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Tecnoglass Inc. (TGLS) is a leading manufacturer and distributor of high-quality architectural glass and windows. Founded on April 18, 1994, the company began operations by producing tempered, laminated, insulated glass, and specialty products like bulletproof glazing and curved glass. Over the years, Tecnoglass has expanded its offerings to include Solar Control Low-E glass, catering to the growing demands for energy-efficient solutions.
The company's diverse portfolio is designed for installation in various structures, including hotels, residential buildings, commercial and corporate centers, airports, and hospitals. Tecnoglass products are used in floating facades, curtain walls, windows, doors, handrails, and interior dividers, highlighting their versatility and quality.
Tecnoglass Inc. generates the majority of its revenue from sales and installations in the United States, reflecting its strong market presence and demand for its premium products. The company is committed to competitive pricing, timely deliveries, and maintaining high standards of production quality.
In recent financial updates, Tecnoglass reported an adjusted net income and adjusted EBITDA, highlighting its stable financial condition. The company continually adapts to currency impacts by translating revenues at prevailing average foreign currency rates, ensuring accurate financial reporting and planning.
Recent Achievements and Partnerships:
- Continuous product innovation and expansion into new markets.
- Strong strategic partnerships enhancing product offerings and market reach.
- Commitment to sustainability and energy efficiency with Solar Control Low-E glass.
Tecnoglass Inc. remains a pivotal player in the architectural glass and window industry, driven by its dedication to quality, innovation, and customer satisfaction.
Tecnoglass (NYSE: TGLS) announced a significant 36% increase in its quarterly dividend, raising it to $0.15 per share from $0.11 per share. The new annualized dividend rate will be $0.60 per share, up from the previous $0.44 per share. Shareholders of record as of December 31, 2024, will receive the increased dividend payment on January 31, 2025. The company's CFO emphasized that this increase reflects strong cash flow generation capabilities and business trajectory while maintaining financial flexibility for growth initiatives.
Tecnoglass (NYSE: TGLS), a leading manufacturer of premium aluminum and vinyl windows and architectural glass for residential and commercial markets worldwide, has announced its participation in the Raymond James 2024 TMT & Consumer Conference. The event is scheduled to take place in New York, NY on Tuesday, December 10, 2024.
Tecnoglass (NYSE: TGLS), a leading manufacturer of high-end aluminum and vinyl windows and architectural glass, announced its participation in the Baird 2024 Global Industrial Conference. The event will take place in Chicago, IL on Wednesday, November 13, 2024. The company, which serves both residential and commercial markets globally, will showcase its expertise in architectural glass and window solutions at this significant industry gathering.
Tecnoglass (TGLS) reported record third quarter 2024 results with revenue reaching $238.3 million, up 13.1% year-over-year. Single-family residential revenue increased 25% to $109.7 million. The company achieved a gross margin of 45.8%, net income of $49.5 million ($1.05 per share), and Adjusted EBITDA of $81.4 million. Record backlog expanded to $1.04 billion. The Board approved a 36% increase in quarterly dividend and expanded share repurchase program to $100 million. The company strengthened its 2024 guidance, projecting full-year revenues of $880-900 million and Adjusted EBITDA of $270-280 million.
Tecnoglass (NYSE: TGLS) has been ranked as the 27th fastest-growing company in the United States for 2024 by Fortune Magazine. The company, which produces high-end aluminum and vinyl windows and architectural glass, is the only materials segment company recognized on the prestigious Fortune 100 Fastest-Growing Companies list. The ranking is based on Tecnoglass' impressive revenue growth of 65% and adjusted EPS growth of over 200% from 2021 to LTM June 2024, along with three-year annualized shareholder returns. The recognition highlights Tecnoglass' successful execution of strategic initiatives, commitment to innovation, and strong market position in both residential and multi-family/commercial sectors.
Tecnoglass (NYSE: TGLS), a leading producer of high-end aluminum and vinyl windows and architectural glass, has scheduled its third quarter 2024 financial results release for Thursday, November 7, 2024, before market opens. Management will host a webcast and conference call at 10:00 a.m. Eastern time on the same day. The conference call will be accessible via webcast through the company's website and by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international). A telephonic replay will be available until January 7, 2025.
Tecnoglass (NYSE: TGLS), a leading producer of high-end windows and architectural glass, has announced its participation in two upcoming investor conferences. The company will attend the Sidoti Small Cap Conference on September 18, 2024, where it will present at 10:45 a.m. eastern time. Additionally, Tecnoglass will participate in the D.A. Davidson 23rd Annual Diversified Industrials & Services Conference on September 19, 2024.
Investors can access a live broadcast of the Sidoti presentation, including presentation materials, through the Investor Relations section of Tecnoglass' website. A replay of the webcast will be available after the event, providing an opportunity for those unable to attend to review the company's presentation and updates.
Tecnoglass (NYSE: TGLS), a leading manufacturer of high-end aluminum and vinyl windows and architectural glass, has announced its third quarter 2024 dividend. The company's Board of Directors has declared a quarterly dividend of $0.11 per share, which equates to $0.44 per share on an annualized basis. This dividend will be paid on October 31, 2024, to shareholders of record as of the close of business on September 30, 2024. Tecnoglass serves both residential and commercial markets globally, highlighting its diverse customer base and market presence.
Tecnoglass (NYSE: TGLS) reported its Q2 2024 results with revenues of $219.7 million, a 2.5% year-over-year decrease but still the second-highest in its history. The company saw record single-family residential revenues of $95.7 million, a 10.1% increase. Net income was $35.0 million or $0.75 per diluted share, while adjusted net income was $40.5 million or $0.86 per diluted share. Adjusted EBITDA reached $64.1 million. Tecnoglass experienced strong cash flow from operations at $34.5 million and a low net leverage ratio of 0.06x. The backlog grew 29% to a record $1.02 billion. The company improved its full-year 2024 outlook, projecting revenues between $860 million and $910 million and adjusted EBITDA between $260 million and $285 million, supported by strong single-family residential orders and operational efficiencies.
Tecnoglass Inc. (NYSE: TGLS) announces that its ES Pivot Door has received two prestigious industry awards, highlighting excellence in design and functionality. The awards include:
1. Best Hardware Product in the 2024 Glass Magazine Awards, recognizing excellence in design, functionality, and innovation in the architectural glass and glazing industry.
2. Luxe RED Awards Readers' Choice recognition, celebrating outstanding achievements in residential architecture, interior design, and landscape architecture in the luxury design industry.
CEO José Manuel Daes expressed pride in these recognitions, emphasizing Tecnoglass' commitment to innovation and design excellence in high-performance window and door systems. The awards validate the product's technical superiority and appeal to the luxury residential market.
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