Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Tecnoglass Inc. reported the first quarter ended March 31, 2023 results: revenue $202.6 million, net income $48.4 Million, or $1.01 Per Diluted Share, EPS $1.01 per diluted share. Guidance raised.
- Period
- the first quarter ended March 31, 2023
- Revenue
- $202.6 million
- Net income
- $48.4 Million, or $1.01 Per Diluted Share
- EPS
- $1.01 per diluted share
- Guidance
- raised
- Result
- reported results
Exact text from the filing
Tecnoglass Reports Record First Quarter 2023 Results - Total Revenues Up 50.6% to $202.6 Million - - Strong Results Driven by Organic Growth in Both Multifamily/Commercial and Single-Family Residential Businesses, Up 59% and 40%, Respectively - - Record Gross Margin of 53.2%, Up 830 Basis Points Year-Over-Year - - Net Income of $48.4 Million, or $1.01 Per Diluted Share - - Adjusted Net Income 1 of $51.5 Million, or $1.08 Per Diluted Share - - Adjusted EBITDA 1 Up 89% Year-Over-Year to $85.8 Million, Representing 42.4% of Total Revenues - - Record Cash Flow From Operations of $43.1 Million and Free Cash Flow of $27.5 Million - - Backlog Growth Accelerates, Expanding 19% Year-Over-Year to $776 Million - - Facility Investments Remain on Track to Increase Operational Capacity to ~$950 Million in Revenues by the end of the Second Quarter of 2023 - - Raises Full Year 2023 Growth Outlook for Adjusted EBITDA 1 to a range of $315 Million to $335 Million on Total Revenues of $810 Million to $850
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