Quarterly ResultMay 7, 2026, 07:08 AM
Tecnoglass Q1 Revenue Up 12% to $249M; Backlog Hits Record $1.36B
AI Summary
Tecnoglass Inc. reported record first quarter 2026 revenue of $249.0 million, a 12.0% increase year-over-year, and a record backlog of $1.36 billion, up 19.1%. Despite strong top-line growth, net income decreased to $31.9 million ($0.71 diluted EPS) from $42.2 million ($0.90 diluted EPS) in the prior year, and Adjusted EBITDA declined to $61.5 million. The company reaffirmed its full year 2026 guidance and is progressing with its U.S. redomiciliation and a potential U.S. manufacturing facility.
Key Highlights
- Record Q1 Revenue of $249.0 million, up 12.0% year-over-year.
- Net Income of $31.9 million ($0.71 diluted EPS), down from $42.2 million ($0.90 diluted EPS) year-over-year.
- Adjusted EBITDA of $61.5 million (24.7% of revenues), down from $70.2 million (31.6%) year-over-year.
- Backlog expanded 19.1% year-over-year to a record $1.36 billion.
- Repurchased $16.5 million in shares and paid $6.7 million in dividends.
- Reaffirmed full year 2026 guidance: Revenue $1.06 billion-$1.13 billion, Adjusted EBITDA $225 million-$245 million.
- U.S. redomiciliation underway, expected to complete in Q2 2026.
- Advancing U.S. manufacturing initiative, with land purchase of $20 million-$25 million expected in Q2 2026.