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

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

Tecnoglass Reports Fourth Quarter and Full Year 2020 Results

March 2, 2021 7:00 AM EST

- Single-Family Residential Revenues Grew 51% Year-Over-Year in Fourth Quarter 2020 -

- Reports 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 2020 -

- Produces Cash Flow From Operations of $71.4 million, Representing Over 70% of Adjusted... More