Tecnoglass Inc. (TGLS)

Tecnoglass Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	817.63	833.27	716.57	496.79	376.61	430.91
Revenue Growth (YoY)	-2.76%	16.29%	44.24%	31.91%	-12.60%	16.15%
Cost of Revenue	479.88	442.33	367.07	294.2	237.17	295.1
Gross Profit	337.75	390.93	349.5	202.58	139.44	135.81
Selling, General & Admin	127.66	124.83	113.91	84.55	72.6	75.71
Other Operating Expenses	1.32	1.32	1.22	1.05	1.14	1.29
Operating Expenses	128.99	126.15	115.13	85.6	73.73	76.99
Operating Income	208.76	264.79	234.37	116.99	65.71	58.82
Interest Expense	-8.7	-9.18	-8.16	-9.85	-21.67	-22.81
Earnings From Equity Investments	4.73	5.01	6.68	4.18	1.39	0.6
Currency Exchange Gain (Loss)	-4.83	0.69	2.01	-4.31	-8.64	-0.97
Other Non Operating Income (Expenses)	6.03	5.13	4.22	0.61	0.09	1.57
EBT Excluding Unusual Items	205.99	266.44	239.12	107.61	36.87	37.2
Legal Settlements	-5.02	-5.02	-4.55	-	-	-
Other Unusual Items	-	-	-3.4	-10.7	-	-
Pretax Income	200.97	261.41	231.17	96.91	36.87	37.2
Income Tax Expense	53.64	77.9	74.76	28.49	13.03	12.93
Earnings From Continuing Operations	147.33	183.51	156.41	68.43	23.84	24.27
Minority Interest in Earnings	-0.37	-0.63	-0.67	-0.28	0.03	0.27
Net Income	146.96	182.88	155.74	68.15	23.88	24.54
Net Income to Common	146.96	182.88	155.74	68.15	23.88	24.54
Net Income Growth	-27.38%	17.43%	128.53%	185.45%	-2.69%	171.68%
Shares Outstanding (Basic)	47	48	48	48	46	44
Shares Outstanding (Diluted)	47	48	48	48	46	44
Shares Change (YoY)	-1.06%	-0.35%	-	2.75%	4.35%	12.60%
EPS (Basic)	3.12	3.85	3.27	1.43	0.51	0.55
EPS (Diluted)	3.12	3.85	3.27	1.43	0.51	0.55
EPS Growth	-26.61%	17.84%	128.53%	180.29%	-7.27%	140.49%
Free Cash Flow	93.3	60.87	70.59	65.74	53.39	0.71
Free Cash Flow Per Share	1.98	1.28	1.48	1.38	1.15	0.02
Dividend Per Share	0.400	0.360	0.280	0.150	0.110	0.420
Dividend Growth	21.21%	28.57%	86.67%	36.36%	-73.81%	-25.00%
Gross Margin	41.31%	46.92%	48.77%	40.78%	37.03%	31.52%
Operating Margin	25.53%	31.78%	32.71%	23.55%	17.45%	13.65%
Profit Margin	17.97%	21.95%	21.73%	13.72%	6.34%	5.69%
Free Cash Flow Margin	11.41%	7.30%	9.85%	13.23%	14.18%	0.17%
EBITDA	231.3	284.46	252.23	136.6	84.99	79.98
EBITDA Margin	28.29%	34.14%	35.20%	27.50%	22.57%	18.56%
D&A For EBITDA	22.54	19.67	17.87	19.62	19.29	21.16
EBIT	208.76	264.79	234.37	116.99	65.71	58.82
EBIT Margin	25.53%	31.78%	32.71%	23.55%	17.45%	13.65%
Effective Tax Rate	26.69%	29.80%	32.34%	29.39%	35.34%	34.76%
Revenue as Reported	817.63	833.27	716.57	496.79	376.61	430.91
Advertising Expenses	-	2.25	1.61	1.46	0.99	1.42

Source: S&P Capital IQ. Standard template. Financial Sources.