Tecnoglass Q3 record revenue $238.3M (+13.1% YoY); raises FY2024 guidance; hikes dividend 36%

Tecnoglass Inc.

2024-Q3 EPS reported $2.43 revenue$650,608,000

Record single-family residential revenue $109.7M (+25% YoY); multi-family/commercial revenue +4.6%.
Gross margin 45.8% (up 290 bps); adjusted EBITDA $81.4M (34.2% of sales), up 14.2% YoY.
Board approves 36% dividend increase to $0.15/share and expands buyback authorization to $100M.
FY2024 revenue guidance raised to $880M-$900M; adjusted EBITDA target $270M-$280M.
Backlog reaches record $1.04B; net leverage 0.01x; expects net cash position by year-end.

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