Tecnoglass (TGLS) Tops Q3 EPS by 1c

Tecnoglass (NASDAQ: TGLS) reported Q3 EPS of $0.25, $0.01 better than the analyst estimate of $0.24. Revenue for the quarter came in at $62.9 million versus the consensus estimate of $66.3 million.

Fiscal 2015 Guidance and 2016 Outlook

Based on, among other factors, its financial performance during the first nine months of 2015, market conditions and product demands, improving operating efficiencies, and the backlog amount described above, Tecnoglass is increasing its Adjusted EBITDA guidance for FY 2015 and FY 2016. The Company now expects FY 2015 Adjusted of $65 million, up from its prior guidance of $60 million. For FY 2016, the Company expects Adjusted EBITDA of $85 million, up from prior guidance of $80 - $85 million. Prior revenue guidance for FY 2015 of $240 million with an increase of approximately 20% for FY 2016 is unchanged.

For earnings history and earnings-related data on Tecnoglass (TGLS) click here.

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