Tecnoglass rejects short seller report as false and misleading

MIAMI - Tecnoglass Inc. (NYSE:TGLS), a manufacturer of aluminum and vinyl windows and architectural glass, on Thursday categorically rejected allegations made in a short seller report, calling them "false, misleading, and unsubstantiated." The company, which maintains impressive gross profit margins of 44.7% and generated $278.5 million in EBITDA over the last twelve months, has received a "GREAT" financial health score from InvestingPro.

The company stated the report largely rehashes claims from 2022 that were previously investigated by a Special Committee of independent board members with external legal and accounting advisors, which found no evidence of wrongdoing, fraud, or financial misstatement.

Tecnoglass reaffirmed its recently increased full-year 2025 financial guidance announced on August 7, citing solid performance through the first half of the year and continued business strength.

The company indicated it is considering all available options, including potential legal action against those responsible for the report, which it characterized as "a clear attempt to manipulate the market and harm the Company’s shareholders."

Tecnoglass also noted its active share repurchase program would be used when appropriate, suggesting management believes the company’s current market price does not reflect its fundamentals and growth outlook.

The Florida-based manufacturer, which describes itself as the second largest glass fabricator serving the U.S. market, generates 95% of its revenue from the United States through its manufacturing complex in Barranquilla, Colombia.

This information is based on a press release statement issued by the company.

In other recent news, Tecnoglass Inc. reported strong financial results for the second quarter of 2025, surpassing both earnings and revenue forecasts. The company achieved an earnings per share of $1.03, which exceeded analyst projections of $0.97 by 6.19%. Revenue for the quarter reached $255.5 million, surpassing expectations of $247.82 million by 3.12%. Despite these positive financial results, the stock experienced a decline in pre-market trading. These developments highlight the company’s performance in the recent quarter.

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