[Part I. Financial Information](index=4&type=section&id=Part%20I.%20Financial%20Information) [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) The unaudited condensed consolidated financial statements for the period ended June 30, 2025, demonstrate strong year-over-year growth in revenues and net income, with total assets increasing to **$1.18 billion** and shareholders' equity reaching **$736.0 million** [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets increased to **$1.18 billion** and shareholders' equity significantly grew to **$736.0 million**, driven by investments and strong retained earnings Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $639,399 | $560,010 | | **Property, plant and equipment, net** | $421,954 | $344,433 | | **Total Assets** | **$1,181,209** | **$1,016,648** | | **Total Current Liabilities** | $320,481 | $265,826 | | **Total Liabilities** | **$445,208** | **$385,465** | | **Total Shareholders' Equity** | **$736,001** | **$631,183** | [Condensed Consolidated Statements of Operations and Other Comprehensive Income](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Other%20Comprehensive%20Income) The company reported strong year-over-year growth for Q2 and H1 2025, with Q2 operating revenues increasing **16.3%** to **$255.5 million** and net income rising **25.8%** to **$44.1 million** Q2 2025 vs Q2 2024 Performance (in thousands, except EPS) | Metric | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Total Operating Revenues | $255,546 | $219,654 | 16.3% | | Gross Profit | $114,335 | $89,577 | 27.6% | | Operating Income | $61,204 | $51,134 | 19.7% | | Net Income | $44,083 | $35,028 | 25.8% | | Diluted EPS | $0.94 | $0.75 | 25.3% | H1 2025 vs H1 2024 Performance (in thousands, except EPS) | Metric | H1 2025 | H1 2024 | % Change | | :--- | :--- | :--- | :--- | | Total Operating Revenues | $477,834 | $412,281 | 15.9% | | Gross Profit | $211,860 | $164,237 | 29.0% | | Operating Income | $120,533 | $92,156 | 30.8% | | Net Income | $86,272 | $64,758 | 33.2% | | Diluted EPS | $1.84 | $1.38 | 33.3% | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2025, cash provided by operating activities was **$64.8 million**, while cash used in investing activities significantly increased to **$48.6 million** Six-Month Cash Flow Summary (in thousands) | Cash Flow Activity | H1 2025 | H1 2024 | | :--- | :--- | :--- | | **Cash Provided by Operating Activities** | **$64,760** | **$67,945** | | **Cash Used in Investing Activities** | **($48,627)** | **($27,802)** | | **Cash Used in Financing Activities** | **($14,924)** | **($40,327)** | | Net Increase (Decrease) in Cash | $3,025 | ($2,703) | | Cash and Cash Equivalents - End of period | $137,907 | $126,805 | - Key drivers for investing activities in H1 2025 included **$62.9 million** for property and equipment acquisition and **$6.8 million** for a business acquisition[15](index=15&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail significant accounting policies and events, including the **$10.4 million** acquisition of Continental Glass Systems and an increase in project backlog to **$820.0 million** - On April 3, 2025, the company acquired assets of Continental Glass Systems, LLC for a purchase price of **$10.4 million**, resulting in **$6.6 million** of goodwill[34](index=34&type=chunk)[35](index=35&type=chunk)[37](index=37&type=chunk) - As of June 30, 2025, the company had **$820.0 million** of remaining performance obligations (backlog), which it expects to recognize as revenue over the next three years[48](index=48&type=chunk) Revenue by Geography - H1 2025 vs H1 2024 (in thousands) | Geography | H1 2025 | H1 2024 | | :--- | :--- | :--- | | United States | $454,801 | $393,701 | | Colombia | $13,035 | $11,069 | | Other | $10,000 | $7,511 | | **Total Revenues** | **$477,834** | **$412,281** | - The company declared a quarterly dividend of **$0.15 per share** on June 10, 2025[85](index=85&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes strong Q2 and H1 2025 performance to robust U.S. market activity and commercial backlog execution, with expanded gross margins and a strong liquidity position of **$137.9 million** in cash [Results of Operations](index=28&type=section&id=Results%20of%20Operations) Q2 2025 revenues increased **16.3%** to **$255.5 million**, driven by U.S. market growth, while gross margin expanded to **44.7%** despite a **38.2%** rise in operating expenses due to new tariffs - Q2 2025 revenue growth was driven by a **$32.6 million (15.6%)** increase in the U.S. market, with residential revenues up **14.5%** and commercial revenues up **16.5%**[100](index=100&type=chunk) - Gross margin for Q2 2025 expanded to **44.7%** from **40.8%** in Q2 2024, aided by better pricing, improved operating leverage, and favorable FX dynamics as the Colombian peso depreciated **7.0%** against the USD[101](index=101&type=chunk)[102](index=102&type=chunk) - Operating expenses in Q2 2025 increased by **$14.7 million**, largely due to an **$8.2 million** expense from recent U.S. tariffs, as well as higher personnel and shipping costs[103](index=103&type=chunk) [Liquidity and Capital Resources](index=31&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity with **$137.9 million** in cash and **$175.0 million** available credit, supporting **$62.9 million** in H1 2025 capital expenditures and the Continental Glass Systems acquisition - As of June 30, 2025, the company had cash and cash equivalents of **$137.9 million** and approximately **$175.0 million** available under several lines of credit[117](index=117&type=chunk) - Capital investments in H1 2025 amounted to **$62.9 million**, which included **$15 million** for real estate in South Florida for the Continental Glass Systems operations[119](index=119&type=chunk) - The acquisition of Continental Glass Systems had a total purchase price of **$10.4 million**, of which **$6.8 million** was paid in cash during the period[120](index=120&type=chunk)[124](index=124&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company faces primary market risks from foreign currency fluctuations, particularly COP/USD exchange rates, and volatile aluminum prices, while interest rate risk is minimal due to hedging - The company is exposed to foreign currency risk as approximately **25%** of its costs are in Colombian pesos (COP) while revenues are primarily in USD; a hypothetical **5%** appreciation of the COP would result in a **$4.5 million** decrease to net earnings based on H1 2025 results[128](index=128&type=chunk) - The company is subject to market risk from volatility in aluminum prices, a principal raw material, and attempts to mitigate this by aligning raw material costs with selling prices[132](index=132&type=chunk) - Interest rate risk is not significant as the majority of the company's variable-rate debt is covered by interest rate hedging instruments[127](index=127&type=chunk) [Item 4. Controls and Procedures](index=34&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, excluding the newly acquired Continental Glass Systems, which will be integrated by fiscal year-end 2026 - The principal executive and financial officers concluded that disclosure controls and procedures were effective as of June 30, 2025[134](index=134&type=chunk) - The internal control evaluation excluded the newly acquired Contiglass Asset Acquisition, LLC, in accordance with SEC guidance; Contiglass will be included in the assessment for the fiscal year ending December 31, 2026[135](index=135&type=chunk) [Part II. Other Information](index=35&type=section&id=Part%20II.%20Other%20Information) [Item 1. Legal Proceedings](index=35&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no material legal proceedings, with ongoing matters considered part of the ordinary course of business and not expected to have a material adverse effect - The company reports no material legal proceedings and states that any ongoing matters are part of the ordinary course of business[138](index=138&type=chunk) [Item 1A. Risk Factors](index=35&type=section&id=Item%201A.%20Risk%20Factors) A new material risk factor highlights the potential adverse impact of recently imposed U.S. tariffs, including a **50%** tariff on steel and aluminum and a **10%** universal import tariff, on the company's costs and competitiveness - A new risk factor highlights the negative impact of recently imposed U.S. tariffs on the company's business[139](index=139&type=chunk) - Specific tariffs mentioned include a doubling of steel and aluminum tariffs to **50%** ad valorem in June 2025 and a new universal **10%** tariff on all imports from all countries, including Colombia, effective April 2025[139](index=139&type=chunk)[140](index=140&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=35&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **2,800** shares at an average price of **$76.9 per share** during Q2 2025, with approximately **$76.5 million** remaining available under the buyback program Share Repurchase Activity (Q2 2025) | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | April 2025 | 1,420 | $76.9 | | May 2025 | 930 | $76.9 | | June 2025 | 450 | $75.3 | | **Total** | **2,800** | **$76.9** | - As of June 30, 2025, **$76,527,637** remained available for repurchase under the company's share buyback program[143](index=143&type=chunk) [Item 5. Other Information](index=37&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted or terminated Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the second quarter of 2025 - No directors or officers adopted or terminated any Rule 10b5-1 trading plans during the quarter ended June 30, 2025[144](index=144&type=chunk) [Item 6. Exhibits](index=37&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and interactive data files (XBRL) - The report includes required certifications from the CEO and CFO under Sections 302 and 906 of the Sarbanes-Oxley Act, as well as XBRL financial data[145](index=145&type=chunk)

Financial Data and Key Metrics Changes - Total revenues for the second quarter reached a record $255.5 million, up 16.3% year over year, driven by strong organic growth in both single-family residential and multifamily commercial businesses [5][18] - Adjusted EBITDA for the quarter was $79.8 million, representing an adjusted EBITDA margin of 31.2%, an increase from $64.1 million or a 29.2% margin in the prior year quarter [18][19] - Gross profit increased to $114.3 million, with a gross margin of 44.7%, compared to a gross margin of 40.8% in the prior year quarter, reflecting a 400 basis point improvement [19][20] Business Line Data and Key Metrics Changes - Single-family residential revenues grew 14.5% year over year to a record $109.6 million, with a strong sequential growth of 29% in orders compared to the previous quarter [6][10] - Multifamily and commercial revenues increased 17.8% year over year to $145.9 million, capitalizing on demand for luxury mid to high-rise projects in Florida [6][11] - The backlog reached an all-time high of $1.2 billion, representing approximately 2.2 times the last twelve months (LTM) multifamily and commercial revenues [11][13] Market Data and Key Metrics Changes - The company reported a healthy book-to-bill ratio of 1.2 times, maintaining a ratio above 1.1 times for eighteen consecutive quarters [13] - The backlog composition is shifting towards high-end, large-sized projects that are less sensitive to interest rate changes, providing resilience against economic fluctuations [13][14] Company Strategy and Development Direction - The company is focused on geographic expansion and enhancing its product portfolio, including the introduction of a new vinyl product line [16][27] - The acquisition of Continental Glass Systems is expected to strengthen capabilities in high-end architectural glass and diversify production into the U.S. market [11][12] - The company aims to maintain operational excellence and industry-leading margins while navigating macroeconomic uncertainties [7][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow faster than the market in 2025 and beyond, supported by a strong balance sheet and substantial cash position [9][24] - The company anticipates continued strong cash flow generation and has updated its full-year revenue guidance to a range of $980 million to $1.02 billion, reflecting approximately 12% growth at the midpoint [25][26] - Management noted that the market is expected to pick up again, particularly in the Florida region, despite typical seasonal slowdowns [52][54] Other Important Information - The company generated operating cash flow of $17.9 million in the second quarter, with total liquidity of approximately $310 million at quarter end [22] - Capital expenditures for the quarter were $32.5 million, including $15.1 million related to the Continental Glass Systems acquisition [22][26] Q&A Session Summary Question: Revenue pull forward impact - Management clarified that the $5 million to $7 million pull forward occurred before the announcement of price increases, with most of it expected to impact Q3 [30][31] Question: Manufacturing facility in the U.S. - Management is in the early stages of planning a fully automated plant in the U.S. and is optimistic about its potential [32] Question: Margin expectations for the second half - Management indicated that gross margins are expected to remain stable, with potential headwinds from increased commercial construction [38][41] Question: Pricing relative to competition - Management stated that pricing increases are in line with competitors, with a focus on residential projects [43] Question: July performance and new product lines - Management reported a strong July, marking the highest revenue month in the company's history, and provided updates on the new vinyl product line [48][49]

Core Insights - Tecnoglass reported revenue of $255.55 million for the quarter ended June 2025, reflecting a year-over-year increase of 16.3% [1] - The company's EPS was $1.03, up from $0.86 in the same quarter last year, exceeding the consensus EPS estimate of $0.95 by 8.42% [1] - The revenue surpassed the Zacks Consensus Estimate of $245.57 million, resulting in a surprise of 4.06% [1] Financial Performance - Tecnoglass achieved a revenue of $242.21 million from the United States, exceeding the two-analyst average estimate of $234.65 million [4] - Revenue from other geographic regions was reported at $6.72 million, significantly higher than the estimated $3.75 million, marking a 62.9% increase year-over-year [4] - Revenue from Colombia was $6.62 million, surpassing the average estimate of $5.3 million, with a year-over-year growth of 13.5% [4] Market Performance - Shares of Tecnoglass have returned 1.9% over the past month, outperforming the Zacks S&P 500 composite's return of 1.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Performance - Total revenues reached a record $255.5 million in Q2 2025, a 16.3% year-over-year increase[9, 30] - Adjusted EBITDA increased 24.5% year-over-year to $79.8 million, with a margin of 31.2%[9, 10, 33] - Single-family residential revenues grew 14.5% year-over-year to $109.6 million in Q2 2025[10, 30] - Multi-family and commercial revenues increased 17.8% year-over-year to $145.9 million in Q2 2025[10] - Gross margin improved by 400 bps year-over-year to 44.7% in Q2 2025[10, 33] - Adjusted net income was $48.5 million, with adjusted EPS of $1.03[10] Backlog and Orders - Backlog reached a record $1.20 billion, a 17.2% year-over-year increase[9, 10, 14] - U S backlog represents 97% of total backlog[13, 14] - Single-family residential orders increased 29% sequentially in Q2 2025[10, 23] Outlook - The company anticipates full year 2025 revenue between $980 million and $1.02 billion[50] - The company anticipates full year 2025 Adjusted EBITDA between $310 million and $325 million[50]

Tecnoglass Q2 2025 Earnings Release [Financial & Operational Highlights](index=1&type=section&id=Financial%20%26%20Operational%20Highlights) Tecnoglass achieved record Q2 2025 results, with **$255.5 million** revenue, **44.7%** gross margin, **$79.8 million** Adjusted EBITDA, and a **$1.2 billion** backlog Key Financial & Operational Metrics | Metric | Q2 2025 Value | Year-over-Year Change | | :--- | :--- | :--- | | Total Revenue | $255.5 Million | +16.3% | | Single-Family Residential Revenue | $109.6 Million | +14.5% | | Gross Margin | 44.7% | +400 bps | | Net Income | $44.1 Million | - | | Adjusted Net Income | $48.5 Million | - | | Adjusted EBITDA | $79.8 Million | +24.5% | | Adjusted EBITDA Margin | 31.2% | - | | Backlog | $1.2 Billion | +17.2% | - Strategic operational highlights include the completion of the **Continental Glass Systems** asset acquisition to diversify production into the U.S., signing a lease for a West Coast showroom to promote the new **"Legacy"** aluminum product line, and continuing a feasibility study for a new automated facility in Florida[2](index=2&type=chunk) [Management Commentary](index=1&type=section&id=Management%20Commentary) Management attributed record quarterly performance to the vertically integrated platform, successful pricing, and strategic diversification, with a **$1.2 billion** backlog providing visibility into 2026 - CEO José Manuel Daes emphasized that the company's vertically integrated platform, successful pricing, and the **Continental Glass** acquisition are key drivers of growth and margin expansion[4](index=4&type=chunk) - COO Christian Daes noted that the record **$1.2 billion** backlog provides project visibility well into 2026, supported by a solid uptick in single-family residential orders and an expanding geographic footprint, including a new California showroom[4](index=4&type=chunk) [Detailed Financial Performance (Q2 2025)](index=2&type=section&id=Detailed%20Financial%20Performance%20(Q2%202025)) Q2 2025 saw record revenue of **$255.5 million** (+16.3% YoY), gross margin improvement to **44.7%**, and Adjusted EBITDA growth of **24.5%** to **$79.8 million** [Revenue Analysis](index=2&type=section&id=Revenue%20Analysis) Total revenues for Q2 2025 reached a record **$255.5 million**, increasing **16.3%** YoY, driven by strong growth in both multi-family/commercial and single-family residential segments Revenue Breakdown by Segment | Revenue Segment | Q2 2025 Revenue | YoY Growth | | :--- | :--- | :--- | | **Total Revenues** | **$255.5 Million** | **+16.3%** | | Multi-family/Commercial | - | +17.8% | | Single-family Residential | - | +14.5% | - A portion of the single-family residential growth was attributed to customers accelerating orders ahead of anticipated tariff-related price adjustments[5](index=5&type=chunk) [Profitability Analysis](index=2&type=section&id=Profitability%20Analysis) Gross margin expanded by **400 basis points** to **44.7%** in Q2 2025, contributing to a **24.5%** increase in Adjusted EBITDA to **$79.8 million** despite higher SG&A Key Profitability Metrics | Profitability Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Gross Profit | $114.3 Million | $89.6 Million | | Gross Margin | 44.7% | 40.8% | | Net Income | $44.1 Million | $35.0 Million | | Diluted EPS | $0.94 | $0.75 | | Adjusted Net Income | $48.5 Million | $40.5 Million | | Adjusted Diluted EPS | $1.03 | $0.86 | | Adjusted EBITDA | $79.8 Million | $64.1 Million | | Adjusted EBITDA Margin | 31.2% | 29.2% | - SG&A expenses increased mainly due to **$5.9 million** in aluminum tariffs paid in April and higher transportation and personnel expenses, partially offset by late-quarter price adjustments[7](index=7&type=chunk) [Cash Flow, Capital Allocation & Liquidity](index=3&type=section&id=Cash%20Flow%2C%20Capital%20Allocation%20%26%20Liquidity) Tecnoglass generated **$17.9 million** in operating cash flow, invested **$32.5 million** in capex (including **Continental Glass**), and maintained strong liquidity of **$310 million** Cash Flow & Liquidity Summary | Metric | Q2 2025 Value | | :--- | :--- | | Cash from Operating Activities | $17.9 Million | | Capital Expenditures | $32.5 Million | | Cash Dividends Paid | $7.0 Million | | Total Liquidity (End of Q2) | $310 Million | | Cash and Cash Equivalents | $137.9 Million | | Total Debt | $109.2 Million | - The company has approximately **$76.5 million** remaining under its current share repurchase program as of August 7, 2025[12](index=12&type=chunk) [Strategic Initiatives & Corporate Developments](index=3&type=section&id=Strategic%20Initiatives%20%26%20Corporate%20Developments) Tecnoglass is pursuing strategic growth through the **Continental Glass Systems** acquisition and advancing U.S. expansion with a new Florida facility feasibility study and West Coast showroom [Continental Glass Asset Acquisition](index=3&type=section&id=Continental%20Glass%20Asset%20Acquisition) In April 2025, Tecnoglass acquired assets from **Continental Glass Systems** for approximately **$30 million** to strengthen its U.S. market presence and create operational synergies - Acquired certain assets of **Continental Glass Systems** for approximately **$30 million** in April 2025[15](index=15&type=chunk) - The acquisition is aimed at strengthening U.S. market presence, broadening client reach, and creating synergies in the architectural glass industry[15](index=15&type=chunk) [U.S. Expansion Plans](index=1&type=section&id=U.S.%20Expansion%20Plans) The company is advancing U.S. expansion with a West Coast showroom for its **"Legacy"** aluminum product line and a feasibility study for a new automated Florida manufacturing facility - A feasibility study is underway for a new, fully automated facility in Florida to address future growth, diversify operations, and improve logistics[2](index=2&type=chunk)[14](index=14&type=chunk) - A lease was signed for a West Coast showroom to promote the new **"Legacy"** aluminum product line and support geographical expansion[2](index=2&type=chunk) [Full Year 2025 Guidance](index=3&type=section&id=Full%20Year%202025%20Guidance) Tecnoglass raised its full-year 2025 guidance, projecting revenues between **$980 million** and **$1.02 billion** and Adjusted EBITDA of **$310 million** to **$325 million** Full Year 2025 Financial Guidance | Guidance Metric | Full Year 2025 Range | Midpoint Growth | | :--- | :--- | :--- | | Revenues | $980 Million - $1.02 Billion | ~12% | | Adjusted EBITDA | $310 Million - $325 Million | ~15% | - The updated outlook assumes that pricing initiatives will more than compensate for a projected **$25 million** full-year impact from elevated input costs and tariffs[16](index=16&type=chunk) [Financial Statements](index=5&type=section&id=Financial%20Statements) The consolidated financial statements show total assets of **$1.18 billion**, net income of **$86.3 million** for six months, and **$64.8 million** cash from operations [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets increased to **$1.18 billion**, driven by property, plant, and equipment and inventories, with shareholders' equity reaching **$736.0 million** Consolidated Balance Sheet Highlights (in thousands) | Balance Sheet Item | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $137,907 | $134,882 | | Total current assets | $639,399 | $560,010 | | Total assets | $1,181,209 | $1,016,648 | | Total current liabilities | $320,481 | $265,826 | | Total liabilities | $445,208 | $385,465 | | Total shareholders' equity | $736,001 | $631,183 | [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) Q2 2025 operating revenues were **$255.5 million**, yielding a gross profit of **$114.3 million** and net income of **$44.1 million** (**$0.94** per diluted share) Consolidated Statements of Operations (Q2, in thousands) | Income Statement Item | 2025 | 2024 | | :--- | :--- | :--- | | Total operating revenues | $255,546 | $219,654 | | Gross profit | $114,335 | $89,577 | | Operating income | $61,204 | $51,134 | | Net income | $44,083 | $35,028 | | Diluted income per share | $0.94 | $0.75 | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2025, cash provided by operating activities was **$64.8 million**, with a net cash increase of **$3.0 million** for the period Consolidated Statements of Cash Flows (Six Months Ended June 30, in thousands) | Cash Flow Item | 2025 | 2024 | | :--- | :--- | :--- | | Cash Provided by Operating Activities | $64,760 | $67,945 | | Cash Used in Investing Activities | $(48,627) | $(27,802) | | Cash Used in Financing Activities | $(14,924) | $(40,327) | | Net Increase/(Decrease) in Cash | $3,024 | $(2,703) | [Supplemental Information](index=9&type=section&id=Supplemental%20Information) This section provides geographic revenue breakdown, with the U.S. as the dominant market, and reconciliations of non-GAAP measures like Adjusted EBITDA and Free Cash Flow [Revenues by Region](index=9&type=section&id=Revenues%20by%20Region) In Q2 2025, U.S. revenues grew **15.5%** to **$242.2 million**, comprising the majority of sales, while other countries saw significant **62.9%** growth Revenues by Geographic Region (Q2 2025, in thousands) | Region | Q2 2025 Revenue | YoY Change | | :--- | :--- | :--- | | United States | $242,205 | +15.5% | | Colombia | $6,620 | +13.5% | | Other Countries | $6,722 | +62.9% | | **Total** | **$255,546** | **+16.3%** | [Reconciliation of Non-GAAP Measures](index=10&type=section&id=Reconciliation%20of%20Non-GAAP%20Measures) Detailed reconciliations are provided for non-GAAP metrics, including Adjusted EBITDA of **$79.8 million** and Free Cash Flow of **$0.474 million** for Q2 2025 Reconciliation to Adjusted EBITDA (Q2 2025, in thousands) | Reconciliation to Adjusted EBITDA | Amount | | :--- | :--- | | Net income | $44,083 | | Add: Interest expense | $1,350 | | Add: Income tax provision | $18,148 | | Add: Depreciation & amortization | $9,145 | | Add/Subtract: Other adjustments | $7,053 | | **Adjusted EBITDA** | **$79,779** | Reconciliation to Free Cash Flow (Q2 2025, in thousands) | Reconciliation to Free Cash Flow | Amount | | :--- | :--- | | Cash Provided by Operating Activities | $17,862 | | Less: Acquisition of property and equipment | $(32,515) | | Add back: Portion of asset acquisition in capex | $15,127 | | **Free Cash Flow** | **$474** |

Core Viewpoint - Tecnoglass, Inc. is set to release its financial results for the second quarter of 2025 on August 7, 2025, before market opening, followed by a conference call to discuss the results [1] Company Overview - Tecnoglass, Inc. is a prominent manufacturer of high-end aluminum and vinyl windows and architectural glass, catering to both residential and commercial markets [4] - The company is the second largest glass fabricator in the U.S. and the leading architectural glass transformation company in Latin America [4] - Tecnoglass operates a 5.8 million square foot manufacturing facility in Barranquilla, Colombia, serving nearly 1,000 customers across North, Central, and South America, with 95% of its total revenues generated from the U.S. market [4] - The company's products are featured in notable properties such as One Thousand Museum in Miami and Salesforce Tower in San Francisco [4]

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 5.8 million square foot manufacturing complex in Barranquilla, Colombia, providing access to nearly 1,000 customers across North, Central, and South America, with 95% of total revenues coming from the U.S. [2] Recent Financial Announcement - The Board of Directors has declared a quarterly dividend of $0.15 per share, which annualizes to $0.60 per share for the second quarter of 2025 [1] - Shareholders of record as of June 30, 2025, will receive the dividend payment on July 31, 2025 [1] Notable Projects - Tecnoglass' products are featured in prominent properties such as One Thousand Museum (Miami), Salesforce Tower (San Francisco), and Aeropuerto Internacional El Dorado (Bogotá) [2]

Group 1 - Tecnoglass Inc. (NYSE: TGLS) experienced volume recovery in the single-family residential sector and achieved solid double-digit topline growth in Q1 2025 [1] - The growth trend is expected to continue due to a favorable demand environment [1] Group 2 - The article emphasizes the importance of strong foundational companies in the technology, industrial, and conglomerate sectors for long-term success [1] - The analysis combines financial examination with narrative storytelling to provide insights into company performance and market understanding [1]

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 5.8 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] Product and Market Presence - The company's high-end products are featured in notable properties such as One Thousand Museum (Miami), Salesforce Tower (San Francisco), and Aeropuerto Internacional El Dorado (Bogotá) [2] - Tecnoglass has established a strong market presence in the architectural glass sector, particularly in the U.S. and Latin America [2] Upcoming Events - Tecnoglass will attend the B. Riley Securities 25th Annual Institutional Investor Conference on May 21, 2025, in Marina Del Rey, CA [1]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim 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 [3] Group 2: Tecnoglass Performance Metrics - TGLS shares have increased by 10.94% over the past week, significantly outperforming the Zacks Building Products - Retail industry, which rose by only 0.28% [5] - Over the past quarter, TGLS shares have gained 18.89%, and over the last year, they have increased by 57.52%, while the S&P 500 has moved -2.89% and 12.85% respectively [6] - The average 20-day trading volume for TGLS is 392,172 shares, indicating a bullish sign when combined with rising stock prices [7] Group 3: Earnings Outlook - In the past two months, two earnings estimates for TGLS have been revised upwards, raising the consensus estimate from $4.05 to $4.14 [9] - For the next fiscal year, two estimates have also moved upwards with no downward revisions during the same period [9] Group 4: Conclusion - TGLS is rated as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]