Tecnoglass (TGLS) Misses Q4 EPS by 3c, Revenues Miss; Offers FY20 Revenue Guidance Below Consensus

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Go back to Tecnoglass (TGLS) Misses Q4 EPS by 3c, Revenues Miss; Offers FY20 Revenue Guidance Below Consensus

Tecnoglass Reports Fourth Quarter and Full Year 2019 Results

March 2, 2020 7:00 AM EST

- Total Revenues Increased 16% to a Record $431 million for Full Year 2019; Led by Strong U.S. Growth -

- Net income of $24.3 million and Earnings of $0.55 Per Share for Fully Year 2019 -

- Cash Flow From Operations Improved to $26.7 million for Full Year 2019 -

- Backlog Expanded to a Record $542 Million; Up 5% Year-over-Year and 2% Quarter-over-Quarter -

- Declared Cash Dividend of $0.0275 Per Share and Simplified Capital Structure Through Discontinuation of Stock Dividends -

- Introduced Full Year 2020 Growth Outlook for Adjusted EBITDA1 of $97 million to $102 million on Total Revenues of $445 million to $455 million -

Fourth... More