STOCK TITAN

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.

Rhea-AI Summary
Tecnoglass, Inc. (TGLS) reports a successful financial year in 2023 with a 16% increase in revenues to a record $833.3 million, a net income of $183.5 million, and an adjusted EBITDA of $304.1 million. The company achieved a record low net leverage ratio of 0.1x, expanded backlog by 20%, and introduced a 22% increase in quarterly dividend. Tecnoglass is optimistic about double-digit revenue growth in 2024, driven by entry into the vinyl window market and strong operational performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.19%
Tags
none
-
Rhea-AI Summary
Tecnoglass, Inc. (TGLS) will release financial results for Q4 and full year 2023 on Feb 29, 2024. A webcast and conference call will be held on March 1, 2024, at 8:30 a.m. Eastern time to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.82%
Tags
-
Rhea-AI Summary
Tecnoglass, Inc. (NYSE: TGLS) declares a quarterly dividend of $0.09 per share, or $0.36 per share on an annualized basis, for the fourth quarter of 2023, to be paid on January 31, 2024 to shareholders of record as of December 29, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
dividends earnings
Rhea-AI Summary
Tecnoglass, Inc. (NYSE: TGLS) will attend the Raymond James TMT and Consumer Conference in New York, NY on December 6, 2023. Tecnoglass is a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
conferences
-
Rhea-AI Summary
Tecnoglass, Inc. (NYSE: TGLS) has been ranked as the #1 most successful small-cap company for 2024 by Forbes, based on its highly profitable growth and superior shareholder returns. The company's recent relocation of its global headquarters to the United States has contributed to this recognition. Tecnoglass remains committed to its investors, customers, and employees, focusing on leveraging its unique business model for continued growth and meaningful shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.52%
Tags
none
-
Rhea-AI Summary
Tecnoglass, Inc. (NYSE: TGLS) will attend the Baird 53rd Annual Global Industrial Conference in Chicago, IL on November 8, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.48%
Tags
conferences
Rhea-AI Summary
Tecnoglass, Inc. reported strong financial results for Q3 2023, with revenue growth of 4.4% to $210.7 million, a record $87.8 million in the single-family residential end market, and a quarterly cash flow from operations at an all-time high of $51.3 million. The company also achieved net income of $46.1 million, adjusted net income of $46.6 million, and adjusted EBITDA of $71.3 million. Tecnoglass experienced continued strong backlog growth, expanding 20% year-over-year to a record $836 million. They executed 40% of their repurchase program totaling $20 million of stock to date and more than doubled their addressable market with a strategic entrance into the high-end vinyl segment. The company completed strategic investments to expand operational capacity by 40% to approximately $1 billion of revenues and relocated their global headquarters to Miami, FL.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.05%
Tags
-
Rhea-AI Summary
Tecnoglass to release Q3 2023 financial results and host conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
Tags
-
Rhea-AI Summary
Tecnoglass, Inc. announces rebranding of ES Windows to ES, representing a new journey for the company. The new visual identity reflects a forward-looking organization. CEO emphasizes commitment to quality, innovation, and growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.8%
Tags
none
Rhea-AI Summary
Tecnoglass, Inc. (NYSE: TGLS) to attend investor conferences: Zelman Virtual Housing Summit, Sidoti September Small Cap Conference, and D.A. Davidson 22nd Annual Diversified Industrials & Services Conference. Will present at Sidoti Conference on Sept 20 at 1:00 p.m. ET. Webcast available on company website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
conferences

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.

NYSE:TGLS

TGLS Rankings

TGLS Stock Data

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