earnings
confidence high
sentiment negative
materiality 0.80
Tecnoglass Q2 revenue up 15.6% to record $295.3M, but net income falls to $24.6M from $44.1M; guidance narrowed
Tecnoglass Inc.
- Record Q2 revenue $295.3M (+15.6% YoY); backlog record $1.38B (+15.6% YoY).
- Net income $24.6M ($0.55 diluted) vs $44.1M ($0.94) prior year; adjusted net income $23.8M ($0.54) vs $48.5M ($1.03).
- Adjusted EBITDA $51.7M (17.5% margin) vs $79.8M (31.2%) prior year; gross margin fell to 37.3% from 44.7%.
- Full year 2026 guidance narrowed: revenue $1.08B-$1.12B, Adjusted EBITDA $220M-$230M; pricing actions and automation expected to benefit H2.
- Completed redomiciliation to Florida; evaluating US facility; 10% headcount reduction; $6.7M dividends paid; $92.5M buyback remaining.