Tecnoglass reports adjusted EPS 92c, consensus 82c

Reports Q1 revenue $222.3M, consensus $213.28M. Jose Manuel Daes, Chief Executive Officer of Tecnoglass (TGLS), commented, “We had an exceptional start to 2025, as we delivered double-digit growth across both our residential and multi-family/commercial businesses, significantly outperforming broader macroeconomic trends. Our team’s commitment to operational excellence, coupled with our vertically integrated advantages, enabled us to drive strong gross margin improvement. In April, we acquired certain assets of Continental Glass Systems, a U.S.-based architectural glass and glazing company that further enhances our growth opportunities in premier commercial end markets, expands our U.S. manufacturing capabilities and enables synergies as we incorporate this business into our vertically integrated operations. We believe this asset acquisition, combined with our expanding geographic footprint, growing showroom network, and innovative suite of products, further solidifies our leading market position and ability to capture attractive project opportunities across the U.S. With a record cash position and fortified balance sheet, we remain confident in our ability to unlock shareholder value throughout 2025 and beyond.”