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Tecnoglass Inc - TGLS STOCK NEWS

Welcome to our dedicated news page for Tecnoglass (Ticker: TGLS), a resource for investors and traders seeking the latest updates and insights on Tecnoglass.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tecnoglass's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tecnoglass's position in the market.

Rhea-AI Summary
Tecnoglass, Inc. (NYSE: TGLS) will release its financial results for the first quarter of 2024 on May 9, 2024. The company will host a conference call and webcast to review the results. Investors can access the call and presentation on the Tecnoglass website or via phone. A replay of the call will be available until August 9, 2024.
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Rhea-AI Summary
Tecnoglass, Inc. (TGLS) will present at the Sidoti Virtual Small Cap Conference on March 13, 2024, showcasing its high-end aluminum and vinyl windows and architectural glass for global markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
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conferences
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Rhea-AI Summary
Tecnoglass, Inc. (TGLS) to attend Raymond James 45th Annual Institutional Investors Conference. The leading producer of high-end aluminum and vinyl windows and architectural glass for global markets will showcase on March 6, 2024, in Orlando, FL.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.73%
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conferences
Rhea-AI Summary
Tecnoglass, Inc. (TGLS) reports a successful financial year in 2023 with a 16% increase in revenues to a record $833.3 million, a net income of $183.5 million, and an adjusted EBITDA of $304.1 million. The company achieved a record low net leverage ratio of 0.1x, expanded backlog by 20%, and introduced a 22% increase in quarterly dividend. Tecnoglass is optimistic about double-digit revenue growth in 2024, driven by entry into the vinyl window market and strong operational performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.19%
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Rhea-AI Summary
Tecnoglass, Inc. (TGLS) will release financial results for Q4 and full year 2023 on Feb 29, 2024. A webcast and conference call will be held on March 1, 2024, at 8:30 a.m. Eastern time to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.82%
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Rhea-AI Summary
Tecnoglass, Inc. (NYSE: TGLS) declares a quarterly dividend of $0.09 per share, or $0.36 per share on an annualized basis, for the fourth quarter of 2023, to be paid on January 31, 2024 to shareholders of record as of December 29, 2023.
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Rhea-AI Sentiment
End-of-Day
0.43%
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dividends earnings
Rhea-AI Summary
Tecnoglass, Inc. (NYSE: TGLS) will attend the Raymond James TMT and Consumer Conference in New York, NY on December 6, 2023. Tecnoglass is a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets.
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Rhea-AI Sentiment
End-of-Day
1.16%
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Rhea-AI Summary
Tecnoglass, Inc. (NYSE: TGLS) has been ranked as the #1 most successful small-cap company for 2024 by Forbes, based on its highly profitable growth and superior shareholder returns. The company's recent relocation of its global headquarters to the United States has contributed to this recognition. Tecnoglass remains committed to its investors, customers, and employees, focusing on leveraging its unique business model for continued growth and meaningful shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.52%
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Rhea-AI Summary
Tecnoglass, Inc. (NYSE: TGLS) will attend the Baird 53rd Annual Global Industrial Conference in Chicago, IL on November 8, 2023.
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Rhea-AI Sentiment
End-of-Day
5.48%
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conferences
Rhea-AI Summary
Tecnoglass, Inc. reported strong financial results for Q3 2023, with revenue growth of 4.4% to $210.7 million, a record $87.8 million in the single-family residential end market, and a quarterly cash flow from operations at an all-time high of $51.3 million. The company also achieved net income of $46.1 million, adjusted net income of $46.6 million, and adjusted EBITDA of $71.3 million. Tecnoglass experienced continued strong backlog growth, expanding 20% year-over-year to a record $836 million. They executed 40% of their repurchase program totaling $20 million of stock to date and more than doubled their addressable market with a strategic entrance into the high-end vinyl segment. The company completed strategic investments to expand operational capacity by 40% to approximately $1 billion of revenues and relocated their global headquarters to Miami, FL.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.05%
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Tecnoglass Inc

NYSE:TGLS

TGLS Rankings

TGLS Stock Data

2.71B
21.97M
52.66%
40.37%
3.81%
Other Crushed and Broken Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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Barranquilla

About TGLS

tecnoglass s.a. began operations on the 18th of april 1994 as an alternative for the production of tempered glass, laminated and insulated glass, glass with screen printing, bullet proof glazing and curved glass; responding to market demand for high quality products, competitive prices and timely deliveries.