Financial Data and Key Metrics Changes - Total revenues in the second quarter increased 33% year-over-year to $225.3 million, marking the tenth consecutive quarter of double-digit organic revenue growth [77][82] - Adjusted EBITDA for the second quarter increased 55.8% to a record $85 million compared to $54.6 million in the prior year quarter, with an adjusted EBITDA margin of 37.7% [33][86] - Gross profit increased 49% to $109.7 million, representing a gross margin of 48.7%, compared to a gross margin of 43.5% in the prior year quarter [33][84] Business Line Data and Key Metrics Changes - Single-family residential revenues grew organically by 15% year-over-year to a record $86.9 million, driven by dealership growth and geographic expansion [32][102] - Multifamily and commercial activity saw significant growth, contributing to the overall revenue increase [82][72] - The backlog at quarter end reached a record $797 million, up 19% year-over-year, indicating strong bidding activity and project wins [79][72] Market Data and Key Metrics Changes - The South region, where the company has its largest presence, saw an expansionary ABI reading of 50.5, supporting healthy levels of activity and demand [30] - The company noted strong quoting activity in regions like Florida, New York, Maryland, and Texas, while California showed a decline in quotes [17][18] Company Strategy and Development Direction - The company is focused on expanding its operational capacity by over 40% to meet growing demand for high-performance products [29][73] - There is a strategic emphasis on diversifying into the more profitable single-family residential market, which is expected to drive future growth [83][84] - The company plans to open more showrooms in Texas and other western states to capture additional market share [26][80] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, indicating that 2024 could be the best year ever for the company, driven by strong demand and operational improvements [97][98] - The company expects gross margins to stabilize in the range of 48% to 50% for the full year 2023, despite some variability due to market conditions [84][86] - Management highlighted that the appreciation of the Colombian peso has positively impacted operating margins and is expected to remain stable [109][126] Other Important Information - The company maintained a low leverage ratio of 0.2 times net debt to LTM adjusted EBITDA, with total liquidity of approximately $275 million [13][110] - Cash flow from operations was strong, excluding the timing of annual tax payments, with expectations for improved cash flow generation in the second half of the year [35][112] Q&A Session Summary Question: Can you discuss the overall environment and backlog strength? - Management noted strong quoting activity across various regions, with a particularly strong performance in Florida and Texas, while California showed a decline [17][18] Question: What are the expectations for gross margins in the second half of the year? - Management expects gross margins to stabilize around the current levels achieved in Q2, influenced by the Colombian peso and product mix [39][40] Question: How is the residential market performing, especially outside Florida? - The company is gaining market share in new regions, with a focus on learning and adapting to new markets before scaling up operations [42][46] Question: What is the CapEx budget for 2023 and expectations for 2024? - The anticipated CapEx for 2023 is expected to be between $40 million to $45 million, with a significant reduction planned for 2024 [25][48] Question: How are the new showrooms performing? - The showrooms are performing well, with a focus on careful expansion to ensure quality service and product delivery [125][130]

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, 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 jurisdictio ...

FORWARD LOOKING STATEMENTS ✓ Adj. net income increased 103.1% to $51.5 mm ✓ Solid single-family residential growth trajectory not fully captured in backlog given shorter term "spot" duration of projects Production Process ✓Multi-family and commercial construction in the U.S. increased $43.9 mm, or 65.2%, to $111.2 mm, accounting for 57% of U.S. sales in Q1'23, as we continue to execute on our growing backlog ✓ Q1'23 all-organic revenue growth of 50.6% to $202.6 mm. Growth continues to be fueled by strong U. ...

Tecnoglass Inc. (NYSE:TGLS) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Brad Cray - Investor Relations José Manuel Daes - Chief Executive Officer Chris Daes - Chief Operating Officer Santiago Giraldo - Chief Financial Officer Conference Call Participants Julio Romero - Sidoti & Company Brent Thielman - D. A. Davidson Alex Rygiel - B. Riley Tim Wojs - Baird Operator Hello, and welcome to the Tecnoglass, Inc. First Quarter 2023 Earnings Conference Call. [Operator Instructions ...

50 United Nations- New York, U.S. This presentation (including any information which has been or may be supplied in writing or orally in connection herewith or in connection with any further inquiries, this "Presentation") contains information regarding Tecnoglass Inc. and its subsidiaries, as applicable, where it holds a direct or indirect interest (together "Tecnoglass" or the "Company") that is confidential and proprietary to the Company. We have prepared this document solely for informational purposes. ...

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, 2022 ☐ 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 ...

Tecnoglass, Inc. (NYSE:TGLS) Q4 2022 Earnings Conference Call March 3, 2023 10:00 AM ET Company Participants Brad Cray - ICR Jose Daes - CEO & Director Christian Daes - COO & Director Santiago Giraldo - CFO & Head, IR Conference Call Participants Sam Darkatsh - Raymond James Tim Wojs - Baird Julio Romero - Sidoti Alex Rygiel - B. Riley Operator Greetings, and welcome to the Tecnoglass Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It i ...

FORWARD LOOKING STATEMENTS Certain of the financial information contained herein is unaudited and does not conform to SEC Regulation S-X. Furthermore, it includes EBITDA (earnings before interest, taxes, depreciation and amortization) which is a non-GAAP financial measure as defined by Regulation G promulgated by the SEC under the Securities Act of 1933, as amended. Accordingly, such information may be materially different when presented in Tecnoglass' filings with the Securities and Exchange Commission. Te ...

THIRD QUARTER 2022 EARNINGS CONFERENCE CALL November 3, 2022 – TECNOGLASS INC. (NASDAQ: TGLS) Safe Harbor 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 circumstances. Actual ...

Tecnoglass, Inc. (NYSE:TGLS) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET Company Participants Brad Cray - ICR Jose Manuel - CEO & Director Christian Daes - COO & Director Santiago Giraldo - CFO & Head, IR Conference Call Participants Min Chung Cho - B. Riley Securities Timothy Wojs - Robert W. Baird & Co. Julio Romero - Sidoti & Company Joshua Wilson - Raymond James & Associates Operator Good day, ladies and gentlemen, and welcome to the Tecnoglass 3Q 2022 Earnings Conference Call and Webc ...