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 March 31, 2024 TECNOGLASS INC. ☐ 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 (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 98-1271120 (State or other jurisdictio ...

Financial Data and Key Metrics Changes - The company reported revenues of $192.6 million for Q1 2024, a decrease of 4.9% year-over-year, primarily due to lower single-family residential revenues and maintenance downtime [11][41] - Adjusted EBITDA for Q1 2024 was $51 million, with an adjusted EBITDA margin of 26.5% [17] - The net debt-to-adjusted EBITDA ratio improved to a record low of 0.1x as of March 31, 2024, indicating strong financial health [12][20] Business Line Data and Key Metrics Changes - Single-family residential revenues were $73 million in Q1 2024, down from $84 million in the prior year, attributed to higher interest rates affecting demand [15] - Multifamily commercial revenues remained strong, supported by a record backlog of $960 million, reflecting healthy demand in key markets [35][37] - The company is experiencing a positive response to its vinyl product line, with expectations to ramp up deliveries in the latter half of 2024 [6][16] Market Data and Key Metrics Changes - The backlog has consistently grown, reaching $916 million, which is 1.8 times the last twelve months' multifamily and commercial revenues [14][37] - Orders for single-family residential products increased over 12% year-over-year in March and April, indicating a potential recovery in this segment [15][35] - The company is expanding its geographic presence in Florida and other southern states, benefiting from favorable demographic trends [38][40] Company Strategy and Development Direction - The company is focused on geographic diversification and strengthening customer relationships to capture additional market value [5] - The strategic entry into the vinyl market is expected to significantly expand the addressable market and drive organic growth [6][16] - The company aims to maintain a strong book-to-bill ratio, which stood at 1.2x as of Q1 2024, ensuring visibility into future revenues [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about underlying business drivers despite macroeconomic challenges, with a robust project pipeline supporting healthy activity [5][11] - The company provided three scenarios for 2024 revenue growth, with a base case of 5% growth, resulting in approximately $875 million in revenues [21][22] - Management acknowledged the impact of interest rates on consumer purchasing decisions but remains confident in the strength of key geographies and new product initiatives [22][35] Other Important Information - The company generated strong cash flow from operations of $33 million in Q1 2024, with free cash flow of $24 million [12][19] - The company returned $4.2 million to shareholders through dividends during the quarter and has approximately $26 million available for share repurchases [44] Q&A Session Summary Question: What is the expected split between commercial and residential revenue? - The company expects commercial to account for about 57% of total revenue, with residential at 43% [50] Question: What are the expectations for sales, gross margin, and EBITDA for Q2? - The company is modeling sales around $2.10 to $2.25, with expectations for improved gross margins due to operating leverage [54] Question: Can you provide details on the vinyl windows initiative? - The company is ramping up its vinyl product line and expects significant improvements in the second half of the year as the complete line is developed [61][62] Question: What is the mix between new construction and repair & remodeling in residential? - The mix is roughly two-thirds repair and remodeling and one-third new home construction, with expectations for a shift towards a more balanced mix as interest rates stabilize [63][64] Question: How is the backlog expected to grow? - The backlog is expected to continue growing due to strong quoting and bidding activity, particularly in Florida [80]

NO OFFER OR SOLICITATION Earnings Presentation | March 2024 2 Highlights FY 2023 Key Takeaways FY'23 Operating Cash Flow $870.1 mm 2015 2019 COVID-19 Pandemic Sales reps in expanding geographies building relationships with targeted general contractors, developers, architects & glazers Revenue increase of 44% YoY at the higher end of guidance; gross margin up ~790 bps Record backlog of $870.1 mm, up ~20% YoY Revenues Adjusted EBITDA 2024 Outlook ▪ Q1'24 revenue expected to be the seasonal low quarter and inc ...

Tecnoglass Inc. (NYSE:TGLS) Q4 2023 Earnings Conference Call March 1, 2024 10:00 AM ET Company Participants Brad Cray - ICR, IR Jose Manuel Daes - CEO Chris Daes - COO Santiago Giraldo - CFO Conference Call Participants Sam Darkatsh - Raymond James Stanley Elliott - Stifel Tim Wojs - Baird Operator Greetings. Welcome to the Tecnoglass, Inc. Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation ...

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, 2023 ☐ 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 (St ...

Exhibit 99.1 Tecnoglass Reports Record Financial Metrics Across the Board for Full Year 2023 - Full Year Revenues Increased 16% to a Record $833.3 Million Through Entirely Organic Growth - - Full Year Net Income of $183.5 Million, or $3.85 Per Diluted Share; Full Year Adjusted Net Income of $189.3 Million, or $3.98 Per Diluted Share - - Full Year Adjusted EBITDA up 15% to an all-time high of $304.1 Million, Representing 36.5% of Revenues - - Record Full Year Gross Profit of $390.9 Million, Producing Gross M ...

13 3 Year Average ROE 3 Year Average ROIC Notes: Evolution of Revenue & Adjusted EBITDA Revenues Adjusted EBITDA Investment in top-class manufacturing facility to produce high-spec insulated glass Entered into JV agreement with Saint Gobain for secure float glass supply Investments in automation began, $25 mm of Capex invested during 2019 COVID-19 Pandemic Sales reps in expanding geographies building relationships with targeted general contractors, developers, architects & glazers Revenue increase of 44% Yo ...

Revenue and Profitability - Operating revenues increased by $9.0 million, or 4.4%, from $201.8 million in Q3 2022 to $210.7 million in Q3 2023, driven by U.S. market activity[96] - Gross profit for Q3 2023 was $90.5 million, a decrease of $14.8 million, or 14.0%, from $105.3 million in Q3 2022, with a gross profit margin of 43.0% compared to 52.2% in the prior year[97] - Net income for Q3 2023 was $46.1 million, compared to $46.9 million in Q3 2022, reflecting a stable performance despite revenue fluctuations[104] - For the nine months ended September 30, 2023, operating revenues increased by $133.2 million, or 26.4%, from $505.5 million in 2022 to $638.7 million in 2023[105] - Gross profit for the nine months ended September 30, 2023, increased by $68.7 million, or 28.7%, to $308.0 million, resulting in a gross profit margin of 48.2%[107] - The company recorded a net income of $147.0 million for the nine months ended September 30, 2023, compared to $101.3 million for the same period in 2022, reflecting a year-over-year increase of approximately 45.2%[113] Operating Expenses and Cash Flow - Operating expenses decreased by $5.6 million, or 16.1%, from $35.2 million in Q3 2022 to $29.5 million in Q3 2023, improving the operating expenses as a percentage of sales from 17.4% to 14.0%[98] - Operating expenses for the nine months ended September 30, 2023, increased by $9.1 million, or 10.1%, from $89.7 million to $98.8 million, but the percentage of sales improved from 17.7% to 15.5%[108] - Operating activities generated approximately $94.5 million in cash flow for the nine months ended September 30, 2023, compared to $92.1 million in the same period of 2022, showing a growth of about 2.6%[117] - Financing activities used $20.9 million in cash during the nine months ended September 30, 2023, a decrease from $41.2 million in the same period of 2022, indicating improved cash management[119] Market Performance - U.S. commercial market revenues increased by $91.0 million, or 34.9%, from $260.6 million in 2022 to $351.6 million in 2023, indicating strong growth in this segment[106] - Revenues from Latin-American markets increased by $5.3 million, or 22.4%, from $23.5 million in 2022 to $28.8 million in 2023, reflecting successful market expansion[106] Investments and Capital Expenditures - The company invested $73.8 million in capital expenditures during the nine months ended September 30, 2023, a significant increase from $51.4 million in the same period of 2022, representing a rise of approximately 43.5%[116] - The company utilized $62.5 million in investing activities during the nine months ended September 30, 2023, primarily for automation and expansion efforts, compared to $48.1 million in 2022[118] Tax and Interest Expenses - Interest expense for the nine months ended September 30, 2023, increased by $1.5 million, or 27.4%, to $6.9 million, primarily due to rising floating interest rates[111] - The effective income tax rate for the nine months ended September 30, 2023, was 30.1%, down from 32.3% in 2022, reflecting a favorable tax environment due to increased profits from US subsidiaries[112] Future Outlook - The company anticipates continued positive cash flow from operating activities through the end of 2023, providing flexibility to meet obligations over the next twelve months[115] - The company expects that current manufacturing operating capacity has reached approximately $1 billion, excluding incremental installation revenue capacity, indicating significant growth potential[116] Currency Impact - A 5% appreciation of the Colombian Peso relative to the US Dollar would result in a $1.0 million increase in annual revenues but a $6.0 million increase in costs, leading to a $5.0 million decrease in net earnings[122]

Financial Data and Key Metrics Changes - Total revenues increased by 4.4% year-over-year to $210.7 million for the third quarter, driven by growth in multifamily and commercial activity, as well as single-family residential revenues [10][104] - Adjusted EBITDA for Q3 2023 was $71.3 million, or 33.8% of revenues, compared to $78.5 million, or 38.9% of revenues in the prior year quarter, primarily due to a non-cash foreign exchange impact on gross margins [11][20] - The leverage ratio remained low at 0.2 times net debt-to-LTM adjusted EBITDA, down from 0.6 times in the prior year quarter, with a cash balance of $119 million and total liquidity of approximately $289 million [13] Business Line Data and Key Metrics Changes - Multifamily and commercial revenue increased by 6% year-over-year to $122.9 million, while single-family residential revenues grew by 2% year-over-year to a record of $87.8 million [103][104] - The company announced its entry into the vinyl window market, which represents an estimated 60% of the $26 billion architectural window market, expected to provide significant revenue growth opportunities [3][85] Market Data and Key Metrics Changes - The backlog grew to a record of $836 million at quarter end, with approximately two-thirds composed of medium and high-rise residential buildings, indicating strong demand in key markets [104][112] - The company is experiencing healthy demand in the Southeastern US, with new business wins and a resumption of previously delayed projects contributing to backlog growth [112] Company Strategy and Development Direction - The company is expanding geographically, particularly in the Florida market, and has relocated its global headquarters to Miami to align with its US-centric strategy [109][110] - The strategic entry into the vinyl window market is expected to double the addressable market and enhance geographical expansion opportunities [4][85] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving double-digit growth in 2024, supported by a strong backlog and the anticipated impact of new vinyl products [22][122] - The company noted that while there have been project delays due to higher lending standards, the overall demand remains strong, particularly in the commercial sector [137][155] Other Important Information - The company has executed approximately 40% of its $50 million share repurchase program since mid-year, demonstrating a commitment to returning value to shareholders [106][130] - Management expects gross margins to be in the range of 47% to 49% for the full year 2023, with strong cash flow generation anticipated for the remainder of the year [14][119] Q&A Session All Questions and Answers Question: Can you provide specifics on the guidance for 2024 growth? - Management indicated that the guidance pertains to revenue growth, with expectations for double-digit growth across both residential and commercial segments [15][134] Question: What is the impact of customer project delays on sales and EBITDA? - Management noted that approximately $10 million in commercial projects were delayed due to banks not lending, but they expect these projects to proceed now that lending has resumed [17][137] Question: How do you see the market share in Florida and single-family orders? - Management reported steady growth in market share in the Southeast and noted that single-family orders are expected to increase significantly with the introduction of vinyl products [26][31] Question: What are the expectations for SG&A in Q4? - SG&A is expected to trend similarly to Q3, with lower shipping and commission expenses contributing to a more favorable cost structure [19][158] Question: How is the company addressing pricing pressures in the residential market? - Management stated that pricing has remained stable, with only minor reductions from some vendors to maintain competitiveness [79][147]

FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the quarterly period ended June 30, 2023 ☐ 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 ...