Window and glass maker Colombia's Tecnoglass Q3 profit beats estimates on strong demand

By Reuters News


Overview

  • Colombia window and glass maker's Q3 revenue rose 19% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 beat analyst expectations

  • Adjusted EBITDA for Q3 missed analyst expectations, pressured by non-cash inventory revaluation and higher costs


Outlook

  • Tecnoglass raises full-year 2026 revenue outlook to $1.10 bln–$1.14 bln

  • Company adjusts 2026 adjusted EBITDA outlook to $210 mln–$220 mln, reflecting inventory revaluation

  • Company expects to fully offset tariff impacts in 2027 as automation savings and pricing take effect


Result Drivers

  • MULTI-FAMILY AND COMMERCIAL GROWTH - Co said 31% yr/yr growth in multi-family and commercial business, driven by execution on record backlog as projects advanced

  • SINGLE-FAMILY RESIDENTIAL EXPANSION - Co said single-family residential revenues grew 17% yr/yr excluding pre-buy activity, with market share gains and geographic expansion outside Florida

  • MARGIN PRESSURE - Co said gross margin declined due to stronger Colombian Peso, higher aluminum costs, tariffs, and increased labor costs


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$310.60 mln

$284.29 mln (5 Analysts)

Q3 Adjusted EPS

Beat

$0.61

$0.59 (5 Analysts)

Q3 Adjusted Net Income

Beat

$27.30 mln

$25.85 mln (5 Analysts)

Q3 Adjusted EBITDA

Miss

$47.70 mln

$50.45 mln (5 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

  • Wall Street's median 12-month price target for Tecnoglass Holdings Inc. is $55.50, about 29.6% above its November 4 closing price of $42.81

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago


Reuters Recommended Reads

  • Nov 3 - Door and window maker JELD-WEN's Q3 revenue falls slightly more than expected on lower volumes

  • Nov 4 - Owens Corning misses Q3 profit estimates on weak residential markets, low storm activity

  • Nov 4 - Trex Q3 net sales rise 26% on volumes, adjusted EPS beats estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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