Tecnoglass Reports Fourth Quarter and Full Year 2020 Results

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Go back to Tecnoglass Reports Fourth Quarter and Full Year 2020 Results

Tecnoglass (TGLS) Tops Q4 EPS by 2c, Revenues Beat; Offers FY21 Revenue Outlook

March 2, 2021 7:11 AM EST

Tecnoglass (NASDAQ: TGLS) reported Q4 EPS of $0.22, $0.02 better than the analyst estimate of $0.20. Revenue for the quarter came in at $102.4 million versus the consensus estimate of $100.34 million.

Single-Family Residential Revenues Grew 51% Year-Over-Year in Fourth Quarter 2020Reports Net Income of $24.2 Million and Adjusted Net Income1 of $36.8 million, or $0.79 Per Diluted Share for Full Year 2020 -Achieves 560 Basis Point Increase in Gross Margin to a Full Year Record of 37.1%Increases Adjusted EBITDA1 by 6% Year-Over-Year to a Record $97.8 Million at a Margin of 26.1% for Full Year 2020Produces Cash Flow From Operations of $71.4... More