Tecnoglass Reports Third Quarter 2018 Results
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Tecnoglass (TGLS) Tops Q3 EPS by 7c, Revenues Beat; Raises FY18 Revenue/Adj. EBITDA Guidance
November 7, 2018 7:15 AM ESTTecnoglass (NASDAQ: TGLS) reported Q3 EPS of $0.24, $0.07 better than the analyst estimate of $0.17. Revenue for the quarter came in at $97 million versus the consensus estimate of $92.74 million.
Raises Full Year 2018 Outlook for Total Revenues and Adjusted EBITDA1 to a range of $360-$370 million and $79-82 million, respectivelyRecord Backlog of $506 Million; Up 3.6% Year-over-Year Total revenues increased 16% to $97.0 million on strong U.S. activity, marking the 6th consecutive quarter of record revenuesNet income of $6.3 million, or $0.16 per diluted share, including non-cash FX losses during the periodAdjusted net income1 increased to $9.3... More