Tecnoglass Reports Third Quarter 2026 Results
Tecnoglass posted record Q3 2026 revenue of $310.6 million, up 19.2% year-over-year on 31% growth in multi-family and commercial, with backlog hitting a record $1.43 billion. Profitability compressed sharply: net income fell to $22.8 million ($0.51 diluted EPS) from $47.2 million a year ago, and Adjusted EBITDA dropped to $47.7 million (15.3% margin) from $79.1 million, driven by a ~20% Colombian Peso appreciation (~$8.4M non-cash inventory revaluation), peak-cost aluminum, and $15.5 million of Section 232 tariff costs.
Key figures
- Eps
- 0.51
- Revenue
- 310600000
- Guidance
- FY2026 revenue raised to $1.10B-$1.14B; Adjusted EBITDA outlook adjusted to $210M-$220M (would be ~$8.4M higher excluding non-cash inventory revaluation)
- Revenue Yoy
- 19.2%
- Sga
- 74000000
- Capex
- 66100000
- Backlog
- 1430000000
- Net income
- 22800000
- Total debt
- 293600000
- Backlog yoy
- 13.2%
- Adjusted eps
- 0.61
- Gross margin
- 34.1%
- Tariff expense
- 15500000
- Adjusted ebitda
- 47700000
- Total liquidity
- 380000000
- Adjusted net income
- 27300000
- Operating cash flow
- 21500000
- Adjusted ebitda margin
- 15.3%
- Net debt to ltm ebitda
- 0.9x
- Inventory revaluation noncash
- 8400000
AI analysis
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