Tecnoglass Q3 revenue $201.8M (+53% YoY), raises FY2022 guidance; announces $50M buyback

Tecnoglass Inc.

2022-Q3 EPS reported $2.12 revenue$505,452,000

Record revenue $201.8M (+53% YoY), gross margin 52.2% (up 1300 bps), net income $46.9M ($0.98 diluted EPS)
Adj. EBITDA $78.5M (38.9% of revenue) more than doubled YoY; backlog $696.9M (+21.1% YoY)
FY2022 guidance raised: revenue $680-700M, adj. EBITDA $240-255M (67% midpoint growth)
Board authorizes $50M share repurchase; quarterly dividend increased 15% to $0.075/share
Leverage at all-time low 0.4x net debt/LTM adj. EBITDA; liquidity ~$255M

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Tecnoglass Inc. reported the third quarter ended September 30, 2022 results: revenue $201.8 million, net income $46.9 million, EPS $0.98 per diluted share. Guidance raised.

Period: the third quarter ended September 30, 2022
Revenue: $201.8 million
Net income: $46.9 million
EPS: $0.98 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

() --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Tecnoglass Reports Record Third Quarter 2022 Results and Announces $50 Million Share Repurchase Program - Record Total Revenues of $201.8 Million, Up 53% Year-Over-Year - - Revenues Driven Entirely by Organic Growth in Both Single-Family Residential and Commercial Businesses - - Record Gross Margin of 52.2%, Up 1300 Basis

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Source: SEC EDGAR

accession 0001493152-22-030292

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