Tecnoglass Q4 Earnings Beat Estimates, Revenues Rise 23% Y/Y

Tecnoglass Inc. (TGLS) reported fourth-quarter 2024 results, with the top and bottom lines increasing year over year. Revenues missed the Zacks Consensus Estimate, while earnings beat the same.Management attributed the strong performance in 2024 to market share gains in single-family residential, robust multi-family/commercial demand and the efficiencies of Tecnoglass’ vertically integrated business model. Investments in automation and capacity enhancements drove operational improvements, allowing the compa ...