Tecnoglass (TGLS) Reports Q3 EPS of 16c

Tecnoglass (NASDAQ: TGLS) reported Q3 EPS of $0.16. Revenue for the quarter came in at $53.5 million, versus $45.5 million reported last year.

Reaffirms 2014 Forecast, Provides Guidance for 2015

Based on its year-to-date performance, current market conditions, and other factors, Tecnoglass reaffirms its 2014 guidance of approximately $206 million in revenue and Adjusted EBITDA of approximately $46.0 million. This guidance represents revenue growth of approximately 12.4% and growth in Adjusted EBITDA of approximately 19.5% from 2013.

For 2015, Tecnoglass estimates that revenues will approximate $240 million and Adjusted EBITDA will approximate $56 million. This guidance represents revenue growth of approximately 16.5% from the 2014 forecast and growth in Adjusted EBITDA of approximately 21.7% from the 2014

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

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