Tecnoglass Second Quarter 2024 Earnings: EPS Misses Expectations

Tecnoglass (NYSE:TGLS) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$219.7m (down 2.5% from 2Q 2023).
• Net income: US$35.0m (down 33% from 2Q 2023).
• Profit margin: 16% (down from 23% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$0.74 (down from US$1.10 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tecnoglass EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.7%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Building industry in the US.

Performance of the American Building industry.

The company's shares are up 10% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Tecnoglass' balance sheet and an in-depth analysis of the company's financial position.

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