Tecnoglass (TGLS) Tops Q3 EPS by 7c, Revenues Beat; Raises FY18 Revenue/Adj. EBITDA Guidance
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Tecnoglass Reports Third Quarter 2018 Results
November 7, 2018 7:00 AM EST- Raises Full Year 2018 Outlook for Total Revenues and Adjusted EBITDA1 to a range of $360-$370 million and $79-82 million, respectively -
- Total Revenues Increase 16% to a Record $97.0 million -
- Adjusted EBITDA1 Grows 29% to a Record $22.8 Million -
- Record Backlog of $506 Million; Up 3.6% Year-over-Year -
Third Quarter 2018 Highlights
Total revenues increased 16% to $97.0 million on strong U.S. activity, marking the 6th consecutive quarter of record revenuesNet income of $6.3 million, or $0.16 per diluted share, including non-cash FX losses during the periodAdjusted net income1... More