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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 reported a 51% growth in single-family residential revenues in Q4 2020, contributing to a net income of $24.2 million for the full year. Adjusted net income reached $36.8 million, or $0.79 per diluted share. The company's gross margin improved to a record 37.1% for the year, while total revenues for 2020 were $374.9 million, down from $430.9 million in 2019. Notably, a new $300 million credit facility was established, enhancing financial flexibility. The outlook for 2021 suggests revenue growth to $400-$415 million and adjusted EBITDA of $100-$110 million.
Tecnoglass, a prominent manufacturer of architectural glass and windows, announced its participation in the Raymond James 42nd Annual Institutional Investors Conference on March 3, 2021. The company, based in Barranquilla, Colombia, holds the position of the second-largest glass fabricator in the U.S. and leads in architectural glass transformation in Latin America. Over 90% of its revenue comes from the U.S., with its products featured in notable properties such as United Nations Plaza and Salesforce Tower. For more details, visit tecnoglass.com.
Tecnoglass, a leading manufacturer of architectural glass and aluminum products, will announce its Q4 and full-year 2020 financial results on March 2, 2021, before the market opens. The management will host a webcast and conference call at 10:00 a.m. ET to discuss the results. This call will be accessible live via the company's website or by phone. Tecnoglass holds a significant position in the U.S. market, generating over 90% of its revenues from this region and is recognized as the top architectural glass transformation company in Latin America.
Tecnoglass (NASDAQ: TGLS) announced a quarterly cash dividend of $0.0275 per share, amounting to $0.11 annually for Q4 2020. This dividend will be distributed on January 29, 2021, to shareholders on record as of December 31, 2020. As a major player in the architectural glass industry, Tecnoglass continues to serve over 1,000 customers, with more than 90% of its revenue coming from the U.S. market.
Tecnoglass (NASDAQ: TGLS) announced the completion of its delisting from the Colombia Stock Exchange, ceasing trading of its shares under the ticker TGLSC. The company, which derives over 90% of its revenue from the U.S., aims to streamline its operations by consolidating its trading on NASDAQ, where over 99% of shares have traded in the past two years. This transition is expected to reduce administrative expenses and simplify the capital structure, aligning better with U.S.-based shareholders' interests.
Tecnoglass (NASDAQ: TGLS), a prominent manufacturer of architectural glass and aluminum products for commercial and residential construction, will participate in the Baird 50th Annual Global Industrial Conference on November 11, 2020. Based in Barranquilla, Colombia, Tecnoglass is the top architectural glass transformation company in Latin America and the second largest in the U.S. Over 80% of its revenues come from the U.S., serving over 1000 customers across the Americas. Noteworthy projects include El Dorado Airport and Salesforce Tower.
Tecnoglass reported a net income of $8.3 million for Q3 2020, with adjusted net income at $12.7 million or $0.28 per diluted share. Total revenues reached $103.3 million, growing 3.1% in U.S. markets. The company achieved an Adjusted EBITDA of $28.5 million, improved gross margin to 38.8%, and generated $51 million in cash flow year-to-date. Tecnoglass announced a new $300 million credit facility to lower interest rates. The full-year EBITDA outlook is $95 million to $100 million.
Tecnoglass has announced a new $300 million Senior Secured Credit Facility to replace existing borrowings, reducing its interest expenses by an estimated $11 million annually. The facility includes a $250 million term loan and a $50 million revolving credit line, maturing in 2025, with an initial interest rate of 3.00% expected to decrease to 2.75% in 2021. The funds will also support working capital needs. Additionally, Tecnoglass completed a $10.9 million land purchase for its joint venture with Saint-Gobain for a new manufacturing facility.
Tecnoglass (NASDAQ: TGLS), a premier manufacturer of architectural glass and aluminum products, will release its third quarter 2020 financial results on November 6, 2020, before the market opens. A webcast and conference call will be held at 10:00 a.m. ET that same day, allowing investors to review the results live. Tecnoglass is recognized as the #1 architectural glass transformation company in Latin America and serves over 1,000 customers, with more than 80% of its revenues derived from the United States.
Tecnoglass (NASDAQ: TGLS), a premier manufacturer of architectural glass, windows, and aluminum products, announced its participation in the D.A. Davidson 19th Annual Diversified Industrials & Services Virtual Conference on September 23, 2020. Based in Barranquilla, Colombia, Tecnoglass is the leading glass transformation company in Latin America and the second-largest glass fabricator for the U.S. market, serving over 1000 customers. Notable projects include El Dorado Airport in Bogota and Salesforce Tower in San Francisco. For more details, visit www.tecnoglass.com.
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