Tecnoglass Inc

Latest Results (22.11.2025):

Tecnoglass Inc reported strong fourth quarter and full year 2024 results. For the fourth quarter of 2024, revenue rose 23.1% to $239.6 million with record gross margin and improved adjusted EBITDA; for the full year 2024, revenue increased 6.8% to a record $890.2 million, delivered record cash flow from operations, a net cash position at year-end, and provided a 2025 outlook targeting mid‑single‑digit to low‑double‑digit growth (guidance midpoint ~10% revenue growth).

Q4 2024 — Top-line and margins

Fourth quarter 2024 revenue: $239.6M, up 23.1% year‑over‑year. Multi‑family/commercial revenue +24.3% and single‑family residential revenue +21.3% in the quarter. Gross profit $106.5M (44.5% margin) vs. $83.0M (42.6%) a year ago; adjusted EBITDA $79.2M (33.1% of revenues).

Q4 2024 — Profitability

Q4 net income was $47.0M, or $1.00 per diluted share. Adjusted net income was $49.3M, or $1.05 per diluted share, excluding non‑core FX and similar items.

Full Year 2024 — Results and margins

Full year 2024 revenue: $890.2M, up 6.8% (record). Full year gross profit $380.0M (42.7% margin). Net income $161.3M, or $3.43 per diluted share; adjusted net income $171.6M, or $3.65 per diluted share. Adjusted EBITDA $275.8M (31.0% of revenues).

Full Year 2024 — Segment highlights

Single‑family residential full year revenue reached a record $372.1M, up 10.9% YoY. Company also began vinyl window deliveries in H2 2024, adding a new growth avenue.

Cash flow, leverage and capital returns

Operating cash flow for 2024 was a record $170.5M; capex was $79.6M. Company repaid ~$65M of debt in 2024 and finished the year in a net cash position with total liquidity ≈ $305.0M (cash $134.9M plus $170.0M revolver availability). Returned $19.7M in dividends and has ≈ $76.5M remaining under its repurchase program.

Backlog and outlook

Backlog expanded 27.6% YoY to a record $1.1B, providing multi‑period visibility. Management introduced 2025 guidance: revenues $940M–$1.02B (≈10% growth at midpoint) and Adjusted EBITDA $300M–$340M (midpoint implies ~16% Adjusted EBITDA growth).

Risks and operational notes

Management flagged potential downside from proposed U.S. 25% tariffs on aluminum imports (possible implementation March 2025) but said mitigants and more favorable pricing should largely offset impact. Company cited continued automation, capacity enhancements and geographic expansion as drivers of market share gains and margin resilience despite earlier currency headwinds.