Tecnoglass (NYSE:TGLS – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02, Briefing.com reports. The business had revenue of $295.29 million during the quarter. Tecnoglass had a return on equity of 21.51% and a net margin of 14.77%.The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share.
Here are the key takeaways from Tecnoglass’ conference call:
- Record revenue and backlog: Second-quarter revenue rose 15.6% year over year to $295.3 million, while backlog increased 15.6% to a record $1.4 billion. The book-to-bill ratio remained above 1.0 for the 23rd consecutive quarter.
- Broad-based demand and market-share gains continued, with multifamily and commercial revenue up 15.7% and single-family residential revenue up 15.4%. Management cited strong quoting activity, geographic expansion, a growing dealer network, and momentum in its vinyl product line.
- Profitability was pressured by a 77% year-over-year increase in all-in U.S. aluminum costs, Colombia’s 23% minimum-wage increase, a stronger Colombian peso, and tariffs. Adjusted EBITDA margin fell to 17.5% from 31.2%, and the company identified foreign exchange as the primary reason for reducing its outlook.
- Tecnoglass narrowed its 2026 guidance to $1.08 billion-$1.12 billion of revenue and $220 million-$230 million of adjusted EBITDA, while expecting third-quarter revenue to decline sequentially to about $280 million because $15 million-$20 million of residential orders were pulled forward before May pricing actions. Management expects pricing benefits and automation savings to increasingly offset tariff impacts, with full offset targeted for 2027.
- Second-quarter operating cash flow was limited to approximately $4.4 million by seasonal tax payments, tariff-related payments, inventory purchases, and working-capital needs. The company ended the quarter with about $360 million of liquidity, 0.6x net leverage, and $80 million-$95 million of planned 2026 capital expenditures.
Tecnoglass Trading Down 7.0%
TGLS traded down $3.36 on Thursday, hitting $44.39. The company had a trading volume of 487,924 shares. The company has a quick ratio of 1.15, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average price is $44.76 and its 200 day moving average price is $45.25. Tecnoglass has a 1-year low of $37.52 and a 1-year high of $83.32.
Tecnoglass Announces Dividend
Insider Buying and Selling
In other news, major shareholder Holding Corp Energy purchased 80,879 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $40.56 per share, with a total value of $3,280,452.24. Following the completion of the transaction, the insider directly owned 20,812,864 shares in the company, valued at $844,169,763.84. This trade represents a 0.39% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by company insiders.
Institutional Trading of Tecnoglass
Large investors have recently modified their holdings of the company. First Trust Advisors LP grew its stake in Tecnoglass by 17.8% in the 4th quarter. First Trust Advisors LP now owns 1,209,419 shares of the company’s stock valued at $60,858,000 after buying an additional 182,449 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Tecnoglass by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,081,541 shares of the company’s stock worth $54,427,000 after acquiring an additional 58,975 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Tecnoglass by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 640,586 shares of the company’s stock valued at $32,242,000 after acquiring an additional 35,317 shares during the period. Vanguard Group Inc. boosted its holdings in Tecnoglass by 11.4% during the third quarter. Vanguard Group Inc. now owns 625,529 shares of the company’s stock valued at $41,854,000 after acquiring an additional 63,993 shares during the period. Finally, State Street Corp grew its position in shares of Tecnoglass by 9.6% in the fourth quarter. State Street Corp now owns 519,254 shares of the company’s stock valued at $26,207,000 after purchasing an additional 45,544 shares during the last quarter. 37.35% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on TGLS shares. Weiss Ratings downgraded Tecnoglass from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 20th. Robert W. Baird decreased their target price on shares of Tecnoglass from $62.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. Finally, Zacks Research upgraded shares of Tecnoglass from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Tecnoglass currently has an average rating of “Moderate Buy” and a consensus target price of $63.33.
Get Our Latest Stock Report on TGLS
Tecnoglass Company Profile
Tecnoglass, Inc is a vertically integrated designer, manufacturer and distributor of architectural glass, windows and aluminum products for the construction industry. The company’s product portfolio includes tempered, laminated and insulated glass units, high‐performance aluminum windows, curtainwall systems and storefront solutions tailored to commercial, residential and institutional projects.
Established in 1994 as a family‐run enterprise in Barranquilla, Colombia, Tecnoglass has grown through significant investments in automated production lines, research and development, and international quality certifications.
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