TGLS Earnings Prediction
The chart below shows how TGLS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TGLS sees a -0.60% change in stock price 10 days leading up to the earnings, and a +5.02% change 10 days following the report. On the earnings day itself, the stock moves by +1.29%. This data can give you a slight idea of what to expect for the next quarter's release.
TGLS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
238.33M
13.09%
8.50%
Gross Margin
45.83%
6.68%
12.38%
Operating Margin
28.40%
-1.90%
21.99%
Net Margin
20.78%
-4.98%
30.28%
EPS
1.05
9.38%
40.00%
No Data Available
TGLS Earnings Analysis
Tecnoglass Inc. Corporation (TGLS.N) Earnings Conference Call
Positive
Record Revenue Growth: 1. Record Revenue Achievement: Tecnoglass reported record revenues of $238.3 million for Q3 2024, marking a 13.1% increase year-over-year, driven entirely by organic growth.
Single-Family Residential Surge: 2. Strong Single-Family Residential Growth: The single-family residential segment achieved a record revenue of $109.7 million, reflecting a robust 25% year-over-year growth, supported by stabilizing market conditions and increased demand.
Multi-Family Revenue Increase: 3. Multi-Family and Commercial Revenue Growth: The multi-family and commercial business generated $128.6 million in revenue, a 4.6% year-over-year increase, contributing to the company's second-highest revenue quarter for this segment.
Strong Operating Cash Flow: 4. Significant Operating Cash Flow: Tecnoglass generated strong operating cash flow of $41.5 million in Q3 2024, bolstered by disciplined working capital management and growth in the residential business.
Dividend Increase Announcement: 5. Increased Dividend and Shareholder Returns: The Board announced a 36% increase in the dividend to $0.15 per share, reflecting the company's strong financial position and commitment to returning capital to shareholders.
Negative
Rising SG&A Expenses: 1. Increased SG&A Expenses: SG&A expenses rose to $41.5 million in Q3 2024, up from $29.5 million in the prior-year quarter, primarily due to higher transportation, commission, and personnel costs.
Aluminum Tariffs Cost Pressure: 2. Aluminum Tariffs Impact: The company incurred incremental expenses related to aluminum tariffs, which were previously passed on to customers, indicating potential cost pressures despite the tariffs being reversed.
Pull-Forward Revenue Impact: 3. Pull-Forward Revenue Effect: Approximately $10 million to $15 million of the $109.7 million in single-family residential revenues for Q3 2024 was attributed to a pull-forward effect from the expiration of the Florida sales tax waiver, suggesting a temporary boost rather than sustainable growth.
Commercial Revenue Challenges: 4. Commercial Revenue Decline: Despite a record backlog, the multi-family and commercial business saw only a 4.6% year-over-year revenue growth to $128.6 million, indicating challenges in this segment compared to the residential sector.
Future Revenue Uncertainty: 5. Uncertain Future Demand: The company noted a slowdown in orders on the West Coast of Florida due to hurricane impacts, which could affect future revenue generation and backlog conversion.
TGLS FAQs
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TGLS Earning Call Sentiment
Tecnoglass Inc. (TGLS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
TGLS.N
1.82%Positive
The earnings call highlights strong financial performance with a 13.1% revenue increase and improved margins. The Q&A session revealed no significant risks, with management addressing potential challenges effectively. The company's strategic plans, including vinyl market entry and geographic expansion, are promising. Shareholder returns through dividends and potential share repurchases are positive. Despite some uncertainties in guidance, the overall sentiment is optimistic, suggesting a positive stock price movement. Given the company's market cap, a 2% to 8% increase is plausible over the next two weeks.
