Tecnoglass Reports Fourth Quarter and Full Year 2019 Results
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Tecnoglass (TGLS) Misses Q4 EPS by 3c, Revenues Miss; Offers FY20 Revenue Guidance Below Consensus
March 2, 2020 7:02 AM ESTTecnoglass (NASDAQ: TGLS) reported Q4 EPS of $0.16, $0.03 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $101.4 million versus the consensus estimate of $105.38 million.
José Manuel Daes, Chief Executive Officer of Tecnoglass, commented, 2019 was another transformative year for Tecnoglass, in which we achieved record total revenues, gross profit, adjusted EBITDA1 and backlog. Additionally, we effectively managed our inventory and working capital, contributing to further balance sheet improvement and robust cash flow generation into year end. We were especially pleased to deliver positive free cash flow during a year where we... More
