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The company announced a 36% increase in its quarterly dividend, raising it to $0.15 per share, and simultaneously expanded its share repurchase program to $100 million.

Tecnoglass aims to build on its recent growth through new showroom openings and increased focus on residential and commercial markets.

“It’s as if all the stars lined up for us and what you saw were the results as of 2022, where we were able to grow 44%”

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

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

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...

Tecnoglass introduced a full-year 2021 growth outlook for Adjusted EBITDA of $100 million to $110 million USD on total revenues of $400 million to $415 million. Gross Margin reached a full year record of 37.1% -