TGLS Q1 2024 Earnings — Tecnoglass Inc. Revenue & Financial Results | Market Cap Arena

TGLSTecnoglass Inc.

$2B

Q1 2024 Earnings

Basic Materials Construction Materials

Income Statement

Revenue

$193M-4.9% YoY

Gross Profit

$75M38.8% margin

Operating Income

$41M21.3% margin

Net Income

$30M15.4% margin

EPS (Diluted)

$0.63

QoQ Revenue Growth

-1.0%

Cash Flow

Operating Cash Flow

$33M

Free Cash Flow

$24M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$982M

Total Liabilities

$408M

Stockholders' Equity

$574M

Cash & Equivalents

$136M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$193M	$203M	-4.9%
Gross Profit	$75M	$108M	-30.7%
Operating Income	$41M	$74M	-44.3%
Net Income	$30M	$48M	-38.4%

Revenue Segments

Product Sales

$160M83%

Fixed Price Contracts

$33M17%

Geographic Segments

UNITED STATES

$184M96%

COLOMBIA

$5M3%

Other

$3M2%

PANAMA

$94,0000%