Tecnoglass reports record Q4 revenue $211M, adj EBITDA $87M; guides FY23 rev $790-830M

Tecnoglass Inc.

Q4 revenue $211.1M (+60% YoY); adj EBITDA $87.2M (+107% YoY); gross margin 52.2% (+930 bps).
Full year 2022 revenue $716.6M (+44% YoY); adj EBITDA $265.7M (+76.8% YoY); net income $156.4M ($3.28 EPS).
Backlog at all-time high $725.2M (+24% YoY); net leverage 0.2x.
FY2023 guidance: revenue $790-830M, adj EBITDA $300-320M (midpoint ~17% growth).
Quarterly dividend $0.075/share paid Jan 31, 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Tecnoglass Inc. updated its the fourth quarter and full year ended December 31, 2022 guidance (reaffirmed).

Period: the fourth quarter and full year ended December 31, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On March 2, 2023, Tecnoglass Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2022.

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Tecnoglass Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-006498

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