TGLS Q2 2023 Earnings — Tecnoglass Inc. Revenue & Financial Results | Market Cap Arena

TGLSTecnoglass Inc.

$2B

Q2 2023 Earnings

Basic Materials Construction Materials

Income Statement

Revenue

$225M+33.2% YoY

Gross Profit

$110M48.7% margin

Operating Income

$75M33.1% margin

Net Income

$52M23.3% margin

EPS (Diluted)

$1.10

QoQ Revenue Growth

+11.2%

Cash Flow

Operating Cash Flow

$151,000

Free Cash Flow

-$22M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$892M

Total Liabilities

$415M

Stockholders' Equity

$476M

Cash & Equivalents

$105M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$225M	$169M	+33.2%
Gross Profit	$110M	$74M	+48.9%
Operating Income	$75M	$45M	+63.8%
Net Income	$52M	$33M	+58.0%

Revenue Segments

Product Sales

$193M86%

Fixed Price Contracts

$32M14%

Geographic Segments

UNITED STATES

$215M95%

COLOMBIA

$6M3%

Other

$4M2%

PANAMA

$314,0000%