Tecnoglass Inc - TGLS STOCK NEWS

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.

Tecnoglass (NYSE: TGLS) reported its Q2 2024 results with revenues of $219.7 million, a 2.5% year-over-year decrease but still the second-highest in its history. The company saw record single-family residential revenues of $95.7 million, a 10.1% increase. Net income was $35.0 million or $0.75 per diluted share, while adjusted net income was $40.5 million or $0.86 per diluted share. Adjusted EBITDA reached $64.1 million. Tecnoglass experienced strong cash flow from operations at $34.5 million and a low net leverage ratio of 0.06x. The backlog grew 29% to a record $1.02 billion. The company improved its full-year 2024 outlook, projecting revenues between $860 million and $910 million and adjusted EBITDA between $260 million and $285 million, supported by strong single-family residential orders and operational efficiencies.

Tecnoglass Inc. (NYSE: TGLS) announces that its ES Pivot Door has received two prestigious industry awards, highlighting excellence in design and functionality. The awards include:

1. Best Hardware Product in the 2024 Glass Magazine Awards, recognizing excellence in design, functionality, and innovation in the architectural glass and glazing industry.

2. Luxe RED Awards Readers' Choice recognition, celebrating outstanding achievements in residential architecture, interior design, and landscape architecture in the luxury design industry.

CEO José Manuel Daes expressed pride in these recognitions, emphasizing Tecnoglass' commitment to innovation and design excellence in high-performance window and door systems. The awards validate the product's technical superiority and appeal to the luxury residential market.

Tecnoglass (NYSE: TGLS), a leading producer of high-end aluminum and vinyl windows and architectural glass, has announced its schedule for releasing second quarter 2024 financial results. The company will disclose its results on Thursday, August 8, 2024, before the market opens. Following the release, management will host a webcast and conference call at 10:00 a.m. Eastern time to review the results.

Investors can access the webcast through the Investors section of Tecnoglass' website. For those unable to join the webcast, a conference call will be available by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international). A telephonic replay will be accessible until November 8, 2024, using the pass code 10190661.

Tecnoglass (NYSE: TGLS) has achieved carbon neutrality for 2022 and 2023, demonstrating its commitment to sustainability. The company focused on energy efficiency, upgrading generators, and implementing cogeneration systems, resulting in total GHG emissions of 390,411 tCO2eq/year despite increased production. Tecnoglass voluntarily offset Scope 1 and 2 emissions by acquiring carbon credits from projects in Colombia certified by Cercarbono and validated by IQNet. CEO José Manuel Daes emphasized the strategic importance of sustainability, with goals to further reduce the carbon footprint and promote sustainable practices, aiming for net-zero emissions by 2050.

On June 25, 2024, Tecnoglass (NYSE: TGLS) announced that its Board of Directors is reviewing strategic alternatives with the help of external financial and legal advisors. This process aims to explore various options to enhance shareholder value, but there is no set deadline for its completion, and no assurance of any specific outcome. Tecnoglass also reaffirmed its financial outlook for the full year 2024, initially provided on May 9, 2024.

Tecnoglass (NYSE: TGLS) has announced a quarterly dividend of $0.11 per share for the second quarter of 2024, equating to an annualized dividend of $0.44 per share. This dividend will be paid on July 31, 2024, to shareholders recorded by the close of business on June 28, 2024.