Tecnoglass Reports Second Quarter 2019 Results
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Tecnoglass (TGLS) Tops Q2 EPS by 3c, Revenues Beat; Raises FY19 Revenue Guidance Above Consensus
August 9, 2019 7:04 AM EDTTecnoglass (NASDAQ: TGLS) reported Q2 EPS of $0.20, $0.03 better than the analyst estimate of $0.17. Revenue for the quarter came in at $113.9 million versus the consensus estimate of $97.6 million.
Second Quarter 2019 Highlights
Total revenues increased 28% to a record $113.9 million on strong U.S. activity, marking the 9th consecutive record revenue quarterNet income increased to $7.7 million, or $0.17 per diluted shareAdjusted net income1 grew 24% to $9.2 million, or $0.20 per diluted shareAdjusted EBITDA1 increased 41% to a record $25.8 millionCash flow from operations improved to $13.9 millionBacklog expanded to a record $524.7 million; up 6% year-over-year and 1%... More