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The Trump tariffs disregard a bilateral free trade agreement between Colombia and the United States, and hurt affordability for homeowners.

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.

The credit line increases to $500 million USD from $150 million USD, providing significant financial flexibility for growth and capital allocation.

Tecnoglass' Q2 results demonstrate outstanding financial performance and a clear strategy for growth in the US market.

The company's full-year revenues increased by 6.8%, reaching $890.2 million USD, attributed to organic growth, geographic expansion, and entry into the vinyl market.

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

The dividend will be paid on July 31, 2024 to shareholders of record as of the close of business on June 28, 2024.

Despite macroeconomic and other challenges, COO Christian Daes says the company is "on track for deliveries to increase in the second half of 2024."

Tecnoglass reported net income of $183.5 million USD, which helped support the board's decision to approves a 22% increase in quarterly dividend to $0.11 per share.

The strategic move will more than double the addressable market for Tecnoglass.