Tecnoglass(TGLS)

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Tecnoglass: Take-Private Candidate With Strong Fundamentals
Seeking Alpha· 2024-09-17 06:53
EschCollection/DigitalVision via Getty Images Investment Thesis Tecnoglass (NYSE:TGLS) is a regional market leader in the Southeast of the US (particularly in Florida) with two key differentiators: (i) a cost advantage enabled by its near-shored production base in Colombia, and evidenced by its best-in-class margins, and (ii) a vertically integrated production model, from aluminium extrusion and glass transformation, all the way to product design, distribution and installation. As a market leader in a cycli ...
Tecnoglass (TGLS) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKS· 2024-09-16 13:50
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock ali ...
Tecnoglass Announces Third Quarter 2024 Dividend
GlobeNewswire News Room· 2024-09-05 11:00
Miami, FL, Sept. 05, 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 its Board of Directors has declared a quarterly dividend of $0.11 per share, or $0.44 per share on an annualized basis, for the third quarter of 2024. Shareholders of record as of the close of business on September 30, 2024 will be paid a divide ...
Here's Why Momentum in Tecnoglass (TGLS) Should Keep going
ZACKS· 2024-08-30 13:50
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Inv ...
Tecnoglass (TGLS) Is Up 5.03% in One Week: What You Should Know
ZACKS· 2024-08-22 17:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...
Tecnoglass(TGLS) - 2024 Q2 - Quarterly Report
2024-08-08 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 (State or other jurisdiction ...
Tecnoglass(TGLS) - 2024 Q2 - Earnings Call Presentation
2024-08-08 17:35
Second Quarter 2024 Earnings Conference Call Aug 8, 2024 – 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 changes in circumsta ...
Tecnoglass(TGLS) - 2024 Q2 - Earnings Call Transcript
2024-08-08 17:34
Financial Data and Key Metrics Changes - The company reported total revenues of $219.7 million for Q2 2024, a decrease of 2.5% year-over-year, but it is the second highest revenue quarter in the company's history [14] - Single-family residential revenues reached a record $95.7 million, up 10.1% year-over-year, driven by strong demand and a pull forward effect from a sales tax waiver in Florida [5][12] - Adjusted EBITDA for the quarter was $64.1 million, representing an adjusted EBITDA margin of 29.2% [14] - Gross profit was $89.6 million with a gross margin of 40.8%, down from 48.7% in the prior year quarter, primarily due to unfavorable foreign exchange impacts and higher salary expenses [15] Business Line Data and Key Metrics Changes - The single-family residential business saw a significant increase in revenues, while the multifamily commercial business experienced a decline compared to the prior year due to higher interest rates [6][10] - The multifamily commercial backlog reached approximately $1 billion, reflecting strong demand and visibility into 2025 and 2026 [10][11] - Residential orders increased over 60% year-over-year, contributing to a record backlog [6][12] Market Data and Key Metrics Changes - The company noted strong demand in key markets such as Florida, New York, Boston, and the Carolinas, which are driving order growth [24] - The company expects stable activity in short-term small commercial projects and large multifamily projects to remain on schedule [19] Company Strategy and Development Direction - The company is focused on expanding its dealer base, geographic presence, and product offerings, particularly in the vinyl market, which is expected to contribute significantly to revenue growth [13] - The strategic review of alternatives is ongoing, with no specific outcomes announced yet [4][45] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges related to inflation and interest rates, supported by a strong backlog and customer relationships [5][19] - The company updated its full-year 2024 revenue outlook to a range of $860 million to $910 million, indicating organic growth [18] Other Important Information - The company generated strong operating cash flow of $34.5 million and made $30 million in debt repayments year-to-date, resulting in a low net leverage ratio [16] - Capital expenditures for 2024 are guided to be around $40 million to $45 million, including investments for capacity expansion [29] Q&A Session Summary Question: Guidance for Q3 sales, gross margin, and EBITDA expectations - Management expects revenues in the range of $240 million to $250 million, with gross margins around 43% and EBITDA of approximately $75 million to $80 million [20][21] Question: Impact of aluminum prices on gross margins - Management indicated that they have hedged aluminum prices and expect stable pricing, which should not significantly impact margins [21][22] Question: Geographic strength in new orders and backlog - Orders are primarily coming from Florida, New York, Boston, and the Carolinas [24] Question: CapEx guidance for 2024 - CapEx is expected to be around $40 million to $45 million, with a focus on capacity expansion [29] Question: Impact of promotional activity on single-family residential - The residual impact of promotional activity was already accounted for in Q2, and no further impact is expected for the remainder of the year [31] Question: Update on strategic review - No updates were provided on the strategic review process [45]
Tecnoglass (TGLS) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-08 13:56
Tecnoglass (TGLS) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 6.17%. A quarter ago, it was expected that this architectural glass maker would post earnings of $0.67 per share when it actually produced earnings of $0.66, delivering a surprise of -1.49%. Over the last four quarters, ...
Tecnoglass(TGLS) - 2024 Q2 - Quarterly Results
2024-08-08 11:05
Exhibit 99.1 Tecnoglass Reports Second Quarter 2024 Results - Revenue of $219.7 Million - - Strong Organic Growth in Single-Family Residential Revenue to a Record $95.7 Million - - Net Income of $35.0 Million, or $0.75 Per Diluted Share - - Adjusted Net Income of $40.5 Million, or $0.86 Per Diluted Share - - Adjusted EBITDA of $64.1 Million - - Strong Cash Flow from Operations of $34.5 Million, Representing 54% of Adjusted EBITDA - - All Time Record Low Net Leverage Ratio of 0.06x at Quarter End - - Backlog ...