Earnings Releases·Nov 5, 2026, 7:10 AM ET

Tecnoglass — Third Quarter 2026 Earnings Summary

Total revenue reached a record $310.6 million, up 19.2% year-over-year, driven by a 30.9% surge in multi-family/commercial sales, though net income declined 51.7% to $22.8 million due to elevated aluminum costs, tariffs, and a non-cash inventory revaluation.
Full-year 2026 guidance was raised to $1.10–$1.14 billion for revenue and $210–$220 million for Adjusted EBITDA, with management projecting full tariff offset via automation and pricing realization in 2027.
The company secured a record backlog of $1.43 billion (up 13.2% year-over-year) and signed its largest project to date subsequent to the quarter end, while maintaining a conservative net debt leverage ratio of approximately 0.9x.
Strategic capital deployment included $6.7 million in dividends, $66.1 million in capital expenditures, and the acquisition of $23 million in land in Florida for a potential new manufacturing facility, alongside $92.5 million remaining in the share repurchase program.