Tecnoglass reports record first quarter 2025 results

- record first quarter revenue of $222.3 million, up 15.4% year-over-year driven entirely by double digit organic growth in both residential and multi-family/commercial projects - - single-family residential revenue increased to a first quarter record $88.9 million, up 21.6% year-over-year - - gross margin of 43.9%, up 510 basis points year-over-year - - net income of $42.2 million, or $0.90 per diluted share - - adjusted net income 1 of $43.1 million, or $0.92 per diluted share - - adjusted ebitda 1 of $70.2 million, up 37.5% year-over-year, representing 31.6% of total revenues - - strong free cash flow of $28.8 million - - all-time high cash position of $157.3 million with new record net cash position - - backlog expanded 24.9% year-over-year to a record $1.14 billion - - in april 2025, acquired continental glass systems, a premier provider of architectural glass and glazing solutions, diversifying production into the u.s. – - launches feasibility analysis to develop automated manufacturing capabilities in the u.s. over the coming years - - updates full year 2025 guidance - miami, fl, may 08, 2025 (globe newswire) -- tecnoglass, inc. (nyse: tgls) (“tecnoglass” or the “company”), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today reported financial results for the first quarter ended march 31, 2025. josÉ manuel daes, chief executive officer of tecnoglass, commented, “we had an exceptional start to 2025, as we delivered double-digit growth across both our residential and multi-family/commercial businesses, significantly outperforming broader macroeconomic trends.
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