Record-Breaking Revenue and Growth
Tecnoglass reported record total revenues of $255.5 million for Q2 2025, reflecting a 16.3% year-over-year increase. This growth was driven by strong double-digit organic growth in both single-family residential and multifamily commercial businesses.
Strong Performance in Single-Family Residential Business
The single-family residential business achieved record revenues of $109.6 million, marking a 14.5% increase year-over-year. There was also a 29% sequential growth in customer orders compared to Q1 2025.
Multifamily and Commercial Business Growth
The multifamily and commercial businesses delivered a 17.8% year-over-year revenue growth to $145.9 million, driven by demand for luxury mid- to high-rise projects in Florida.
Record Backlog and Strategic Acquisitions
The company ended the quarter with a record backlog of $1.2 billion, representing 33 consecutive quarters of year-over-year backlog expansion. The acquisition of Continental Glass Systems further strengthens Tecnoglass' capabilities and diversifies its production footprint.
Improved Margin and Efficiency
Gross margin improved by 400 basis points to 44.7%, driven by increased production, favorable product mix, and cost control actions. Adjusted EBITDA increased to $79.8 million, with a margin of 31.2%.
Expanded Geographic Reach and Product Line
Tecnoglass expanded its dealer network by 15% to 20% and commenced actions to open a new showroom in California to promote the legacy aluminum product line, with encouraging order momentum.