Tecnoglass Inc Stock Price, News & Analysis

Tecnoglass (NASDAQ: TGLS) has declared a quarterly cash dividend of $0.0275 per share, equating to $0.11 annually, for Q3 2021. The payment is scheduled for October 29, 2021, to shareholders recorded by September 30, 2021. Tecnoglass is a leading manufacturer of architectural glass and aluminum products, serving primarily the U.S. market, which composes over 90% of its revenue. The company's manufacturing complex in Barranquilla, Colombia, spans 2.7 million square feet, catering to over 1,000 customers globally.

Tecnoglass (NASDAQ: TGLS) announced its participation in the Raymond James 2021 Diversified Industrials Conference, set for August 24, 2021. The company, based in Barranquilla, Colombia, is a major manufacturer of architectural glass and windows, serving both residential and commercial markets. As the #1 architectural glass transformation company in Latin America and the second largest glass fabricator in the U.S., Tecnoglass caters to over 1,000 global customers, with over 90% of revenues coming from the U.S. The firm is known for its high-end products featured in several iconic buildings.

Tecnoglass (NASDAQ: TGLS), a leading manufacturer of architectural glass and windows, announced that its CEO José Manuel Daes and COO Chris Daes will ring the NASDAQ Opening Bell on August 20, 2021. This event, attended by the company's board and senior management, recognizes Tecnoglass's achievements in the industry. The company highlights its strong investment returns and leadership in architectural glass innovation. A live stream of the ceremony will be available to viewers.

Tecnoglass (TGLS) reported a record total revenue of $121.7 million for Q2 2021, up 49% year-over-year, with single-family residential revenues soaring 159%. U.S. revenues accounted for 90% of total sales, demonstrating significant growth in both residential and commercial sectors. The company achieved a gross margin of 40% and a net profit of $19.2 million, or $0.40 per diluted share. Adjusted EBITDA rose 52.7% to $35.6 million. The backlog reached $559 million, and the full-year revenue outlook has been raised to between $450 million and $465 million.

Tecnoglass (NASDAQ: TGLS) announced the release of its second quarter 2021 financial results on August 6, 2021, before market opening. A conference call and webcast will follow at 9:00 a.m. Eastern time to discuss the results. Tecnoglass is a significant player in the architectural glass industry, serving both residential and commercial markets globally. The company is based in Barranquilla, Colombia, and boasts a large manufacturing complex. Approximately 90% of its revenue is derived from the U.S. market.

Tecnoglass (NASDAQ: TGLS), a leading manufacturer of architectural glass and aluminum products, has declared a quarterly cash dividend of $0.0275 per share, totaling $0.11 annually, for Q2 2021. This dividend will be disbursed on July 30, 2021, to shareholders on record as of June 30, 2021. Tecnoglass operates a significant manufacturing facility in Colombia and serves a global clientele, with over 90% of its revenue stemming from the U.S. market.

Tecnoglass (NASDAQ: TGLS) announced its participation in two virtual investor conferences: the Baird 2021 Global Consumer, Technology & Services Conference on June 9, 2021, and the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021. Tecnoglass is a top manufacturer of architectural glass and associated products, primarily serving the U.S. market, which accounts for over 90% of its revenue. The company operates from Barranquilla, Colombia, and is a leading player in the architectural glass transformation sector in Latin America.

Tecnoglass (NASDAQ: TGLS), a prominent manufacturer of architectural glass and aluminum products, has announced its upcoming presentation at the Sidoti Microcap Virtual Investor Conference scheduled for May 20, 2021, at 10:45 a.m. ET. The event will be accessible via Tecnoglass' website, with a replay available afterward. Tecnoglass operates a vertically-integrated manufacturing complex in Barranquilla, Colombia, and serves over 1,000 global customers, primarily in the U.S., accounting for over 90% of revenue.

Tecnoglass reported impressive Q1 2021 results with total revenues of $110.9 million, a 27% increase year-over-year, driven by strong demand in the single-family residential sector, which grew 71%. The company achieved a record gross margin of 40.7%, up 590 basis points, and net profit of $8.2 million, leading to adjusted net income of $16.8 million or $0.35 per diluted share. Adjusted EBITDA rose 64.8% to $33.5 million. The backlog reached a record $552 million, and full-year revenue growth outlook was raised to $420-$435 million.