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Tecnoglass Inc   (TGLS)
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Price: $45.4200 $-0.38 -0.830%
Day's High: $46.11 Week Perf: 0.93 %
Day's Low: $ 45.41 30 Day Perf: 6.2 %
Volume (M): 230 52 Wk High: $ 54.40
Volume (M$): $ 10,456 52 Wk Avg: $41.40
Open: $45.87 52 Wk Low: $28.21



 Market Capitalization (Millions $) 2,158
 Shares Outstanding (Millions) 48
 Employees 5,853
 Revenues (TTM) (Millions $) 833
 Net Income (TTM) (Millions $) 184
 Cash Flow (TTM) (Millions $) 26
 Capital Exp. (TTM) (Millions $) 78

Tecnoglass Inc

We were originally formed under the name “Andina Acquisition Corporation” for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. On March 22, 2012, we consummated our initial public offering (the “IPO”), and on December 20, 2013, we consummated our initial business combination (the “Merger”), whereby our wholly-owned subsidiary merged with and into Tecnoglass Holding. As a result of the Merger, Tecnoglass Holding and its indirect, wholly-owned subsidiaries, Tecnoglass and ES, became our direct and indirect subsidiaries. Accordingly, the business of Tecnoglass Holding and its subsidiaries became our business. We are now a holding company operating through our direct and indirect subsidiaries.

We are a leading manufacturer of hi-spec architectural glass and windows for the western hemisphere residential and commercial construction industries, operating through our direct and indirect subsidiaries. Headquartered in Barranquilla, Colombia, we operate out of a 2.7 million square foot vertically-integrated, state-of-the-art manufacturing complex that provides easy access to the Americas, the Caribbean, and the Pacific.

The Company is a leading manufacturer of a variety of glass products installed primarily in commercial and residential buildings, including tempered safety, double thermo-acoustic and laminated glass. Tecnoglass products are installed in hotels, residential buildings, commercial and corporate centers, universities, airports and hospitals in a variety of applications such as floating facades, curtain walls, windows, doors, handrails, interior and bathroom spatial dividers. In 2015 Tecnoglass established its Solartec plant, to produce low emissivity glass with high thermal insulation specifications using soft coat technology.

Tecnoglass also produces aluminum products such as profiles, rods, bars, plates and other hardware used in the manufacture of windows. In 2007, Tecnoglass established its Alutions plant in Barranquilla, Colombia for extrusion, smelting, painting and anodizing processes, and for exporting, importing and marketing aluminum products. The Alutions plant contributes all of the raw materials needed for production of Tecnoglass aluminum products.

Glass Magazine ranked Tecnoglass as the second largest glass fabricator serving the U.S. market in 2016. We believe that it is the leading glass transformation company in Colombia, capturing 40% of the market share in the country by sales and volume.

The Company is also a leader in the production of high-end windows, with more than 33 years of experience in the glass and aluminum structure assembly market in Colombia. The Company designs, manufactures, markets and installs architectural systems for high, medium and low rise construction, glass and aluminum windows and doors, office dividers and interiors, floating facades and commercial display windows.

The Company has an important and dominant presence in the Florida market, which has historically represented (and continues to represent) a substantial portion of our total sales and backlog. The Company grew in the Florida market not only through sustained organic growth, but also through the asset acquisitions of Glasswall LLC and RC Aluminum, both in 2014, and the recent acquisition of ESW (formerly a related party), which would reinforce our vertical integration strategy and expansion strategy into U.S. markets. ES has expanded its U.S. sales outside of the Florida market for windows, and into the high-tech market for curtain walls, a product that is in high demand and we believe represents a new trend in architecture, and floating façades. For example, it has been used in El Dorado Airport (Bogotá), University of Baltimore Law School (Baltimore) and Via 57 West (New York). Due to the sophistication of these new products, we believe that we can generate higher margins through the sale of curtain walls as compared to traditional window frames or floor-to-ceiling windows. Curtain walls produced by the Company are composed of high performance materials produced by Alutions, our aluminum smelting plant, and our glass treatment plant.

Vertical Integration

We believe we are unique in vertically integrating the purchase of raw materials, the manufacture of glass and aluminum products and the subsequent production and distribution of customized glass and windows for architectural and industrial settings. By vertically integrating these functions, we are able to price our products competitively while maintaining strict quality control measures to guarantee the high quality of our products. Additionally, we benefit from significant advantages in efficiency and time-to-market for new or customized products. This vertically integrated model provides attractive margins with significant operating leverage.

Ideally situated, with easy access to cost-efficient transport hubs

Our principal manufacturing facilities are located in Barranquilla, Colombia, which is strategically located near three of the country’s major ports: Barranquilla, Cartagena and Santa Marta. These ports, which are no more than two hours’ drive from each other, provide us with maritime access to all major markets globally. The Barranquilla port is just 16 kilometers away from our production facilities, and shipping to Miami’s main port is a three-day journey, six days to New York and 11 days to Los Angeles (through the Panama Canal). Our location provides a significant competitive advantage in light of the relatively low cost of shipping our products from Barranquilla to the U.S. (particularly Florida) as compared to our main competitors located elsewhere, even including our competitors located in Midwest U.S. In addition to very positive impact on cost structure, our strategic location allows us to be more responsive to our customers’ requirements.

High Barriers to Entry

Entry into many of the markets that we serve is limited due to the technical certifications required on high specification building projects such as IGCC, IqNet Icontec 14001 and ISO9001. Our success in those markets is due in large part to our ability to produce sophisticated products, the breadth of our product offering and our reputation for delivering high quality, made-to-order architectural glass on time. These factors are required to compete successfully for multimillion dollar projects typical of our business. Given the vertically-integrated nature of our operations, including the aluminum extrusion products provided by TG, there is a more limited set of competitors and entry into these markets. In addition, the equipment needed to operate in the glass and window industry is expensive, requiring a significant upfront capital investment. In addition, our ES Windows University provides training to our employees ensuring a dedicated and loyal work force, giving us an advantage that potential competitors lack, as they may not be able to bear the cost of providing similar training or retaining similarly trained employees.


Our brands include Tecnoglass, ES Windows and Alutions. Our registered trademarks include “Alutions by Tecnoglass” with the accompanying logo and “Alutions”.



   Company Address: 3550 NW 49th Street Miami 33142 FL
   Company Phone Number: 638 5151   Stock Exchange / Ticker: NYSE TGLS
   


Customers Net Income grew by TGLS's Customers Net Profit Margin grew to

40.4 %

9.64 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
APOG        0.93% 
PPG   -1.59%    
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Tecnoglass Inc

Tough Times for Tecnoglass Inc: Revenue Takes a Hit in Closing Financial Time-Frame of 2023

The stock market has always been a dynamic and ever-changing space, and 2023 was no exception. As we analyze the recent financial performance of Tecnoglass Inc, a construction raw materials company, we can understand the challenges and triumphs that they faced during the October to December 31 financial time-frame.
It is important to note that Tecnoglass Inc experienced a drop in income per share of -33.07% to $0.77 per share. This decline can be attributed to a decrease in revenue of -7.588% to $195.10 million compared to the previous reporting period. However, when we look back at the same period a year ago, we can see that the company realized revenue of $210.53 million and a bottom line of $0.97 per share.

Tecnoglass Inc

Tecnoglass Inc Remarkably Skyrockets its Q3 2023 Revenue, Surpassing All Expectations

Tecnoglass Inc. recently released its financial results for the July to September 30, 2023 time-frame, revealing an intriguing combination of increasing revenue and declining earnings per share (EPS). While revenue grew by an impressive 4.335% to $210.53 million compared to the same period last year, bottom-line results stumbled slightly with a decrease of -1.02% to $0.97 per share. It is worth noting that during the previously reported season, Tecnoglass Inc. achieved revenue of $224.67 million and a bottom-line of $1.10 per share.
The 1.76% drop in bottom-line from $46.922 million to $46.095 million in the respective time-frames is a cause for concern. However, it is crucial to analyze the factors contributing to this decline. Tecnoglass Inc. strategically shifted its focus towards improving sales during the July to September 30, 2023 period, as evidenced by the increased revenue figures. Consequently, the net margin eased to 21.9%.

Tecnoglass Inc

Tecnoglass Inc Reports Astonishing 57% Profit Growth in Q2 2023 Earnings Season

Tecnoglass Inc, a leading manufacturer and distributor of architectural glass and windows, has reported impressive financial results for the period of April to June 2023. The company's profitability saw a significant jump of 57.14% to $1.10 per share compared to the same period of the previous year. This increase in profitability can be attributed to a notable growth in revenue of 32.843% to $224.67 million.
During the preceding reporting period, Tecnoglass Inc had achieved revenue of $202.64 million and earnings of $1.01 per share. Therefore, the current financial time-frame reflects considerable progress for the company. Net profits for this period also rose by 57.32% to $52.565 million, compared to net earnings of $33.413 million in the same period a year ago.

Tecnoglass Inc

Tecnoglass Inc Surges with Impressive Q1 2023 Earnings: Revenue Soars by 50.6% and Income per Share Grows by 129.5%

Tecnoglass Inc is a leading company that specializes in the design, manufacturing, and distribution of innovative architectural glass solutions and aluminum products. The company operates in Colombia, the United States, and other countries around the world.
The Q1 2023 earnings season results were impressive, with the company experiencing a significant increase in revenue and income per share. Revenue soared by 50.607 % to $202.64 million, while income per share grew by 129.55 % to $1.01 per share, compared to the corresponding quarter a year before.
Despite this growth in revenue and income per share, there was a decrease in revenue by -4.016 % from $211.12 million in Q4. Profits also fell by -12.4 % from $1.15 per share. However, this is a common trend in the industry and is often attributed to seasonal factors.






 

Tecnoglass Inc's Segments
 
 
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Tecnoglass Inc does not provide revenue guidance.

Earnings Outlook
Tecnoglass Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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