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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	845.21	833.27	716.57	496.79	376.61	430.91
Revenue Growth (YoY)	-0.54%	16.29%	44.24%	31.91%	-12.60%	16.15%
Cost of Revenue	488.76	442.33	367.07	294.2	237.17	295.1
Gross Profit	356.45	390.93	349.5	202.58	139.44	135.81
Selling, General & Admin	139.69	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	141.01	126.15	115.13	85.6	73.73	76.99
Operating Income	215.44	264.79	234.37	116.99	65.71	58.82
Interest Expense	-8.18	-9.18	-8.16	-9.85	-21.67	-22.81
Earnings From Equity Investments	5.01	5.01	6.68	4.18	1.39	0.6
Currency Exchange Gain (Loss)	-5.1	0.69	2.01	-4.31	-8.64	-0.97
Other Non Operating Income (Expenses)	6.79	5.13	4.22	0.61	0.09	1.57
EBT Excluding Unusual Items	213.96	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	208.94	261.41	231.17	96.91	36.87	37.2
Income Tax Expense	58.17	77.9	74.76	28.49	13.03	12.93
Earnings From Continuing Operations	150.77	183.51	156.41	68.43	23.84	24.27
Minority Interest in Earnings	-0.14	-0.63	-0.67	-0.28	0.03	0.27
Net Income	150.63	182.88	155.74	68.15	23.88	24.54
Net Income to Common	150.63	182.88	155.74	68.15	23.88	24.54
Net Income Growth	-25.25%	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)	-1.33%	-0.35%	-	2.75%	4.35%	12.60%
EPS (Basic)	3.20	3.85	3.27	1.43	0.51	0.55
EPS (Diluted)	3.20	3.85	3.27	1.43	0.51	0.55
EPS Growth	-24.38%	17.84%	128.53%	180.29%	-7.27%	140.49%
Free Cash Flow	84.11	60.87	70.59	65.74	53.39	0.71
Free Cash Flow Per Share	1.79	1.28	1.48	1.38	1.15	0.02
Dividend Per Share	0.420	0.360	0.280	0.150	0.110	0.420
Dividend Growth	21.74%	28.57%	86.67%	36.36%	-73.81%	-25.00%
Gross Margin	42.17%	46.92%	48.77%	40.78%	37.03%	31.52%
Operating Margin	25.49%	31.78%	32.71%	23.55%	17.45%	13.65%
Profit Margin	17.82%	21.95%	21.73%	13.72%	6.34%	5.69%
Free Cash Flow Margin	9.95%	7.30%	9.85%	13.23%	14.18%	0.17%
EBITDA	239	284.46	252.23	136.6	84.99	79.98
EBITDA Margin	28.28%	34.14%	35.20%	27.50%	22.57%	18.56%
D&A For EBITDA	23.56	19.67	17.87	19.62	19.29	21.16
EBIT	215.44	264.79	234.37	116.99	65.71	58.82
EBIT Margin	25.49%	31.78%	32.71%	23.55%	17.45%	13.65%
Effective Tax Rate	27.84%	29.80%	32.34%	29.39%	35.34%	34.76%
Revenue as Reported	845.21	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.