Welcome to our dedicated page for Tecnoglass news (Ticker: TGLS), a resource for investors and traders seeking the latest updates and insights on Tecnoglass stock.
Tecnoglass Inc (TGLS) delivers innovative architectural glass solutions for commercial and residential construction worldwide. This dedicated news hub provides investors and industry professionals with essential updates directly from the company and verified sources.
Track earnings announcements, product innovations, and strategic partnerships alongside operational developments impacting the architectural glass sector. Our curated feed includes press releases on new thermo-acoustic glazing systems, manufacturing expansions, and sustainability initiatives.
Key updates cover regulatory compliance advancements, leadership changes, and market expansion efforts across North and Latin America. Bookmark this page for reliable information about TGLS’s tempered glass production, energy-efficient window systems, and responses to construction industry trends.
Tecnoglass (NYSE: TGLS) reported record results for Q4 and full year 2024, with annual revenues increasing 6.8% to $890.2 million. Single-family residential revenue grew 10.9% to $372.1 million, while the company achieved a full year net income of $161.3 million ($3.43 per diluted share).
Key highlights include record backlog expansion of 27.6% to $1.1 billion, all-time high quarterly and full year cash flow from operations of $61.1 million and $170.5 million respectively, and debt reduction of $65 million in 2024. The company maintained strong margins with full year gross profit of $380.0 million (42.7% of revenues) and Adjusted EBITDA of $275.8 million (31.0% of revenues).
Looking ahead, Tecnoglass projects 2025 revenue guidance of $940 million to $1.02 billion, representing approximately 10% growth, with Adjusted EBITDA target range of $300-340 million.
Tecnoglass (NYSE: TGLS), a leading manufacturer of high-end aluminum and vinyl windows and architectural glass for residential and commercial markets, has announced its schedule for fourth quarter and full year 2024 financial results release. The company will publish its results before market opening on Thursday, February 27, 2025.
Management will host a webcast and conference call at 10:00 a.m. Eastern time on the same day, accompanied by a slide presentation. The conference call will be accessible via webcast through the Investors section of Tecnoglass' website and by phone at 1-833-816-1170 (domestic) or 1-412-317-0566 (international). A replay will be available until March 27, 2025, by dialing 1-844-512-2921 (domestic) or 1-412-317-6671 (international) with pass code 10196427.
Tecnoglass (NYSE: TGLS) announced a significant 36% increase in its quarterly dividend, raising it to $0.15 per share from $0.11 per share. The new annualized dividend rate will be $0.60 per share, up from the previous $0.44 per share. Shareholders of record as of December 31, 2024, will receive the increased dividend payment on January 31, 2025. The company's CFO emphasized that this increase reflects strong cash flow generation capabilities and business trajectory while maintaining financial flexibility for growth initiatives.
Tecnoglass (NYSE: TGLS), a leading manufacturer of premium aluminum and vinyl windows and architectural glass for residential and commercial markets worldwide, has announced its participation in the Raymond James 2024 TMT & Consumer Conference. The event is scheduled to take place in New York, NY on Tuesday, December 10, 2024.
Tecnoglass (NYSE: TGLS), a leading manufacturer of high-end aluminum and vinyl windows and architectural glass, announced its participation in the Baird 2024 Global Industrial Conference. The event will take place in Chicago, IL on Wednesday, November 13, 2024. The company, which serves both residential and commercial markets globally, will showcase its expertise in architectural glass and window solutions at this significant industry gathering.
Tecnoglass (TGLS) reported record third quarter 2024 results with revenue reaching $238.3 million, up 13.1% year-over-year. Single-family residential revenue increased 25% to $109.7 million. The company achieved a gross margin of 45.8%, net income of $49.5 million ($1.05 per share), and Adjusted EBITDA of $81.4 million. Record backlog expanded to $1.04 billion. The Board approved a 36% increase in quarterly dividend and expanded share repurchase program to $100 million. The company strengthened its 2024 guidance, projecting full-year revenues of $880-900 million and Adjusted EBITDA of $270-280 million.
Tecnoglass (NYSE: TGLS) has been ranked as the 27th fastest-growing company in the United States for 2024 by Fortune Magazine. The company, which produces high-end aluminum and vinyl windows and architectural glass, is the only materials segment company recognized on the prestigious Fortune 100 Fastest-Growing Companies list. The ranking is based on Tecnoglass' impressive revenue growth of 65% and adjusted EPS growth of over 200% from 2021 to LTM June 2024, along with three-year annualized shareholder returns. The recognition highlights Tecnoglass' successful execution of strategic initiatives, commitment to innovation, and strong market position in both residential and multi-family/commercial sectors.
Tecnoglass (NYSE: TGLS), a leading producer of high-end aluminum and vinyl windows and architectural glass, has scheduled its third quarter 2024 financial results release for Thursday, November 7, 2024, before market opens. Management will host a webcast and conference call at 10:00 a.m. Eastern time on the same day. The conference call will be accessible via webcast through the company's website and by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international). A telephonic replay will be available until January 7, 2025.
Tecnoglass (NYSE: TGLS), a leading producer of high-end windows and architectural glass, has announced its participation in two upcoming investor conferences. The company will attend the Sidoti Small Cap Conference on September 18, 2024, where it will present at 10:45 a.m. eastern time. Additionally, Tecnoglass will participate in the D.A. Davidson 23rd Annual Diversified Industrials & Services Conference on September 19, 2024.
Investors can access a live broadcast of the Sidoti presentation, including presentation materials, through the Investor Relations section of Tecnoglass' website. A replay of the webcast will be available after the event, providing an opportunity for those unable to attend to review the company's presentation and updates.
Tecnoglass (NYSE: TGLS), a leading manufacturer of high-end aluminum and vinyl windows and architectural glass, has announced its third quarter 2024 dividend. The company's Board of Directors has declared a quarterly dividend of $0.11 per share, which equates to $0.44 per share on an annualized basis. This dividend will be paid on October 31, 2024, to shareholders of record as of the close of business on September 30, 2024. Tecnoglass serves both residential and commercial markets globally, highlighting its diverse customer base and market presence.
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