Tecnoglass(US:TGLS)2024-08-08 17:35Financial Performance - Revenues reached $219.7 million, marking the second-highest quarterly total[5] - Adjusted EBITDA was $64.1 million, representing 29.2% of revenues[6, 12] - Operating cash flow amounted to $34.5 million[8, 12] - Adjusted net income was $40.5 million, resulting in adjusted EPS of $0.86[12] Growth and Backlog - Single-family residential activity grew by 10% year-over-year to a record $95.7 million[12] - Single-family residential orders increased by over 60% year-over-year[12, 20] - Backlog grew by 29% year-over-year to a record $1.02 billion, with a book-to-build ratio above 1.5x[10, 12] Financial Position - Debt was reduced to $142 million, bringing leverage to an all-time low of 0.06x net debt/LTM Adjusted EBITDA[12] - The company has liquidity of approximately $300 million, including $127 million in cash[25] Outlook - The company anticipates full-year 2024 revenues between $860 million and $910 million[29] - The company anticipates full-year 2024 Adjusted EBITDA between $260 million and $285 million[29]