Financial Performance - Full Year Revenues increased 6.8% to a record $890.2 million, driven by organic growth and geographical expansion [2] - Full Year Net Income was $161.3 million, or $3.43 per diluted share, with Adjusted Net Income of $171.6 million, or $3.65 per diluted share [2] - Fourth Quarter Revenues rose 23.1% to a record $239.6 million, with Multi-family/commercial revenues growing 24.3% year-over-year [5] - Adjusted EBITDA for the full year was $275.8 million, representing 31.0% of total revenues, compared to 36.5% in the prior year [12] - Gross profit for the full year was $380 million, representing a 42.7% gross margin [12] - Net income for the year ended December 31, 2024, was $161.3 million, down from $183.5 million in 2023, representing a decline of 12.1% [26] - Adjusted EBITDA for the twelve months ended December 31, 2024, was $275,814 thousand, down from $304,117 thousand in 2023, reflecting a decrease of 9.3% [35] - The company reported a net loss income of $161,309 thousand for the twelve months ended December 31, 2024, compared to a net loss of $183,510 thousand in 2023, showing an improvement of 12.1% [35] Cash Flow and Liquidity - Cash provided by operating activities for the full year was $170.5 million, with a net cash position at year-end [15] - The Company ended 2024 with total liquidity of approximately $305.0 million, including $134.9 million in cash [15] - Cash provided by operating activities for the year ended December 31, 2024, was $170.5 million, an increase from $138.8 million in 2023 [28] - Cash at the end of the period on December 31, 2024, was $134.9 million, slightly up from $129.5 million at the end of 2023 [28] Shareholder Returns - The Company returned $19.7 million to shareholders through dividend payments during the year [2] - Basic income per share for Q4 2024 was $1.00, compared to $0.77 in Q4 2023, indicating a growth of 29.9% [35] - The diluted adjusted net income per share for Q4 2024 was $1.05, compared to $0.80 in Q4 2023, reflecting a growth of 31.3% [35] Backlog and Future Outlook - The backlog expanded 27.6% year-over-year to a record $1.1 billion, providing visibility into 2026 [2] - Full Year 2025 Outlook projects 10% revenue growth and 16% Adjusted EBITDA growth at the midpoint of guidance [3] Assets and Liabilities - Total assets as of December 31, 2024, reached $1.02 billion, up from $962.7 million in 2023, marking a growth of 5.6% [24] - Total liabilities decreased to $385.5 million as of December 31, 2024, from $414.7 million in 2023, a reduction of 7.0% [24] Foreign Currency Impact - The company experienced a foreign currency translation adjustment loss of $53.2 million for the year ended December 31, 2024, compared to a gain of $63.1 million in 2023 [26] - Foreign currency transaction losses for the twelve months ended December 31, 2024, were $5,665 thousand, compared to a gain of $686 thousand in 2023, indicating a negative shift [35] Other Financial Metrics - Interest expense decreased to $1,510 thousand in Q4 2024 from $2,259 thousand in Q4 2023, a reduction of 33.0% [35] - The provision for bad debt for the twelve months ended December 31, 2024, was $857 thousand, significantly lower than $2,809 thousand in 2023, a decrease of 69.5% [35] - The company incurred non-recurring expenses of $5,462 thousand for the twelve months ended December 31, 2024, slightly down from $6,494 thousand in 2023, a decrease of 15.9% [35]

Core Insights - Tecnoglass, Inc. reported a record revenue of $890.2 million for the full year 2024, reflecting a 6.8% increase driven by organic growth and geographical expansion [11][12] - The company achieved a net income of $161.3 million, or $3.43 per diluted share, with an adjusted net income of $171.6 million, or $3.65 per diluted share [12][9] - The company has introduced a 2025 outlook projecting a 10% revenue growth and a 16% adjusted EBITDA growth at the midpoint of guidance [2][16] Financial Performance - Full year single-family residential revenue grew to a record $372.1 million, up 10.9% year-over-year [11] - Full year adjusted EBITDA was $275.8 million, representing 31.0% of revenues [12] - Gross profit for the full year was $380 million, with a gross margin of 42.7% [12] Quarterly Results - Total revenues for the fourth quarter of 2024 increased 23.1% to a record $239.6 million compared to $194.6 million in the prior year quarter [5] - Net income for the fourth quarter was $47.0 million, or $1.00 per diluted share, compared to $36.3 million, or $0.77 per diluted share, in the prior year quarter [8] - Adjusted EBITDA for the fourth quarter was $79.2 million, or 33.1% of total revenues, compared to $62.0 million, or 31.8% of total revenues, in the prior year quarter [10] Operational Highlights - The company achieved an all-time high cash flow from operations of $170.5 million for the full year, representing 61.8% of adjusted EBITDA [13] - The backlog expanded 27.6% year-over-year to a record $1.1 billion, providing visibility into future revenues [11][3] - The company maintained a net cash position at year-end and paid down $65 million in debt throughout 2024 [15][12] Market Outlook - The company anticipates continued momentum in its vinyl-related revenues and stable activity in short-term commercial projects [16] - The 2025 outlook assumes stable Colombian peso exchange rates and plans to offset potential headwinds from higher installation revenues and salary increases through pricing actions and operational efficiencies [16] - The company is mindful of potential industry-wide risks associated with proposed U.S. tariffs on aluminum imports but has identified actions to mitigate negative impacts [3]

Core Viewpoint - Tecnoglass, Inc. is set to release its financial results for Q4 and full year 2024 on February 27, 2025, with a conference call scheduled for the same day to discuss the results [1]. Group 1: Financial Results Announcement - The financial results will be released before the market opens on February 27, 2025 [1]. - A webcast and conference call will take place at 10:00 a.m. Eastern time on the same day to review the results [1]. Group 2: Conference Call Details - The conference call will be available live over the Internet, accompanied by a slide presentation [2]. - Participants can access the call by visiting Tecnoglass' website and registering at least 15 minutes in advance [2]. - For those unable to access the webcast, a telephonic option is available by dialing specific numbers for domestic and international calls [2]. Group 3: Company Overview - Tecnoglass is a leading producer of high-end aluminum and vinyl windows and architectural glass, primarily serving the residential and commercial markets [4]. - The company is the second largest glass fabricator in the U.S. and the top architectural glass transformation company in Latin America [4]. - Tecnoglass operates a 5.6 million square foot manufacturing complex in Barranquilla, Colombia, serving nearly 1,000 customers across North, Central, and South America, with 95% of revenues coming from the U.S. [4].

Group 1 - Tecnoglass (TGLS) has returned 72.4% year-to-date, significantly outperforming the average gain of 29.4% in the Retail-Wholesale sector [4] - The Zacks Rank for Tecnoglass is 2 (Buy), indicating a positive analyst sentiment and a stronger earnings outlook, with a 3.8% increase in the consensus estimate for full-year earnings over the past 90 days [3] - Tecnoglass belongs to the Building Products - Retail industry, which has an average gain of 8.6% this year, further highlighting its strong performance relative to its peers [5] Group 2 - Urban Outfitters (URBN) has also outperformed the Retail-Wholesale sector with a year-to-date return of 48.6% and has a Zacks Rank of 1 (Strong Buy) [4][5] - The Retail-Wholesale sector includes 212 individual stocks and currently holds a Zacks Sector Rank of 8, indicating its relative performance among 16 different groups [2] - The Retail - Apparel and Shoes industry, to which Urban Outfitters belongs, has gained 36.8% this year, ranking 123 among industries [6]

Core Viewpoint - Tecnoglass, Inc. has announced a 36% increase in its quarterly dividend, reflecting strong cash flow generation and confidence in business trajectory [1][2]. Company Overview - Tecnoglass is a leading producer of high-end aluminum and vinyl windows and architectural glass, serving residential and commercial markets [2]. - The company is the second largest glass fabricator in the U.S. and the top architectural glass transformation company in Latin America [2]. - Tecnoglass operates a 5.6 million square foot manufacturing complex in Barranquilla, Colombia, serving nearly 1,000 customers across North, Central, and South America, with 95% of total revenues coming from the U.S. [2]. Dividend Announcement - The quarterly dividend has been increased from $0.11 to $0.15 per share, resulting in an annualized dividend of $0.60 compared to the previous $0.44 [1]. - Shareholders of record as of December 31, 2024, will receive the new dividend on January 31, 2025 [1]. Financial Management - The decision to raise the dividend is based on the Board's confidence in the company's cash flow and commitment to prudent balance sheet management [2]. - The company aims to deliver superior shareholder returns while maintaining financial flexibility for strategic growth initiatives [2].

Company Overview - Tecnoglass, Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass, serving multi-family, single-family, and commercial end markets [2] - The company is the second largest glass fabricator in the U.S. and the number one architectural glass transformation company in Latin America [2] - Tecnoglass operates a 5.6 million square foot manufacturing complex in Barranquilla, Colombia, providing efficient access to nearly 1,000 customers across North, Central, and South America, with 95% of total revenues coming from the U.S. [2] Recent Developments - Tecnoglass announced its participation in the Raymond James 2024 TMT & Consumer Conference in New York on December 10, 2024 [1]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Tecnoglass (TGLS) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank system, which has a strong track record of outperforming the market; TGLS has a Zacks Rank of 1 (Strong Buy) [3] Group 2: Tecnoglass Performance Metrics - TGLS shares have increased by 2.16% over the past week, outperforming the Zacks Building Products - Retail industry, which rose by 0.66% [6] - Over the last month, TGLS's price change is 14.79%, significantly higher than the industry's 6.71% [6] - In the last quarter, TGLS shares rose by 33.78%, and over the past year, they gained 113.43%, while the S&P 500 increased by 7.45% and 33.18%, respectively [7] Group 3: Trading Volume and Earnings Outlook - TGLS's average 20-day trading volume is 332,678 shares, indicating a bullish sign if the stock is rising with above-average volume [8] - Recent earnings estimate revisions show 3 estimates moving higher for the full year, raising the consensus estimate from $3.44 to $3.55 [10] - For the next fiscal year, 3 estimates have also increased, with no downward revisions, indicating positive earnings outlook [10] Group 4: Conclusion - TGLS is classified as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]

Group 1 - Tecnoglass (TGLS) is currently outperforming its peers in the Retail-Wholesale sector with a year-to-date return of approximately 74.9%, compared to the sector average of 30.8% [4] - The Zacks Rank for Tecnoglass is 1 (Strong Buy), indicating a positive earnings outlook as the consensus estimate for full-year earnings has increased by 3.8% over the past 90 days [3] - Tecnoglass belongs to the Building Products - Retail industry, which has an average year-to-date gain of 23.1%, further highlighting its strong performance relative to its industry [5] Group 2 - Urban Outfitters (URBN) is another stock in the Retail-Wholesale sector that has shown strong performance with a year-to-date return of 43% [4] - The consensus EPS estimate for Urban Outfitters has increased by 4.6% over the past three months, and it currently holds a Zacks Rank of 2 (Buy) [5] - The Retail - Apparel and Shoes industry, which includes Urban Outfitters, has seen an average increase of 38.4% since the beginning of the year [6]

On May 8th, 2023, we initiated coverage on Tecnoglass (NYSE: TGLS ), a company specializing in the production and commercialization of architectural glass, windows, and aluminum products for both residential and commercial buildings. The group demonstrated strongWelcome to my profile !I'm Vincent, and I have over three years of experience as a tech-oriented buy-side analyst at a major bank, where I managed U.S. equity portfolios with over $700M in assets under management. I’ve worked across both large-cap a ...

Miami, FL, Nov. 11, 2024 (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 Baird 2024 Global Industrial Conference in Chicago, IL on Wednesday, November 13, 2024. About Tecnoglass Tecnoglass Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass serving the ...