Tecnoglass Reports Record Second Quarter 2025 Results

Tecnoglass, Inc., a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, has released its financial results for the second quarter ended June 30, 2025. The company reported record-breaking performance across several key financial metrics, reflecting robust growth and strategic advancements.

Financial Highlights

For the second quarter of 2025, Tecnoglass achieved a record quarterly revenue of $255.5 million, marking a 16.3% increase year-over-year. The company's gross margin expanded by 400 basis points to 44.7%, driven by stronger pricing, stable raw material costs, and higher vertical integration. Net income for the quarter was $44.1 million, or $0.94 per diluted share, compared to $35.0 million, or $0.75 per diluted share, in the prior year quarter. Adjusted net income was $48.5 million, or $1.03 per diluted share, up from $40.5 million, or $0.86 per diluted share, in the previous year. Adjusted EBITDA also saw a significant increase, reaching $79.8 million, up 24.5% year-over-year, representing 31.2% of total revenues.

Business and Operational Highlights

The company reported strong performance across both its single-family residential and multi-family/commercial segments. Single-family residential revenue reached a second-quarter record of $109.6 million, up 14.5% year-over-year, with orders growing 29.0% sequentially. Multi-family/commercial revenues grew 17.8% year-over-year, driven by strong organic activity and the acquisition of Continental Glass Systems. The company's backlog expanded by 17.2% year-over-year to a record $1.2 billion, providing visibility into its project pipeline extending well into 2026.

Strategic Initiatives and Corporate Developments

Tecnoglass completed the asset acquisition of Continental Glass Systems for approximately $30 million, diversifying its production into the U.S. and strengthening its market presence. The company also signed a lease for a West Coast showroom to promote its new "Legacy" aluminum product line, supporting ongoing geographical expansion. Additionally, Tecnoglass continues its feasibility study to build a new fully automated state-of-the-art facility in Florida, expected to address future growth needs and yield operational efficiencies.

Management's Perspective

José Manuel Daes, Chief Executive Officer of Tecnoglass, expressed pride in the company's record performance, highlighting the benefits of its vertically integrated platform and successful pricing actions. Christian Daes, Chief Operating Officer, emphasized the company's competitive advantages and market share gains, noting the strong order momentum and expanding backlog as key drivers of future growth.

Future Outlook

Based on the robust performance in the first half of 2025, Tecnoglass has increased its full-year guidance. The company now expects revenues to be in the range of $980 million to $1.02 billion, reflecting approximately 12% growth at the midpoint. Adjusted EBITDA is projected to be between $310 million and $325 million, representing approximately 15% growth at the midpoint. The company remains confident in its ability to achieve another year of robust profitability and cash generation.

SEC Filing: Tecnoglass Inc. [ TGLS ] - 8-K - Aug. 07, 2025