Tecnoglass Inc. Q3 FY25 Results

We delivered exceptional third quarter results that showcase our team’s operational excellence and strategic execution in a dynamic market environment. Record revenues and continued market share gains across both our residential and multi-family/commercial businesses underscore the strength of our business model and advantageous positioning. The early benefits from our residential pricing initiatives are materializing as planned, helping to offset elevated aluminum costs, certain tariffs and a stronger local currency while sustaining our industry-leading margins. Despite foreign exchange headwinds and an unfavorable revenue mix, we sustained very strong profitability and generated robust cash flow through disciplined operational execution. Our solid capital position enabled us to return significant value to shareholders and further expand our share repurchase program this quarter, demonstrating our commitment to balanced capital allocation that rewards shareholders while preserving strategic flexibility. With our record backlog providing strong visibility and multiple growth initiatives advancing, we are well-positioned to continue capturing market share and creating long-term value.”

Third quarter results remained healthy across our portfolio, with increased residential order activity given our dealership expansion and continued momentum in multi-family and commercial markets. Our expanding dealer network and geographic reach continue to drive market share gains in key regions. We are particularly pleased to report another record backlog of $1.3 billion, providing excellent visibility into our multi-family/commercial pipeline through 2026. The opening of our California showroom in the fourth quarter represents an important milestone in our West Coast expansion strategy, where we are already seeing encouraging order momentum, and we continue to advance our feasibility study for a new fully automated facility in Florida. Our vertically integrated platform and ongoing investments in product innovation, including our expanding vinyl product portfolio, position us to capitalize on growth opportunities while maintaining operational agility. As we progress through the remainder of the year, we remain focused on executing our growth strategy and delivering superior value to our customers.”

Based on our solid performance year-to-date and expectations for the fourth quarter, we are updating our expectations for the full year 2025. We now expect revenues to be in the range of $970 million to $990 million, reflecting growth of approximately 10% at the midpoint. We are also updating our Adjusted EBITDA¹ guidance to a range of $294 million to $304 million, representing approximately 8% growth at the midpoint. We are reaping the benefit of our pricing initiatives and other cost mitigation efforts in response to elevated input costs and tariffs on select products. Our revised guides incorporates higher than previously anticipated aluminum costs and US aluminum premiums as well as the impact of the recent revaluation of the Colombian Peso. With an expanding multi-year backlog and sustained record of market outperformance, we continue to gain share and position our company to achieve double-digit revenue growth into 2026.”