- Tecnoglass press release ( NYSE: TGLS ): Q3 Non-GAAP EPS of $1.01 beats by $0.30 .
- Revenue of $201.8M (+54.8% Y/Y) beats by $32.05M .
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Revenues Driven Entirely by Organic Growth in Both Single-Family Residential and Commercial Businesses -
- Record Gross Margin of 52.2%, Up 1300 Basis Points Year-Over-Year -
- Record Net Income of $46.9 Million and $0.98 Per Diluted Share -
- Adjusted EBITDA 1 More Than Doubled Year-Over-Year to $78.5 Million, or 38.9% of Total Revenues -
- Cash Flow from Operations of $29.1 Million Drives All Time Low Leverage Now Standing at 0.4x -
- Backlog Expanded 21.1% Year-Over-Year to a Record $696.9 Million
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Increases Full Year 2022 Growth Outlook to Adjusted EBITDA 1 of $240 Million to $255 Million on Total Revenues of $680 Million to $700 Million
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Tecnoglass beats top and bottom line, increases FY outlook