Tecnoglass Inc Stock Price, News & Analysis

Tecnoglass (NYSE: TGLS), a leader in the architectural glass industry, announced its participation in upcoming investor conferences. The events include the Zelman Virtual Housing Summit on September 20, 2022, and the D.A. Davidson 21st Annual Diversified Industrials & Services Conference on September 22, 2022. As the second largest glass fabricator in the U.S. and the top transformation company in Latin America, Tecnoglass boasts a 4.0 million square foot manufacturing facility in Barranquilla, Colombia, serving over 1,000 global clients, with more than 90% of revenue sourced from the U.S.

Tecnoglass (NYSE: TGLS) has announced significant capital investments aimed at expanding its manufacturing capabilities. The company expects to increase its production capacity by over 35%, reaching approximately $950 million in annual sales by the end of Q2 2023. This expansion is driven by a strong backlog and increased demand for its architectural glass and aluminum products. The total investment is projected to be around $52 million, with $35 million already allocated. The company's strategic focus on automation and geographic expansion underpins its robust growth expectations.

Tecnoglass (NYSE: TGLS), a leading manufacturer of architectural glass and aluminum products, has announced its participation in the Raymond James 2022 Diversified Industrials Conference in New York, NY, on August 23, 2022. With a significant manufacturing complex in Barranquilla, Colombia, Tecnoglass serves over 1,000 global customers and generates over 90% of its revenues from the U.S. The company is recognized as the second largest glass fabricator in the U.S. and the top architectural glass transformation company in Latin America, contributing to high-profile projects worldwide.

Tecnoglass reported a record total revenue of $169.1 million for Q2 2022, a 39% increase year-over-year, driven by strong demand in the single-family residential segment, which grew 86%. The company achieved a gross margin of 43.5%, up 310 basis points, and net income surged to $33.4 million, or $0.70 per diluted share. Adjusted EBITDA rose 51.7% to $54.6 million. Tecnoglass also expanded its backlog by 19.5% to $668 million and increased its quarterly dividend by 15%. The full-year revenue outlook was revised to between $620 million and $640 million.

Tecnoglass (NYSE: TGLS), a prominent manufacturer of architectural glass and aluminum products, will release its Q2 2022 financial results on August 4, 2022, before market opening. A webcast and conference call are scheduled for the same day at 10:00 a.m. Eastern time to discuss the results. The conference call will be live-streamed, and a slide presentation will accompany it. Tecnoglass serves a diverse clientele, with over 90% of its revenues coming from the U.S. market, making it a significant player in the architectural sector.

Tecnoglass (NYSE: TGLS) will release its second quarter 2022 financial results on August 4, 2022, before the market opens. A webcast and conference call are scheduled for the same day at 10:00 a.m. Eastern time. Tecnoglass is a leading manufacturer of architectural glass and aluminum products, with over 90% of its revenues coming from the U.S. Its state-of-the-art manufacturing complex in Barranquilla, Colombia, serves over 1,000 global customers. Investors can access the call via webcast or by phone.

Tecnoglass (NYSE: TGLS) announced a quarterly cash dividend of $0.065 per share, annualizing to $0.26 for the second quarter of 2022. The dividend payment is scheduled for July 29, 2022, to shareholders recorded as of the close of business on June 30, 2022.

Tecnoglass is a leading manufacturer of architectural glass and aluminum products, primarily serving the U.S. market, which accounts for over 90% of its revenues.

Tecnoglass (NYSE: TGLS), a leading manufacturer of architectural glass and windows, will attend the Baird 2022 Global Consumer, Technology & Services Conference in New York on June 7, 2022. The company operates a state-of-the-art manufacturing complex in Barranquilla, Colombia, producing high-end products for both residential and commercial markets. With over 90% of its revenue generated in the U.S., Tecnoglass has established itself as a top player in the industry, serving clients globally with products featured in prominent properties.

Tecnoglass, a leading manufacturer of architectural glass, will ring the Opening Bell at the New York Stock Exchange on June 6, 2022, at 9:30 am ET. This event marks the company's transition to the NYSE listing and reflects their commitment to maintaining leadership in the architectural glass market. CEO José Manuel Daes expressed pride in the team's achievements and emphasized the significance of this milestone for the company.