Tecnoglass Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 07:00 am EDT
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Tecnoglass Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 225.28 million compared to USD 169.12 million a year ago. Revenue was USD 225.28 million compared to USD 169.12 million a year ago. Net income was USD 52.45 million compared to USD 33.19 million a year ago. Basic earnings per share from continuing operations was USD 1.1 compared to USD 0.7 a year ago. Diluted earnings per share from continuing operations was USD 1.1 compared to USD 0.7 a year ago.
For the six months, sales was USD 427.92 million compared to USD 303.67 million a year ago. Revenue was USD 427.92 million compared to USD 303.67 million a year ago. Net income was USD 100.68 million compared to USD 54.05 million a year ago. Basic earnings per share from continuing operations was USD 2.12 compared to USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 2.12 compared to USD 1.14 a year ago.
Tecnoglass Inc. (Tecnoglass) is a holding company. The Company is a manufacturer of architectural glass and windows for the western hemisphere residential and commercial construction industries. It manufactures a range of glass products installed primarily in commercial and residential buildings, including tempered safety, double thermo-acoustic and laminated glass. Its products are installed in hotels, residential buildings, commercial and corporate centers, universities, airports and hospitals in a range of applications, such as floating facades, windows, doors, handrails, interior and bathroom spatial dividers. Tecnoglass also produces aluminum products, such as profiles, rods, bars, plates and other hardware used in the manufacture of windows. It designs, manufactures, markets and installs architectural systems for high, medium and low rise construction, glass and aluminum windows and doors, office dividers and interiors, floating facades and commercial display windows.