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