Tecnoglass Inc Stock Price, News & Analysis

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.

Tecnoglass (NASDAQ: TGLS), a prominent manufacturer of architectural glass and aluminum products, will participate in the B. Riley Securities 22nd Annual Institutional Investor Conference in Beverly Hills, CA on May 25, 2022. The company, located in Barranquilla, Colombia, is the second largest glass fabricator in the U.S. and the leading architectural glass transformation firm in Latin America. With a substantial manufacturing complex, Tecnoglass serves over 1,000 global customers, with more than 90% of revenues generated from the U.S.

Tecnoglass (TGLS) reported Q1 2022 results with total revenues up 21% year-over-year to $134.5 million, driven by a 155% increase in single-family residential revenues, now 44% of total revenues. Gross margin improved to 44.8%, up 420 basis points, while net income rose to $21 million, or $0.44 per diluted share. Adjusted EBITDA surged 35.1% to $45.4 million. The company raised its FY 2022 outlook, projecting revenues between $580 million and $605 million and adjusted EBITDA between $185 million and $195 million. Total liquidity stands at approximately $250 million.

Tecnoglass (TGLS), a major manufacturer of architectural glass and aluminum products, will transfer its stock listing from NASDAQ to the New York Stock Exchange (NYSE), effective May 9, 2022. This transition is expected to enhance visibility and trading liquidity, allowing the company to reach a broader investor base. The move is viewed as a significant milestone in the company’s growth trajectory, with executives expressing optimism about the advantages of being listed on the NYSE, one of the world's leading stock exchanges.