Tecnoglass reports record FY2023 revenue $833.3M, adj. EPS $3.98; raises dividend 22%

Tecnoglass Inc.

2023-FY EPS reported $3.85 revenue$833,265,000

Full year revenue +16% to record $833.3M; net income $183.5M ($3.85 diluted EPS).
Adj. EBITDA record $304.1M (36.5% of sales); Q4 revenue $194.6M (-7.8% YoY).
Backlog expanded 20% YoY to record $870.1M; net leverage 0.1x at year end.
Board approved 22% dividend increase to $0.11/share quarterly, payable Apr 30, 2024.
Guides for double-digit revenue growth in FY2024; vinyl window shipments began Dec 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Tecnoglass Inc. reported fourth quarter and full year ended December 31, 2023 results: revenue $194.6 million, net income $36.5 million, or $0.77 per diluted share, EPS $0.77 per diluted share.

Period: fourth quarter and full year ended December 31, 2023
Revenue: $194.6 million
Net income: $36.5 million, or $0.77 per diluted share
EPS: $0.77 per diluted share
Result: reported results

Exact text from the filing

while taking advantage of the long-term opportunities we see across our end markets.” Fourth Quarter 2023 Results Total revenues for the fourth quarter of 2023 decreased 7.8% to $194.6 million compared to $211.1 million in the prior year quarter. Commercial activity performed in line with expectations given the projected timing of project deliveries. Single-family

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Source: SEC EDGAR

accession 0001493152-24-008345

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