Tecnoglass Reports Fourth Quarter and Full Year 2020 Results
Tecnoglass Inc. Ordinary Shares (TGLS)
Last tecnoglass inc. ordinary shares earnings: 3/2 07:00 am
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Source: GlobeNewswire
- 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 EBITDA1 in Full Year 2020 - - Introduces Full Year 2021 Growth Outlook for Adjusted EBITDA1 of $100 million to $110 million on Total Revenues of $400 million to $415 million - Fourth Quarter 2020 Highlights ?Total revenues increased 1.0% year-over-year to $102.4 million, with 4.8% growth in U.S. revenues ?Adjusted net income1 of $10.3 million, or $0.22 per diluted share ?Gross margin improved 710 basis points year-over-year to 36.1% ?Adjusted EBI
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TGLS
News
- Tecnoglass Inc. (NASDAQ: TGLS) had its price target raised by analysts at Robert W. Baird from $56.00 to $65.00. They now have an "outperform" rating on the stock.MarketBeat
- Here's Why Tecnoglass (NYSE:TGLS) Has Caught The Eye Of Investors [Yahoo! Finance]Yahoo! Finance
- Volatility Spikes as Inflation Resurfaces: Stocks to Watch [Yahoo! Finance]Yahoo! Finance
- Tecnoglass Inc. (NASDAQ: TGLS) had its price target raised by analysts at B. Riley from $51.00 to $65.00. They now have a "buy" rating on the stock.MarketBeat
- Tecnoglass (TGLS) Stock Moves -0.23%: What You Should Know [Yahoo! Finance]Yahoo! Finance
TGLS
Earnings
- 2/29/24 - Beat
TGLS
Sec Filings
- 3/11/24 - Form 4
- 2/29/24 - Form 10-K
- 2/29/24 - Form 8-K
- TGLS's page on the SEC website