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Tecnoglass Responds to Short Seller Report
TecnoglassTecnoglass(US:TGLS) Globenewswireยท2025-08-21 18:11

Core Viewpoint - Tecnoglass, Inc. categorically rejects allegations made in a short seller report, asserting they are false and misleading, and believes the report aims to manipulate the market and harm shareholders [2][3] Company Response - The company emphasizes its commitment to ethical conduct, transparency, and sound corporate governance, and is considering legal action against those responsible for the report [3] - Tecnoglass will continue to cooperate with regulators and stakeholders, focusing on long-term value creation for customers and shareholders [3] Financial Guidance - Tecnoglass reaffirms its recently increased full year 2025 financial guidance, reflecting strong performance in the first half of 2025 and confidence in continued profitability and cash generation [4] - The company highlights its active share repurchase program, indicating management's belief that the current market price does not reflect the company's fundamentals and growth outlook [5] Company Overview - Tecnoglass is a leading producer of high-end aluminum and vinyl windows and architectural glass, serving residential and commercial markets, and is the second largest glass fabricator in the U.S. [6] - The company operates a 5.8 million square foot manufacturing complex in Barranquilla, Colombia, serving nearly 1,000 customers across North, Central, and South America, with 95% of revenues coming from the U.S. [6]