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Higher costs and supply chain challenges are pressuring Colombian flower exports.

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

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

Last week ended with the Central Bank increasing rates from 10-11%, fully as expected but FinMin Ocampo was part of a unanimous vote of 7-0 despite public comments suggesting rate increases wouldn’t slow supply side inflation. His reply was that he wanted to help the...

Services exports reached $7.641 billion, 30.9% higher than in 2020.

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

The manufacturer says it has been impacted by a shortage of shipping containers leading to steep increases in shipping costs, along with the fall in the Colombian peso, making their products more expensive.

55% of Colombians support more trade barriers to imports of foreign goods and services, while a majority of 54% of Colombians still agree that “Overall, globalization is a good thing for my country.”

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...

Latin America could continue to benefit from re-shoring as the U.S. seeks to reduce its businesses reliance on Chinese suppliers. China’s own economic recovery will be a significant determinant of commodity prices.