2023-08-08 07:07:09 ET
- Tecnoglass press release ( NYSE: TGLS ): Q2 Non-GAAP EPS of $1.12 beats by $0.05 .
- Revenue of $225.3M (+33.2% Y/Y) beats by $16.08M .
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Strong Organic Growth in Both Multifamily/Commercial and Single-Family Residential Businesses -
- Gross Margin of 48.7%, Up 520 Basis Points Year-Over-Year -
- Net Income of $52.6 Million, or $1.10 Per Diluted Share -
- Adjusted Net Income 1 of $53.5 Million, or $1.12 Per Diluted Share -
- Adjusted EBITDA 1 Up 55.8% Year-Over-Year to $85.0 Million, Representing 37.7% of Total Revenues -
- Produces Strong Cash Flow Excluding Annual Income Tax Payment -
- Backlog Growth Expands 19.4% Year-Over-Year to An All-time High of $797 Million -
- Facility Investments Expand Operational Capacity by 40% to ~$1 Billion of Annual Revenues -
For further details see:
Tecnoglass Non-GAAP EPS of $1.12 beats by $0.05, revenue of $225.3M beats by $16.08M