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Tecnoglass Inc (TGLS)
NYSE:TGLS
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.83Last Year’s EPS
0.66Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 5.26%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
Tecnoglass reported a strong 2024 with record revenues and growth in key segments, supported by strategic investments and operational efficiencies. Despite facing some challenges like currency headwinds and potential tariff impacts, the company maintained strong margins and financial flexibility. The outlook for 2025 remains positive, with expectations of continued growth and profitability.Company Guidance
During the Tecnoglass Fourth Quarter 2024 Earnings Conference Call, the company provided detailed guidance and metrics reflecting its robust performance and strategic outlook. Tecnoglass achieved record revenues of $890 million for 2024, with single-family residential revenues reaching an all-time high of $372 million, and multifamily and commercial business revenues hitting $518 million. The company maintained industry-leading margins, generating an adjusted EBITDA of $275.8 million for the year, reflecting a margin of 31%. Operating cash flow was a record $170.5 million, and Tecnoglass ended the year in a net cash position after repaying $65 million in debt. The backlog at year-end stood at $1.1 billion, marking a 28% year-over-year growth. Looking ahead to 2025, Tecnoglass projects revenues between $940 million to $1.02 billion and an adjusted EBITDA range of $300 million to $340 million. The company plans capital expenditures of $65 to $70 million, focusing on efficiency enhancements and geographical expansion, particularly in the vinyl window market.Record Revenues and Growth in 2024
Tecnoglass reported record revenues of $890 million for 2024, driven by strong performance in both single-family residential and multifamily/commercial segments.
Significant Growth in Single-Family Residential Segment
Single-family residential revenues reached a record $372 million, marking an 11% growth year-over-year. This was driven by market share gains and geographic expansion.
Multifamily and Commercial Growth
Revenues in the multifamily and commercial sectors grew by mid-single digits to $518 million, with a record year-end backlog of $1.1 billion, reflecting a 28% year-over-year growth.
Strong Cash Flow and Financial Position
Generated record operating cash flow of $170.5 million and achieved a net cash position by year-end, enhancing financial flexibility.
Positive Outlook for 2025
Projected full-year 2025 revenues in the range of $940 million to $1.02 billion, with an adjusted EBITDA target of $300 million to $340 million.
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TGLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TGLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $69.98 | $76.29 | +9.02% |
| Nov 07, 2024 | $70.12 | $70.27 | +0.21% |
| Aug 08, 2024 | $47.44 | $53.82 | +13.45% |
| May 09, 2024 | $51.62 | $51.38 | -0.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tecnoglass Inc (TGLS) report earnings?
Tecnoglass Inc (TGLS) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Tecnoglass Inc (TGLS) earnings time?
Tecnoglass Inc (TGLS) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TGLS EPS forecast?
TGLS EPS forecast for the fiscal quarter 2025 (Q1) is 0.83.
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