TGLS Q2 2024 Earnings — Tecnoglass Inc. Revenue & Financial Results | Market Cap Arena

TGLSTecnoglass Inc.

$2B

Q2 2024 Earnings

Basic Materials Construction Materials

Income Statement

Revenue

$220M-2.5% YoY

Gross Profit

$90M40.8% margin

Operating Income

$51M23.3% margin

Net Income

$35M15.9% margin

EPS (Diluted)

$0.75

QoQ Revenue Growth

+14.0%

Cash Flow

Operating Cash Flow

$34M

Free Cash Flow

$14M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$942M

Total Liabilities

$368M

Stockholders' Equity

$575M

Cash & Equivalents

$127M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$220M	$225M	-2.5%
Gross Profit	$90M	$110M	-18.3%
Operating Income	$51M	$75M	-31.4%
Net Income	$35M	$52M	-33.2%

Revenue Segments

Product Sales

$188M86%

Fixed Price Contracts

$31M14%

Geographic Segments

UNITED STATES

$210M95%

COLOMBIA

$6M3%

Other

$4M2%

PANAMA

$434,0000%