Record Revenue Growth
Tecnoglass reported a 15% year-over-year increase in revenue, reaching a first quarter record of $222.3 million, driven by double-digit organic growth across residential and multifamily commercial businesses.
Strong Single-Family Residential Performance
Single-family residential revenues grew 21.6% year over year to $88.9 million, attributed to strength in Florida operations, geographic expansion, and increased brand recognition.
Multifamily and Commercial Business Growth
The multifamily and commercial segment saw an 11.6% year-over-year revenue increase to $133.4 million, supported by an expanding backlog.
Adjusted EBITDA and Margin Improvement
Adjusted EBITDA increased to $70.2 million with a margin of 31.6%, compared to $51 million and a 26.5% margin in the prior year, driven by operational efficiencies and favorable FX dynamics.
Strategic Acquisition
Completed acquisition of Continental Glass Systems, adding approximately $30 million in annualized revenue and enhancing U.S. production capabilities.
Strong Cash Position
Record cash position of $157.3 million and total liquidity of approximately $330 million, providing substantial financial flexibility.
Updated 2025 Outlook
Raised revenue outlook for full-year 2025 to $960 million to $1.02 billion and updated adjusted EBITDA outlook to $305 million to $330 million.