Tecnoglass(TGLS)

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Tecnoglass(TGLS) - 2023 Q1 - Earnings Call Transcript
2023-05-08 01:41
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 ...
Tecnoglass (TGLS) Investor presentation - Slideshow
2023-03-29 15:41
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. ...
Tecnoglass(TGLS) - 2022 Q4 - Annual Report
2023-03-07 21:43
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(TGLS) - 2022 Q4 - Earnings Call Transcript
2023-03-02 18:48
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 ...
Tecnoglass(TGLS) - 2022 Q4 - Earnings Call Presentation
2023-03-02 18:35
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 ...
Tecnoglass(TGLS) - 2022 Q3 - Earnings Call Presentation
2022-11-06 15:30
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(TGLS) - 2022 Q3 - Earnings Call Transcript
2022-11-06 02:44
Financial Data and Key Metrics Changes - The company reported record revenues of $201.8 million for Q3 2022, representing a 53.3% year-over-year increase [28] - Adjusted EBITDA more than doubled to a record $78.5 million, with an adjusted EBITDA margin of 38.9%, up 970 basis points from the previous year [29] - Gross profit increased to $105.3 million, reflecting a gross margin of 52.2%, compared to 39.2% in the prior year [30] - The leverage ratio improved to a record low of 0.4x net debt to LTM adjusted EBITDA, down from 0.9x in the previous year [34] Business Line Data and Key Metrics Changes - Single-family residential revenues increased by 44% year-over-year to a record $85.8 million, accounting for 43% of total revenues [25] - Commercial construction revenues have shown sequential growth in each quarter of 2022, with continued momentum expected [28] - The backlog reached a record $697 million, a 21% increase compared to the prior year, with approximately two-thirds related to medium- and high-rise residential buildings [18] Market Data and Key Metrics Changes - The ABI Index remains in expansionary territory for the 20th consecutive month as of September, indicating strong commercial demand [16] - The company is experiencing strong demand in both commercial and single-family residential markets, with a focus on geographic expansion [19] Company Strategy and Development Direction - The company aims to maintain its growth trajectory through investments in automation and capacity enhancements, targeting an installed production capacity equivalent to approximately $950 million in annual sales by mid-2023 [21][38] - The strategic focus includes diversifying the customer base and expanding into new markets, with plans to open additional showrooms [26] - The company is well-positioned to gain market share due to its low-cost vertically integrated operations and short lead times [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic pressures and maintain market share due to its efficient cost structure and ongoing investments [14][43] - The full-year 2022 revenue outlook has been increased to a range of $680 million to $700 million, representing a 39% growth at the midpoint [40] - Management anticipates continued strong cash flow generation and plans to return capital to shareholders through a new $50 million share repurchase program [12][37] Other Important Information - The company has maintained strong cash flow for 11 consecutive quarters, allowing for strategic capital allocation [12] - The gross margin is expected to remain in the mid- to high 40s range for 2022, driven by operational efficiencies and favorable pricing dynamics [42] Q&A Session Summary Question: Can you provide details on the highest invoicing month in October? - Management noted that invoicing has increased across all business aspects, with expectations for rapid growth in demand starting January [46] Question: Is the SG&A percentage sustainable going into 2023? - Management indicated that the SG&A percentage is sustainable based on sales levels and operational leverage [47] Question: What is the outlook for the Multimax product? - The company is seeing increased interest from builders, indicating strong growth potential for the Multimax product [48] Question: Is there a seasonal impact expected in Q4? - Management acknowledged that December is typically slower due to holidays, which is factored into the guidance [53] Question: How does the FX impact the cost structure? - Approximately 65% of costs are in U.S. dollars, benefiting from the weak Colombian peso, which has provided a gross margin benefit [54] Question: What is the pricing contribution for the quarter? - Pricing increases contributed a tailwind of about 3% for the quarter, with input costs also decreasing [56][59] Question: What is driving confidence in long-term gross margin upside? - Confidence stems from operational improvements and the ability to leverage higher sales, with FX dynamics also playing a role [61][64] Question: Can you elaborate on the new garage door product? - The new garage door product has seen significant success, with plans for further development and expansion into non-hurricane markets [68] Question: What is the plan for the share repurchase program? - The company plans to take a cautious approach to the buyback, assessing market conditions before proceeding [69] Question: What is the expected growth for single-family residential in 2023? - Management anticipates a growth rate of 10% to 15% driven by geographic expansion [73]
Tecnoglass(TGLS) - 2022 Q3 - Quarterly Report
2022-11-04 20:31
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 September 30, 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 (State or other jurisdi ...
Tecnoglass(TGLS) - 2022 Q2 - Earnings Call Transcript
2022-08-05 22:18
Tecnoglass Inc. (NYSE:TGLS) Q2 2022 Earnings Conference Call August 4, 2022 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 Alex Rygiel - B. Riley Zane Karimi - D.A. Davidson Julio Romero - Sidoti Josh Chan - Baird Operator Good morning, and welcome to the Tecnoglass Second Quarter 2022 Earnings Conference Call and Webcast. All participants ...
Tecnoglass(TGLS) - 2022 Q2 - Quarterly Report
2022-08-05 20:01
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, 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 (State or other jurisdiction ...