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Tecnoglass Inc. - TGLS STOCK NEWS

Welcome to our dedicated page for Tecnoglass news (Ticker: TGLS), a resource for investors and traders seeking the latest updates and insights on Tecnoglass stock.

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.

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Tecnoglass (NASDAQ: TGLS), a leading manufacturer of architectural glass and windows, announced that its CEO José Manuel Daes and COO Chris Daes will ring the NASDAQ Opening Bell on August 20, 2021. This event, attended by the company's board and senior management, recognizes Tecnoglass's achievements in the industry. The company highlights its strong investment returns and leadership in architectural glass innovation. A live stream of the ceremony will be available to viewers.

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Tecnoglass (TGLS) reported a record total revenue of $121.7 million for Q2 2021, up 49% year-over-year, with single-family residential revenues soaring 159%. U.S. revenues accounted for 90% of total sales, demonstrating significant growth in both residential and commercial sectors. The company achieved a gross margin of 40% and a net profit of $19.2 million, or $0.40 per diluted share. Adjusted EBITDA rose 52.7% to $35.6 million. The backlog reached $559 million, and the full-year revenue outlook has been raised to between $450 million and $465 million.

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Tecnoglass (NASDAQ: TGLS) announced the release of its second quarter 2021 financial results on August 6, 2021, before market opening. A conference call and webcast will follow at 9:00 a.m. Eastern time to discuss the results. Tecnoglass is a significant player in the architectural glass industry, serving both residential and commercial markets globally. The company is based in Barranquilla, Colombia, and boasts a large manufacturing complex. Approximately 90% of its revenue is derived from the U.S. market.

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Tecnoglass (NASDAQ: TGLS), a leading manufacturer of architectural glass and aluminum products, has declared a quarterly cash dividend of $0.0275 per share, totaling $0.11 annually, for Q2 2021. This dividend will be disbursed on July 30, 2021, to shareholders on record as of June 30, 2021. Tecnoglass operates a significant manufacturing facility in Colombia and serves a global clientele, with over 90% of its revenue stemming from the U.S. market.

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Tecnoglass (NASDAQ: TGLS) announced its participation in two virtual investor conferences: the Baird 2021 Global Consumer, Technology & Services Conference on June 9, 2021, and the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021. Tecnoglass is a top manufacturer of architectural glass and associated products, primarily serving the U.S. market, which accounts for over 90% of its revenue. The company operates from Barranquilla, Colombia, and is a leading player in the architectural glass transformation sector in Latin America.

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Tecnoglass (NASDAQ: TGLS), a prominent manufacturer of architectural glass and aluminum products, has announced its upcoming presentation at the Sidoti Microcap Virtual Investor Conference scheduled for May 20, 2021, at 10:45 a.m. ET. The event will be accessible via Tecnoglass' website, with a replay available afterward. Tecnoglass operates a vertically-integrated manufacturing complex in Barranquilla, Colombia, and serves over 1,000 global customers, primarily in the U.S., accounting for over 90% of revenue.

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Tecnoglass reported impressive Q1 2021 results with total revenues of $110.9 million, a 27% increase year-over-year, driven by strong demand in the single-family residential sector, which grew 71%. The company achieved a record gross margin of 40.7%, up 590 basis points, and net profit of $8.2 million, leading to adjusted net income of $16.8 million or $0.35 per diluted share. Adjusted EBITDA rose 64.8% to $33.5 million. The backlog reached a record $552 million, and full-year revenue growth outlook was raised to $420-$435 million.

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Tecnoglass (NASDAQ: TGLS) announced it will release its financial results for Q1 2021 on May 7, 2021, before market opening. The management will conduct a webcast and conference call on the same day at 10:00 a.m. Eastern Time to discuss the results. Tecnoglass, located in Barranquilla, Colombia, is a leading manufacturer of architectural glass and aluminum products, serving global residential and commercial markets. The company is recognized as the #1 architectural glass transformation company in Latin America and the second largest glass fabricator in the U.S.

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Tecnoglass, Inc. (TGLS), a leading manufacturer of architectural glass, hosted Colombian President Iván Duque at its advanced facilities during the IDB Annual Meeting in Barranquilla. The visit highlighted Tecnoglass's growth, particularly in the U.S. market, and its contributions to local communities, especially during the pandemic. The company has invested approximately $200 million since 2015 in advanced technologies, enhancing energy efficiency and reducing waste. Management expressed optimism about continued economic recovery and overseas expansion opportunities, underlining a strong commitment to sustainability.

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Tecnoglass (NASDAQ: TGLS) has declared a quarterly cash dividend of $0.0275 per share, amounting to $0.11 on an annualized basis, for the first quarter of 2021. This dividend will be distributed on April 30, 2021, to shareholders on record by March 31, 2021. The company, based in Barranquilla, Colombia, specializes in architectural glass and aluminum products, with over 90% of its revenues generated from the U.S., serving both residential and commercial markets.

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FAQ

What is the current stock price of Tecnoglass (TGLS)?

The current stock price of Tecnoglass (TGLS) is $80.06 as of December 20, 2024.

What is the market cap of Tecnoglass (TGLS)?

The market cap of Tecnoglass (TGLS) is approximately 3.7B.

What is Tecnoglass Inc.?

Tecnoglass Inc. (TGLS) is a leading manufacturer and distributor of high-quality architectural glass and windows.

When was Tecnoglass Inc. founded?

Tecnoglass Inc. began operations on April 18, 1994.

What types of products does Tecnoglass offer?

Tecnoglass offers tempered, laminated, insulating, Solar Control Low-E glass, bulletproof glazing, and curved glass.

Where are Tecnoglass products installed?

Tecnoglass products are installed in hotels, residential buildings, commercial centers, airports, hospitals, and more.

What is Solar Control Low-E glass?

Solar Control Low-E glass is a type of energy-efficient glass that helps in reducing heat gain and loss, contributing to energy savings.

Where does Tecnoglass generate the majority of its revenue?

The majority of Tecnoglass revenue comes from sales and installations in the United States.

What recent financial achievements has Tecnoglass reported?

Tecnoglass reported adjusted net income and adjusted EBITDA in its latest financial updates.

How does Tecnoglass handle currency impacts?

Tecnoglass translates current quarter revenues at prevailing average foreign currency rates to accurately reflect financial impacts.

What are some recent achievements of Tecnoglass?

Recent achievements include continuous product innovation, expansion into new markets, and strategic partnerships.

What is Tecnoglass's commitment to sustainability?

Tecnoglass is committed to sustainability by offering products like Solar Control Low-E glass, which enhance energy efficiency.

Tecnoglass Inc.

Nasdaq:TGLS

TGLS Rankings

TGLS Stock Data

3.73B
23.80M
49.36%
46.69%
4.99%
Building Materials
Flat Glass
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United States of America
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