ADVERTISEMENT

Tecnoglass: Q4 Earnings Snapshot

March 3, 2022 GMT

BARRIO LAS FLORES BARRANQUILLA, Colombia (AP) _ Tecnoglass Inc. (TGLS) on Thursday reported fourth-quarter net income of $19.7 million.

On a per-share basis, the Barrio Las Flores Barranquilla, Colombia-based company said it had net income of 41 cents. Earnings, adjusted for non-recurring costs, were 50 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The architectural glass maker posted revenue of $131.8 million in the period.

For the year, the company reported profit of $68.2 million, or $1.43 per share. Revenue was reported as $496.8 million.

Tecnoglass expects full-year revenue in the range of $575 million to $600 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGLS at https://www.zacks.com/ap/TGLS