Tecnoglass (TGLS) Misses Q1 EPS by 6c

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Go back to Tecnoglass (TGLS) Misses Q1 EPS by 6c

Tecnoglass Reports First Quarter 2016 Results

May 10, 2016 7:01 AM EDT

- Reports Net Income of $13.1 Million Representing Earnings of $0.45 per Share -

- Adjusted EBITDA Grows to $15.3 Million Excluding the Impact of Foreign Currency -

- Backlog Expands 20% Year-over-Year to $385.0 Million, Up 3% from December 2015 -

- Reiterates Full Year 2016 Outlook -

First Quarter 2016 Highlights as Compared to First Quarter 2015

Total revenues increased 16.8% to $60.8 million; up 28.3% on a constant currency basis Adjusted EBITDA grew 43.2% to $15.3 million, which excludes the impact of foreign currency exchange... More