TGLS Stock Recent News

Tecnoglass has demonstrated robust growth and profitability, driven by strong management, innovation, and favorable market trends, leading us to maintain our Buy rating. The company's fully integrated business model, superior profitability, top-tier operational efficiency, and focus on sustainable construction have resulted in substantial outperformance. TGLS's innovation, including its entry into the vinyl market, has expanded its TAM and strengthened its growth profile, supporting its premium valuation.

Miami, FL, Nov. 11, 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 that the Company will attend the Baird 2024 Global Industrial Conference in Chicago, IL on Wednesday, November 13, 2024.

Tecnoglass Inc. (NYSE:TGLS ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Brad Cray - Investor Relations Jose Manuel Daes - Chief Executive Officer and Director Christian Daes - Chief Operating Officer and Director Santiago Giraldo - Chief Financial Officer Conference Call Participants Sam Darkatsh - Raymond James Alex Hantman - Sidoti & Company Tim Wojs - Baird Alex Rygiel - B. Riley FBR Jean Ramirez - D.A.

Tecnoglass (TGLS) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.98 per share a year ago.

- Record Revenue of $238.3 Million, Up 13.1% Year-Over-Year Driven Entirely by Organic Growth - - Single-Family Residential Revenue increased to a Record $109.7 Million, Up 25.0% Year-Over-Year - - Gross Margin of 45.8%, Up 290 Basis Points Year-Over-Year - - Net Income of $49.5 Million, or $1.05 Per Diluted Share - - Adjusted Net Income 1 of $50.9 Million, or $1.08 Per Diluted Share - - Adjusted EBITDA 1 of $81.4 Million, Up 14.2% Year-Over-Year, Representing 34.2% of Total Revenues - - Strong Cash Flow from Operations of $41.5 Million - - Record Low Net Leverage Ratio of 0.01x at Quarter End - - Backlog Expands Year-Over-Year for the 30th Consecutive Quarter to a Record $1.04 Billion - - Board Approves 36% Increase in Quarterly Dividend, Expands Share Repurchase Program to $100 Million, Concludes Review of Strategic Alternatives and Affirms Commitment to Value Creation Strategy - - Strengthens Full Year 2024 Guidance Range - Miami, FL, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Tecnoglass, In

- Only Company in the Materials Segment Recognized on the List - - Based on Revenue and Adjusted EPS Growth of 65% and Over 200%, Respectively, From 2021 to LTM June 2024 - 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.

Miami, FL, Oct. 24, 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 will release financial results for the third quarter 2024 before the market opens on Thursday, November 7, 2024. Management will host a webcast and conference call that same day at 10:00 a.m. Eastern time to review the Company's results.

TGLS experienced a 2.5% revenue decline in Q2 2024 due to weaker multifamily and commercial markets, but single-family residential revenue rose by 10.1%. Adjusted EBITDA margin dropped to 29.2% from 37.7% last year, impacted by lower volumes and higher SG&A expenses, with adjusted EPS at $0.86. Strong demand and record orders in the single-family residential market, along with a $1 billion backlog, are expected to drive revenue growth in 2024.

Does Tecnoglass (TGLS) have what it takes to be a top stock pick for momentum investors? Let's find out.

Does Tecnoglass (TGLS) have what it takes to be a top stock pick for momentum investors? Let's find out.