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MIAMI - Tecnoglass, Inc. (NYSE:TGLS), a leading producer of high-end windows and architectural glass, saw its shares jump 9.7% after reporting fourth-quarter earnings that beat analyst expectations and providing a robust outlook for 2025.
The company reported adjusted earnings per share of $1.05 for the fourth quarter, surpassing the analyst estimate of $1.02. Revenue for the quarter came in at $239.6 million, slightly above the consensus estimate of $238.44 million and up 23.1% YoY.
Tecnoglass attributed its strong performance to market share gains in its single-family residential business, continued momentum in multi-family/commercial demand, and operational efficiencies from its vertically integrated model. Single-family residential revenues increased 21.3% YoY, while multi-family/commercial revenues grew 24.3% to record levels.
"I am thrilled with our performance in 2024, as we delivered another year of record results driven by market share gains in our single-family residential business," said José Manuel Daes, Chief Executive Officer of Tecnoglass.
For the full year 2025, Tecnoglass expects revenue to be in the range of $940 million to $1.02 billion, representing growth of approximately 10% at the midpoint. This outlook aligns with the analyst consensus of $980 million.
The company’s backlog expanded 27.6% YoY to a record $1.1 billion, providing visibility well into 2026. Tecnoglass also achieved an all-time low net leverage ratio, with a net cash position at year-end after paying down $65 million in debt throughout 2024.
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