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Record Q4 Gross Margin, Operating Margin, Net Income, Adjusted EPS & Free Cash Flow

Export data for September disappointed once again, but unemployment data is trending favorably - and tax reform passed!

Gross profit for the third quarter of 2022 nearly doubled to $105.3 million, representing a 52.2% gross margin

This past week: Nationwide protests, the falling peso, land redistribution, Ecopetrol, Petro's pal Lula, Quintero's Hidroituango crisis, & more!

Perhaps the biggest concern is the perception of mixed messages between President Petro and Finance Minister Ocampo.

The manufacturer announced their backlog has expanded 17.9% Year-Over-Year to a Record $651 Million USD

The Peso remains a lottery - with an election in 3 months and the continuing 'red under the bed' narrative.

The order backlog for Tecnoglass includes 20 of the 22 tallest skyscrapers currently under construction or planning to break ground in South Florida.

Tecnoglass' adjusted EBITDA Up 52.7% Year-Over-Year to a Record $35.6 Million, or 29.3% of Total Revenues. “Our ability to timely deliver best-in-class products led to outsized revenue growth and market share gains in the U.S. during the second quarter."-Christian Daes

Tecnoglass raises Full Year 2021 Growth Outlook to Adjusted EBITDA1 of $115 Million to $125 Million on Total Revenues of $420 Million to $435 Million. Record Cash Flow From Operations of $29.0 Million Marks 4 Straight Quarters of Exceptional Cash Generation and Supporting Further...