Tecnoglass Q3 revenue up 4.4% to $210.7M; guides FY23 rev $835-848M, Adj. EBITDA $300-308M

Tecnoglass Inc.

2023-Q3 EPS reported $3.09 revenue$638,662,000

Revenue $210.7M (+4.4% YoY); net income $46.1M ($0.97 diluted EPS); adjusted net income $46.6M ($0.98/share).
Adjusted EBITDA $71.3M (33.8% margin) vs $78.5M (38.9%); gross margin 43% includes 660 bps FX impact.
Record backlog $836M (+20% YoY); operating cash flow $51.3M (all-time high).
FY23 outlook: revenue $835-848M (~17% growth at midpoint), Adj. EBITDA $300-308M (~14% growth).
Repurchased $8.9M shares in Q3 and $11.2M after quarter end; $30M remaining under buyback program.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Tecnoglass Inc. reported third quarter ended September 30, 2023 results: revenue $210.7 million, net income $46.1 million, EPS $0.97 per diluted share. Guidance initiated.

Period: third quarter ended September 30, 2023
Revenue: $210.7 million
Net income: $46.1 million
EPS: $0.97 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

() --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Tecnoglass Reports Strong Third Quarter 2023 Results and Projects Double-Digit Top Line Growth in 2024 - Revenue Growth of 4.4% to $210.7 Million, Entirely Organic, Including a Record $87.8 Million in the Single-Family Residential End Market - - Quarterly Cash Flow from Operations at an All-Time High of $51.3 Million -

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accession 0001493152-23-039433

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