Tecnoglass Q2 record revenue $225.3M (+33.2%); raises FY2023 guidance

Tecnoglass Inc.

2023-Q2 EPS reported $2.12 revenue$427,919,000

Net income $52.6M ($1.10 diluted EPS); adjusted EPS $1.12; adjusted EBITDA $85.0M (37.7% of revenue).
Gross margin 48.7% (+520 bps) on higher volume, favorable pricing, and automation efficiencies.
Backlog record $797M (+19.4% YoY); operational capacity expanded 40% to ~$1B annual revenue.
FY2023 outlook raised: revenue $830-855M, adjusted EBITDA $320-335M; net debt leverage at 0.2x.
Quarterly dividend $0.09/share paid July 31; annual tax payment of $56.5M impacted operating cash flow.

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. reported second quarter ended June 30, 2023 results: revenue $225.3 million, net income $52.6 million, EPS $1.10 per diluted share. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $225.3 million
Net income: $52.6 million
EPS: $1.10 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

reference in such document. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Tecnoglass Reports Record Second Quarter 2023 Results - Record Total Revenues Up 33.2% to $225.3 Million - - Strong Organic Growth in Both Multifamily/Commercial and Single-Family Residential Businesses - - Gross Margin of 48.7%, Up 520 Basis Points Year-Over-Year - - Net Income of

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accession 0001493152-23-027099

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