In This Article:
Tecnoglass (NYSE:TGLS) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$238.3m (up 13% from 3Q 2023).
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Net income: US$49.5m (up 8.0% from 3Q 2023).
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Profit margin: 21% (down from 22% in 3Q 2023). The decrease in margin was driven by higher expenses.
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EPS: US$1.05 (up from US$0.96 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tecnoglass EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%.
Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in the US.
Performance of the American Building industry.
The company's shares are up 11% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Tecnoglass' balance sheet.
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