Tecnoglass Named to Fortune's 100 Fastest-Growing Companies List
Rhea-AI Summary
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.
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On the day this news was published, TGLS gained 1.39%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
- Only Company in the Materials Segment Recognized on the List -
- Based on Revenue and Adjusted EPS Growth of
Miami, FL, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced it has been ranked by Fortune Magazine as the 27th fastest-growing company in the United States for 2024. The prestigious recognition is based on Tecnoglass' strong revenue growth, earnings per share growth, and three-year annualized return to shareholders for the period ended June 30, 2024.
José Manuel Daes, Chief Executive Officer of Tecnoglass, commented, "We are honored to be recognized by Fortune as one of the nation's fastest-growing public companies among an elite group of businesses across various industries. This achievement reflects our successful execution of strategic initiatives, our commitment to innovation, and our strong market position in both residential and multi-family/commercial. Our vertically integrated operations and focus on high-end products continue to drive sustainable growth and create value for our shareholders."
The Fortune 100 Fastest-Growing Companies list recognizes the world's best three-year performers in revenues, profits, and stock returns among companies that trade on a U.S. stock exchange and file quarterly reports with the SEC.
The full article can read through the following link:
https://fortune.com/2024/10/29/2024-100-fastest-growing-companies-list-tesla-nvidia-energy/
About Tecnoglass
Tecnoglass Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass serving the multi-family, single-family, and commercial end markets. Tecnoglass is the second largest glass fabricator serving the U.S. and the #1 architectural glass transformation company in Latin America. Located in Barranquilla, Colombia, the Company’s 5.6 million square foot, vertically integrated, and state-of-the-art manufacturing complex provide efficient access to nearly 1,000 customers in North, Central and South America, with the United States accounting for
Investor Relations:
Santiago Giraldo
CFO
305-503-9062
investorrelations@tecnoglass.com
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