Tecnoglass Inc Stock Price, News & Analysis

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.

Tecnoglass (NASDAQ: TGLS) announced it will release its financial results for Q1 2021 on May 7, 2021, before market opening. The management will conduct a webcast and conference call on the same day at 10:00 a.m. Eastern Time to discuss the results. Tecnoglass, located in Barranquilla, Colombia, is a leading manufacturer of architectural glass and aluminum products, serving global residential and commercial markets. The company is recognized as the #1 architectural glass transformation company in Latin America and the second largest glass fabricator in the U.S.

Tecnoglass, Inc. (TGLS), a leading manufacturer of architectural glass, hosted Colombian President Iván Duque at its advanced facilities during the IDB Annual Meeting in Barranquilla. The visit highlighted Tecnoglass's growth, particularly in the U.S. market, and its contributions to local communities, especially during the pandemic. The company has invested approximately $200 million since 2015 in advanced technologies, enhancing energy efficiency and reducing waste. Management expressed optimism about continued economic recovery and overseas expansion opportunities, underlining a strong commitment to sustainability.

Tecnoglass (NASDAQ: TGLS) has declared a quarterly cash dividend of $0.0275 per share, amounting to $0.11 on an annualized basis, for the first quarter of 2021. This dividend will be distributed on April 30, 2021, to shareholders on record by March 31, 2021. The company, based in Barranquilla, Colombia, specializes in architectural glass and aluminum products, with over 90% of its revenues generated from the U.S., serving both residential and commercial markets.