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Tecnoglass Increases Availability under Revolving Credit Facility and Extends Maturity Date to 2030
GlobeNewswire News Room· 2025-09-05 11:00
- Facility Increases to $500 million from $150mm, Providing Signficant Financial Flexibility for Growth and Capital Allocation - - Reduces All-In Borrowing Costs by 25 Basis Points Across All Pricing Tiers While Extending Maturity to 2030 - - Net Debt to Adjusted EBITDA Ratio Remains at All-Time Low Ratio of -0.09x Net Debt to Adjusted EBITDA - - Increased Facility Anchored by Premier U.S. Banking Syndicate Receives Overwhelming Support, Demonstrating Strong Institutional Confidence in the Company's Ongoing ...
Tecnoglass Responds to Short Seller Report
Globenewswire· 2025-08-21 18:11
Company Categorically Rejects All Allegations Which it Believes to be False, Misleading and Malicious Company Reaffirms Recently Increased Full Year 2025 Guidance Miami, FL, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today issued the following statement in response claims made in a short seller report: Tecnoglass catego ...
Tecnoglass to Attend the Raymond James Industrial Showcase
GlobeNewswire News Room· 2025-08-12 11:00
Miami, FL, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced that the Company will attend the virtual Raymond James Industrial Showcase on Thursday, August 14, 2025. Investor Relations: Santiago Giraldo CFO 305-503-9062 investorrelations@tecnoglass.com Forward Looking Statements This press release includes cert ...
Tecnoglass Sets Date for Second Quarter 2025 Results
Globenewswire· 2025-07-17 11:00
Core Viewpoint - Tecnoglass, Inc. is set to release its financial results for the second quarter of 2025 on August 7, 2025, before market opening, followed by a conference call to discuss the results [1] Company Overview - Tecnoglass, Inc. is a prominent manufacturer of high-end aluminum and vinyl windows and architectural glass, catering to both residential and commercial markets [4] - The company is the second largest glass fabricator in the U.S. and the leading architectural glass transformation company in Latin America [4] - Tecnoglass operates a 5.8 million square foot manufacturing facility in Barranquilla, Colombia, serving nearly 1,000 customers across North, Central, and South America, with 95% of its total revenues generated from the U.S. market [4] - The company's products are featured in notable properties such as One Thousand Museum in Miami and Salesforce Tower in San Francisco [4]
Tecnoglass Announces Second Quarter 2025 Dividend
Globenewswire· 2025-06-10 11:00
Company Overview - Tecnoglass, Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass, serving multi-family, single-family, and commercial end markets [2] - The company is the second largest glass fabricator in the U.S. and the number one architectural glass transformation company in Latin America [2] - Tecnoglass operates a 5.8 million square foot manufacturing complex in Barranquilla, Colombia, providing access to nearly 1,000 customers across North, Central, and South America, with 95% of total revenues coming from the U.S. [2] Recent Financial Announcement - The Board of Directors has declared a quarterly dividend of $0.15 per share, which annualizes to $0.60 per share for the second quarter of 2025 [1] - Shareholders of record as of June 30, 2025, will receive the dividend payment on July 31, 2025 [1] Notable Projects - Tecnoglass' products are featured in prominent properties such as One Thousand Museum (Miami), Salesforce Tower (San Francisco), and Aeropuerto Internacional El Dorado (Bogotá) [2]
Tecnoglass to Attend the B. Riley Securities 25th Annual Institutional Investor Conference
Globenewswire· 2025-05-19 11:00
Miami, FL, May 19, 2025 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced that the Company will attend the B. Riley Securities 25th Annual Institutional Investor Conference in Marina Del Rey, CA on Wednesday, May 21, 2025. This press release includes certain forward-looking statements within the meaning of the Private Securi ...
Tecnoglass Reports Record First Quarter 2025 Results
Globenewswire· 2025-05-08 11:00
Financial Performance - Company reported record first quarter revenue of $222.3 million, up 15.4% year-over-year, driven by double-digit organic growth in both residential and multi-family/commercial projects [1][6] - Single-family residential revenue increased to a first quarter record of $88.9 million, up 21.6% year-over-year [1][6] - Gross margin improved to 43.9%, up 510 basis points year-over-year [1][7] - Net income was $42.2 million, or $0.90 per diluted share, compared to $29.7 million, or $0.63 per diluted share, in the prior year quarter [1][9] - Adjusted net income was $43.1 million, or $0.92 per diluted share, compared to $30.9 million, or $0.66 per diluted share, in the prior year quarter [1][10] - Adjusted EBITDA was $70.2 million, up 37.5% year-over-year, representing 31.6% of total revenues [1][11] Cash Position and Capital Allocation - Company ended the first quarter with an all-time high cash position of $157.3 million and total liquidity of approximately $330 million [2][14] - Strong free cash flow of $28.8 million was generated during the quarter [1] - Company returned $7.0 million in cash dividends to shareholders [12][13] Strategic Developments - Company expanded its backlog by 24.9% year-over-year to a record $1.14 billion [2] - In April 2025, the company acquired Continental Glass Systems for approximately $30 million, enhancing its U.S. manufacturing capabilities [2][15] - Company is launching a feasibility analysis to develop automated manufacturing capabilities in the U.S. over the coming years [2] Market Outlook - Company updated its full year 2025 revenue guidance to a range of $960 million to $1.02 billion, representing growth of approximately 11% at the midpoint [2][17] - Adjusted EBITDA outlook narrowed to a range of $305 million to $330 million, representing growth of approximately 15% at the midpoint [2][17] - Company anticipates a full year 2025 impact of approximately $25 million associated with higher input costs and tariffs, which it expects to mitigate through pricing strategies and supply chain adjustments [2][17]