Tag

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.

Headquartered in the USA and with factories in Barranquilla, Colombia, Tecnoglass Inc. produces high-end architectural glass and windows for the U.S. and Latin American markets.

Tecnoglass was the only company in the materials segment to secure a spot in the rankings.

Tecnoglass voluntarily offset Scope 1 and 2 emissions for the years 2022 and 2023 by acquiring carbon credits issued by two projects located in Colombia, certified through the Cercarbono (Certified Carbon Standard) program.

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 publication of the results will be followed by a webcast and conference call with management on March 1.

Stocks were ranked based on earnings growth, sales growth, ROE, and total stock return for the latest 12 months available and over the last five years, per Forbes.

CFO Santiago Giraldo: “We see our business performing exceptionally well in a challenging market with share gains driving double-digit organic growth."