Tecnoglass reports Q4 adjusted EPS $1.05, consensus $1.02

Reports Q4 revenue $239.6M, consensus $239.4M. CEO Jose Manuel Daes commented, “I am thrilled with our performance in 2024, as we delivered another year of record results driven by market share gains in our single-family residential business, continued momentum in multi-family/commercial demand, and the operational advantages of our vertically integrated business model…Despite currency headwinds in the first half of the year, we maintained industry-leading margins while generating record operating and free cash flow, demonstrating the resilience of our business model. Our strong capital position enabled us to achieve a net cash position at year end while also returning significant capital to shareholders throughout the year. With a record backlog and our strategic growth initiatives gaining momentum, we remain confident in our ability to drive further value creation through continued market share gains and operational discipline.” COO Christian Daes added, “We were pleased to build on our momentum throughout 2024 to deliver record results for both Q4 and full year. Demand remained robust across our end markets, with strong commercial activity supported by increased quoting and bidding, driving our backlog to a record $1.1B at year-end, providing visibility well into 2026….We remain committed to gaining additional share and expanding our geographic presence by advancing our product innovation, growing our showroom network, and maintaining our industry-leading customer service. We are confident that these factors, along with our strong industry relationships and structural competitive advantages, collectively position us well to create additional value in the years ahead.”