Operating through its various subsidiaries, Tecnoglass Inc. specializes in the engineering, fabrication, promotion, and installation of advanced architectural systems. These solutions cater ...
Tecnoglass Inc. (NYSE: TGLS) is an architectural building-products company focused on engineered glass solutions and the components needed to convert glass into complete building envelopes. Operating through subsidiaries, Tecnoglass designs, fabricates, promotes, and installs advanced architectural systems used in both commercial and residential projects. Its core offering centers on a ...Tecnoglass Inc. (NYSE: TGLS) is an architectural building-products company focused on engineered glass solutions and the components needed to convert glass into complete building envelopes. Operating through subsidiaries, Tecnoglass designs, fabricates, promotes, and installs advanced architectural systems used in both commercial and residential projects. Its core offering centers on a diverse glass portfolio: energy-efficient low emissivity (low‑E) glass; laminated and thermo‑laminated variants; sound-insulating thermo-acoustic glass; robust tempered glass; and premium aesthetic products including silk-screened, curved, and digital print glass.
Complementing glass, the company supplies aluminum components such as bars, plates, profiles, rods, and tubes that are assembled into architectural glass systems—covering windows, doors, internal partitions, and other structural elements. Tecnoglass also provides higher-level system solutions, including complete curtain wall and floating facade systems, stick facade systems, and a wide selection of windows and doors. For specialty applications, it offers products such as hurricane-resistant windows and related solutions. Automated doors, awnings, and other integral framework components extend its coverage from component manufacturing to more complete installation-oriented solutions.
The company’s go-to-market model emphasizes well-known brands—Tecnoglass, ESWindows (ES), and Alutions—supported by in-house sales teams, independent representatives, and direct sales to distributors. This structure supports both standardized deliveries and project-specific specification work typical of construction materials suppliers.
From an operational and cost perspective, the business relies on high-throughput manufacturing and procurement of raw materials (e.g., glass inputs and aluminum extrusions) and on quality control, fabrication capability, and logistics to project sites. Financially, the business characteristics commonly include working-capital needs driven by inventory and receivables (installation and contract milestones), along with ongoing capital expenditures to maintain large-scale production capacity and throughput. Public disclosures in market data for TGLS reflect a large global workforce (about 9,601 employees) and meaningful scale in enterprise value, consistent with a mature manufacturer operating significant production facilities.
Leadership is anchored by CEO José Manuel Daes, who has led the group since the company’s earlier formation period and is associated with its founding alongside Christian Daes. Together, the management and brand ecosystem have guided Tecnoglass from its origins (founded in 1984) to a cross-border supplier serving markets including Colombia, the United States, Panama, and other international destinations, aiming to deliver performance (energy efficiency, durability, and acoustic benefits), safety, and design flexibility for modern building projects.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$983.6M
+10.5%
+18.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$159.6M
-1.1%
-23.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+42.8%
+0.4%
-3.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+23.5%
-8.0%
-31.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+16.2%
-10.5%
-35.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$34.5M
-62.1%
+305.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+3.5%
-65.7%
+273.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
24.1%
+39.0%
+4.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.86x
-11.8%
+5.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day, and welcome to the Tecnoglass, Inc. Second Quarter 2026 Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference call over to Mr. Brad Cray, Investor Relations. Mr. Cray, the floor is yours, sir.
Brad Cray: Thank you for joining us for Tecnoglass' Second Quarter 2026 Conference Call. A copy of the slide presentation to accompany this call may be obtained on the Investors section of the Tecnoglass website. Our speakers for today's call are Chief Executive Officer, Jose Manuel Daes; Chief Operating Officer, Chris Daes; and Chief Financial Officer, Santiago Giraldo. I'd like to remind everyone that matters discussed in this call, except for historical information, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Tecnoglass' current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary in a material nature from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors and other risks and uncertainties affecting the operation of Tecnoglass' business. These risks, uncertainties and contingencies are indicated from time to time in Tecnoglass' filings with the Securities and Exchange Commission. The information discussed during the call is presented in light of such risks. Further, investors should keep in mind that Tecnoglass' financial results in any particular period may not be indicative of future results. Tecnoglass is under no obligation to and expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise. I will now turn the call over to Jose Manuel, beginning on Slide #4.
Jose Daes: Thank you, Brad, and thank you, everyone, for participating on today's call. We are pleased to report another period of record revenue that demonstrates the strength and resilience of our business with robust double-digit growth in both our single-family residential and multifamily and commercial businesses. Our backlog is at another record level, and we continue to gain market share. The strength of our platform continues to differentiate us in the market. That includes the quality of our products, our vertically integrated low-cost model and our deep customer relationships. As we discussed last quarter, we expected the cost pressure from tariffs to hit ahead of the offsetting benefit from our pricing actions and other efficiency measures. That played out as anticipated. We have spent years building the flexibility to operate through shifting cost and trade conditions. That model lets us respond faster than most companies in our industry facing those same cost …