Tecnoglass (TGLS) Reports In-Line Q2 EPS

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Go back to Tecnoglass (TGLS) Reports In-Line Q2 EPS

TECNOGLASS REPORTS SECOND QUARTER 2015 RESULTS

August 6, 2015 4:15 PM EDT

Second Quarter 2015

Revenues rose 11.8% to $58.1 million; U.S. sales increased 28% to $33.3 million Adjusted EBITDA of $13.5 million, up 6.7% from $12.6 million in the prior years quarter Quarter end backlog of $340 million, up 21% from December 31, 2014

Reiterates Fiscal 2015 Guidance and 2016 Outlook

Reports July as best month ever in sales and profit FY 2015: expects revenues and Adjusted EBITDA of $240 million and $60 million, respectively FY 2016: expects 20% revenue growth over 2015, with Adjusted EBITDA of $80-$85 million

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