NYSE:TGLSBuilding
Did Tecnoglass’ (TGLS) Revenue Miss and Softer EBITDA Outlook Just Recast Its Growth Story?
In its latest reported quarter, Tecnoglass generated revenues of US$260.5 million, up 9.3% year on year but 2.1% below analyst expectations, and issued full-year EBITDA guidance that also fell short of consensus estimates.
This combination of growing sales yet weaker-than-anticipated revenue and earnings guidance appears to have challenged earlier assumptions about the company’s near-term momentum and execution.
Next, we’ll examine how Tecnoglass’s revenue shortfall and softer full-year...