Tecnoglass Q1 revenue down 4.9% to $192.6M; Adj. EBITDA $51.0M (26.5%); backlog record $916M; FY2024 base revenue $875M

Tecnoglass Inc.

2024-Q1 EPS reported $0.63 revenue$192,627,000

Revenue $192.6M (-4.9% YoY); net income $29.7M ($0.63 diluted) vs $48.2M ($1.01) prior year.
Adjusted EBITDA $51.0M (26.5% margin) vs $85.8M (42.4%) YoY; gross margin 38.8% vs 53.2% due to FX and mix.
Backlog record $916M (+18% YoY); single-family residential orders in March-April at all-time high, up >12% YoY.
FY2024 base case: revenue $875M, Adj. EBITDA $267M; scenarios 2%-9% revenue growth.
Net leverage 0.1x record low; cash from ops $33.4M; $26M share repurchase remaining.

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 0.95

Tecnoglass Inc. reported the first quarter ended March 31, 2024 results: revenue $192.6 million, net income $29.7 million, or $0.63 per diluted share, EPS $0.63 per diluted share.

Period: the first quarter ended March 31, 2024
Revenue: $192.6 million
Net income: $29.7 million, or $0.63 per diluted share
EPS: $0.63 per diluted share
Result: reported results

Exact text from the filing

Tecnoglass Reports First Quarter 2024 Results - Revenue of $192.6 Million - - Net Income of $29.7 Million, or $0.63 Per Diluted Share

View on SEC.gov

1349 earnings releases filed in the last 30 days. Browse all earnings releases →

Tecnoglass Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-018326

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.