NYSE$TGLS

Tecnoglass Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Tecnoglass reported a revenue increase and improved net income for Q4 2019.

Tecnoglass reported a 3.6% increase in total revenues for Q4 2019, reaching $101.4 million. Net income was $10.6 million, or $0.23 per diluted share, compared to a net loss in the prior year quarter. The company's backlog expanded to a record $542 million.

  • Total revenues increased by 3.6% to $101.4 million compared to the prior year quarter.
  • U.S. revenues increased by 2.9% to $83.8 million, driven by stronger residential invoicing.
  • Net income was $10.6 million, or $0.23 per diluted share, compared to a net loss in the prior year quarter.
  • Backlog expanded to a record $542 million, up 2% quarter-over-quarter.

Headline financials

Total Revenue

$101M

Previous: $97.9M+3.6%
EPS (adj)

$0.16

Previous: $0.27-40.7%
Gross Margin

28.9%

Previous: 34.9%-17.2%
Capital Expenditures

$5.07M

Previous: $5.92M-14.5%
Free Cash Flow

$14.1M

Previous: -$1.48M+1055.1%
Net Income

$10.60

Previous: -$4.3M+100.0%
Operating Income

$58.80

Previous: $14.3M-100.0%
Gross Profit

$29.30

Previous: $34.1M-100.0%
Cash & Equivalents

$47.9M

Previous: $33M+44.9%
Total Assets

$570M

Previous: $490M+16.3%

Revenue & EPS history

Tecnoglass · Revenue · Quarterly

$101M

Q4 2019+3.6%vs Q4 2018
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Tecnoglass · $87.8M total across 1 segment · Q3 2023

  • Single-Family Residential
    $87.8M+2.4%

Forward guidance

For the full year 2020, the Company expects revenues to grow to a range of $445 to $455 million and anticipates Adjusted EBITDA to be in the range of $97 million to $102 million.

Tailwinds

  • Expects to see growth in construction end markets
  • Anticipates additional market share gains in the U.S.
  • Expects revenue growth to a range of $445 to $455 million
  • Anticipates Adjusted EBITDA in the range of $97 million to $102 million
  • Driven by higher revenues and the flow through of high return investments

Headwinds

  • Partly offset by higher labor costs

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+2.5%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+6.8%

Avg return

30 days after

56%

31 / 55 earnings

Positive

+37.0%

Q1 2021

Best reaction

-24.1%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.0%-9.0%+0.0%
Q4 2025-6.4%-6.3%-13.5%
Q3 2025-6.0%-17.3%-8.3%
Q1 2025+16.0%+23.6%+24.9%
Q4 2024+9.0%-1.2%+1.0%
Q3 2024+8.2%+5.3%+18.5%
Q2 2024+17.8%+21.1%+24.1%
Q1 2024+1.2%+6.7%-12.2%
Q4 2023-3.7%-4.9%+11.9%
Q3 2023-7.2%-3.6%+11.3%
Q2 2023-16.9%-21.3%-20.2%
Q1 2023+3.8%+4.4%-7.8%
Q4 2022+17.1%+14.7%+15.4%
Q3 2022+19.9%+26.4%+58.5%
Q2 2022+4.7%+9.0%-3.0%
Q1 2022-5.3%-17.0%-10.2%
Q4 2021+2.8%+0.8%+21.1%
Q3 2021+5.9%+9.0%+14.0%
Q2 2021+16.2%+19.2%+10.8%
Q1 2021+37.0%+31.0%+70.7%
Q4 2020+13.4%+18.2%+63.2%
Q3 2020+7.2%+9.3%+13.9%
Q2 2020+5.2%+10.7%+3.3%
Q1 2020+4.3%-6.6%+39.6%
Q4 2019-24.1%-30.0%-59.4%
Q3 2019+0.9%-3.5%-4.6%
Q2 2019+7.2%+6.6%+2.9%
Q1 2019+0.9%+0.7%-2.7%
Q4 2018+7.0%-4.8%-15.6%
Q3 2018+16.8%+16.8%+20.7%
Q2 2018-2.2%-1.1%+4.8%
Q1 2018+4.1%+6.7%+8.6%
Q4 2017-2.2%+2.1%-4.6%
Q3 2017-5.6%-2.8%-1.2%
Q2 2017-10.0%-11.7%-10.5%
Q1 2017+0.9%-3.2%-13.2%
Q4 2016-1.2%-2.6%-5.9%
Q3 2016+3.2%-1.2%+5.2%
Q2 2016-2.7%+4.0%+14.5%
Q1 2016+0.9%
Q4 2015-7.7%
Q3 2015-0.5%
Q2 2015+0.5%
Q1 2015+2.8%
Q4 2014+3.9%
Q3 2014-0.5%
Q2 2014-1.0%
Q4 2013+2.3%
Q1 2014+3.8%
Q3 2013+0.0%
Q2 2013+0.0%
Q1 2013+0.0%
Q4 2012+0.0%
Q3 2012+0.0%
Q2 2012+0.0%

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