which is expected to double revenues compared to the previous year [46][32] - The company is investing in automation and manufacturing capacity to improve operational efficiencies and meet growing demand [8][48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and visibility into 2026 and beyond, supported by a strong backlog and market leadership [11] - The company anticipates continued growth in single-family residential revenues and improved activity in short-term commercial projects [37] Other Important Information - The company ended the year with a net cash position and significant liquidity, maintaining a cash balance of $135 million [35] - Capital expenditures for 2025 are projected to be in the range of $65 to $70 million, focusing on efficiency initiatives and new showrooms [41] Q&A Session Summary Question: Can you talk about the expected cadence of vinyl revenues? - Management expects vinyl revenues to keep growing, potentially doubling from last year [46] Question: What is the potential for capacity expansion in 2025? - Current capacity utilization is at 65% to 70%, with investments in automation to improve efficiency [48] Question: How is the single-family market performing in early 2025? - The beginning of 2025 has shown extraordinary growth in the single-family market compared to previous months [53] Question: What impact will the proposed aluminum tariffs have? - The potential impact is estimated at about $25 million per year, primarily affecting aluminum components [68] Question: Has there been any change in competitor behavior in Florida? - Management has heard rumors but has not seen significant changes; the company continues to receive strong orders [77]
Tecnoglass(TGLS) - 2024 Q4 - Earnings Call Presentation
2025-02-27 19:01
Fourth Quarter and Full Year 2024 Earnings Conference Call Feb 27, 2025 – TECNOGLASS INC. (NYSE: TGLS) www.tecnoglass.com Disclaimer FORWARD LOOKING STATEMENTS This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Tecnoglass' current expectations or beliefs and are subject to uncertainty and chang ...
Tecnoglass (TGLS) Q4 Earnings Beat Estimates
ZACKS· 2025-02-27 15:05
Core Insights - Tecnoglass (TGLS) reported quarterly earnings of $1.05 per share, exceeding the Zacks Consensus Estimate of $1.01 per share, and up from $0.80 per share a year ago, representing an earnings surprise of 3.96% [1] - The company posted revenues of $239.57 million for the quarter ended December 2024, which was slightly below the Zacks Consensus Estimate by 0.59%, but an increase from $194.6 million year-over-year [2] - Tecnoglass has surpassed consensus EPS estimates three times over the last four quarters and has topped consensus revenue estimates three times as well [2] Earnings Outlook - The sustainability of Tecnoglass's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.81 on revenues of $204 million, and for the current fiscal year, it is $4.18 on revenues of $953 million [7] Industry Context - The Building Products - Retail industry, to which Tecnoglass belongs, is currently ranked in the bottom 29% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Tecnoglass's performance [5][6]