---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-015369"
form_type: "8-K"
ticker: "TGLS"
cik: "0001534675"
company_name: "Tecnoglass Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:49:31.312199+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tecnoglass Q1 revenue up 51% to $202.6M; raises FY 2023 guidance

## Summary
- Record Q1 revenue of $202.6M, up 50.6% YoY; gross margin 53.2%, +830 bps.
- Adjusted EBITDA rose 89% to $85.8M (42.4% margin); net income $48.4M ($1.01 EPS).
- Backlog grew 19% to $776M; cash from operations $43.1M, free cash flow $27.5M.
- Raised FY2023 outlook: revenue $810-850M, Adjusted EBITDA $315-335M.
- Quarterly dividend increased 20% to $0.09 per share.

## SEC filing metadata
- accession: 0001493152-23-015369
- form_type: 8-K
- ticker: TGLS
- cik: 0001534675
- company_name: Tecnoglass Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534675/000149315223015369/0001493152-23-015369-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534675/000149315223015369/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-015369
- JSON: https://secwatch.observer/filing/0001493152-23-015369.json
- Plain text: https://secwatch.observer/filing/0001493152-23-015369.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534675/000149315223015369/0001493152-23-015369-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.