TGLS Q3 2023 Earnings — Tecnoglass Inc. Revenue & Financial Results | Market Cap Arena

TGLSTecnoglass Inc.

$2B

Q3 2023 Earnings

Basic Materials Construction Materials

Income Statement

Revenue

$211M+4.4% YoY

Gross Profit

$91M43.0% margin

Operating Income

$61M29.0% margin

Net Income

$46M21.8% margin

EPS (Diluted)

$0.96

QoQ Revenue Growth

-6.5%

Cash Flow

Operating Cash Flow

$51M

Free Cash Flow

$27M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$939M

Total Liabilities

$420M

Stockholders' Equity

$517M

Cash & Equivalents

$119M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$211M	$202M	+4.4%
Gross Profit	$91M	$105M	-14.0%
Operating Income	$61M	$70M	-13.0%
Net Income	$46M	$47M	-1.8%

Revenue Segments

Product Sales

$175M83%

Fixed Price Contracts

$36M17%

Geographic Segments

UNITED STATES

$200M95%

COLOMBIA

$7M3%

Other

$3M1%

PANAMA

$433,0000%