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Tecnoglass (TGLS)
:TGLS
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.02Last Year’s EPS
0.79Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 15.92%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call was largely positive, showcasing Tecnoglass's record-breaking financial performance, strong backlog, and strategic initiatives. While there were some increases in SG&A expenses and impacts from tariffs, these were offset by significant growth and financial flexibility.Company Guidance
During the Tecnoglass Third Quarter 2024 Earnings Call, the company reported record revenues of $238.3 million, entirely driven by organic growth. The single-family residential segment reached a new quarterly revenue record of $109.7 million, marking a 25% year-over-year increase, while the multifamily and commercial segment grew by 4.6% to $128.6 million. The company achieved an adjusted EBITDA of $81.4 million, with a margin of 34.2%, and a gross profit of $109.2 million, reflecting a 45.8% gross margin. Operating cash flow was robust at $41.5 million, and Tecnoglass announced a dividend increase of 36% to $0.15 per share. The backlog reached approximately $1.04 billion, ensuring strong visibility into 2026. Looking ahead, Tecnoglass updated its full-year 2024 revenue outlook to between $880 million and $900 million and adjusted EBITDA to a range of $270 million to $280 million, supported by stable exchange rates and robust market demand.Record Revenue and Growth
Tecnoglass achieved record revenues of $238.3 million in Q3 2024, with a 13.1% year-over-year increase. Single-family residential revenues reached a new quarterly record of $109.7 million, reflecting 25% growth year-over-year.
Strong Financial Position
The company generated an operating cash flow of $41.5 million, with a net leverage ratio dropping to a record low of 0.01x. Total liquidity was approximately $290 million.
Increased Dividends and Shareholder Returns
Announced a 36% increase in dividends to $0.15 per share and expanded the buyback program to $100 million.
Strategic Visibility and Backlog
Tecnoglass achieved a record multiyear backlog of approximately $1.04 billion, providing visibility into 2026. The book-to-bill ratio was maintained above 1.1x for 15 consecutive quarters.
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TGLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TGLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $70.12 | $70.27 | +0.21% |
| Aug 08, 2024 | $47.44 | $53.82 | +13.45% |
| May 09, 2024 | $51.62 | $51.38 | -0.46% |
| Feb 29, 2024 | $46.40 | $44.45 | -4.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tecnoglass (TGLS) report earnings?
Tecnoglass (TGLS) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Tecnoglass (TGLS) earnings time?
Tecnoglass (TGLS) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TGLS EPS forecast?
TGLS EPS forecast for the fiscal quarter 2024 (Q4) is 1.02.
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