📈 Price History

Ratio Health

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By Category

📊 Peer Medians

About

Tecnoglass Holdings Inc. manufactures, supplies, and installs architectural glass, windows, and aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products. It also provides aluminum products, including bars, plates, profiles, rods, and tubes for use in the manufacturing of architectural glass settings, such as windows, doors, spatial separators, and related products under the Alutions brand name. In addition, the company offers curtain wall/floating facades, stick facade systems, windows and doors, interior dividers and commercial display windows, and hurricane-proof windows; StormArmour, that are attachment for sliding doors, and other products, such as awnings, structures, and automatic doors; and other components of architectural systems. It markets and sells its products primarily under the Tecnoglass, ESWindows, Alutions, Energia Solar S.A, ES, ES Imagine Extraordinary, Eswindows, Tecnobend, Tecnoair, Tecnosmart, ECOMAX by ESWINDOWS, ESWINDOWS Interiors, ESW Windows and Walls, Solartec by Tecnoglass, Solar Windows, Componenti, ES Metals, and E-skin, Prestige by ESWINDOWS, Eli by ESWINDOWS, Alessia by ESWINDOWS, Elite Line by ESWindows, ULTRAVIEW by Tecnoglass, and MULTIMAX by ESWIDOWS brand names through internal and independent sales representatives, as well as directly to distributors. It serves developers, general contractors or installers for hotels, office buildings, shopping centers, airports, universities, hospitals, and multifamily and residential buildings. The company was formerly known as Tecnoglass Inc. and changed its name to Tecnoglass Holdings Inc. in July 2026. Tecnoglass Holdings Inc. was founded in 1983 and is based in Miami, Florida.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management repeatedly uses words like 'exceptional', 'record', 'strongest', 'outperform', and provides precise numbers (e.g., 16.3% revenue growth, 400 bps margin expansion) while raising full-year guidance.

Q3 2025

Confident Vague

Management repeatedly uses upbeat language ('exceptional quarter', 'resilience', 'as confident as ever') but defers on specific 2026 breakdowns and margin trajectory, calling them 'back-of-the-envelope' and 'early to tell'.

Q4 2025

Confident Specific

Management used precise figures (record revenue $984M, backlog $1.3B, buyback $118M) and provided detailed 2026 scenarios with specific assumptions for aluminum, FX, and revenue ranges, while candidly acknowledging headwinds (tariffs, aluminum costs, peso appreciation).

Q1 2026 latest

Confident Specific

Management repeatedly used language like 'pleased with performance', 'confident in our trajectory', 'confident in our ability to deliver' while citing specific numbers (record backlog +19.1%, revenue +12%, 21 consecutive quarters book-to-bill >1.1) and detailed plans to mitigate tariff impacts through pricing and cost efficiencies.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears broadly intact but near-term margin pressure is real. Record backlog and strong order momentum (commercial +20%, residential orders +3.4% YoY and +14% sequentially) support top-line confidence. Management's proactive pricing (May) and cost initiatives aim to offset the 10% tariff, though full benefit won't hit until mid-2026. The secular geographic expansion and vinyl ramp provide additional growth levers. The key watch items for next quarter: 1) actual execution of price increases and their impact on order volumes, 2) aluminum cost trajectory (spot up ~12% YTD) and peso appreciation, 3) Q2 margin print to see if gross margin indeed holds near 39%, and 4) any updates on land purchase and timing of a new U.S. facility decision.

AI-generated concall tone analysis · Updated 2026-06-09 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Tecnoglass reports record Q1 revenue of $249M, backlog hits $1.36B.

Revenue & Profitability

Q1 2026 total revenues were $249 million (12% YoY growth). Adjusted EBITDA was $61.5 million (24.7% margin), down from $70.2 million (31.6%) in the prior year. Operating cash flow was $6.7 million after a strategic $34 million aluminum purchase. Share repurchases totaled $16.5 million and dividends $6.7 million.

Outlook

Management sees a favorable demand environment with record backlog and building order activity. Trade policy changes do not alter their competitive position. Full-year 2026 guidance is reaffirmed: revenue of $1.06-1.13 billion and Adjusted EBITDA of $225-245 million, with both scenarios assuming continued market share gains.

Growth Drivers

Key growth levers include vinyl line traction (highest monthly orders in April 2026), new showroom openings (e.g., Los Angeles), and geographic expansion—projects outside Florida now represent about 25% of backlog. The dealer network expanded over 20% in the last 12 months. Single-family residential revenues have grown at a 40% organic CAGR since 2018.

Balance Sheet & CapEx

Capital expenditures for 2026 are guided at $60-70 million, including maintenance CapEx (~1% of revenue), efficiency initiatives, and amortization of past investments. Separately, $20-25 million is expected for land purchase related to a potential new U.S. facility, to be financed via credit facilities.

Margins

Q1 gross margin was 38.5% (down from 43.9%) and Adjusted EBITDA margin was 24.7% (down from 31.6%), pressured by higher aluminum costs, peso appreciation, and salary adjustments. Management expects margin expansion through the year as May pricing actions take effect, with full tariff neutralization by 2027.

Key Risks

Risks flagged include trade policy changes (10% Section 232 tariff on finished aluminum window imports), aluminum cost volatility (LME and U.S. premium up ~48% YoY), and Colombian peso appreciation (12% YoY; each 5% move impacts gross margin by ~110 bps). Other risks include timing of project invoicing, residential market recovery pace, and the one-time $2.9 million climate-related wealth tax.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-06

Record Q2 revenue and backlog were driven by double-digit growth in both residential and commercial segments, with strong geographic expansion and robust demand. Margins declined due to higher aluminum costs and a stronger Colombian peso, which was the main factor in reduced EBITDA guidance. Full-year outlook remains for double-digit revenue growth and continued operational improvements.

Q1 2026 Q1 2026 2026-05-07

Record Q1 revenue and backlog driven by strong commercial growth and resilient residential demand, despite margin pressure from higher aluminum costs and FX. Guidance for 2026 is reaffirmed, with price increases and operational efficiencies expected to offset tariff impacts.

Q4 2025 Q4 2025 2026-02-26

Record 2025 revenues and strong cash flow were achieved despite macro headwinds, with double-digit growth in both commercial and residential segments. 2026 guidance projects 11% revenue growth at midpoint, continued margin management, and significant expansion in vinyl and showroom sales.

Q3 2025 Q3 2025 2025-11-06

Q3 2025 delivered record revenue and backlog, with strong growth in both residential and commercial segments. Profitability remained robust despite input cost headwinds, and guidance was updated to reflect double-digit growth for 2025 and 2026, supported by a strong balance sheet and expanding market presence.

Q2 2025 Q2 2025 2025-08-07

Record Q2 revenues and margins were driven by double-digit growth in both residential and commercial segments, with a robust backlog and expanded U.S. presence following the Continental acquisition. Full-year guidance was raised, and strong cash flow and liquidity support continued growth.

📊 Analysis Methodology

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