--- title: "Tecnoglass | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 249.01 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285536684.md" datetime: "2026-05-07T11:09:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285536684.md) - [en](https://longbridge.com/en/news/285536684.md) - [zh-HK](https://longbridge.com/zh-HK/news/285536684.md) --- # Tecnoglass | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 249.01 M Revenue: As of FY2026 Q1, the actual value is USD 249.01 M, beating the estimate of USD 242.45 M. EPS: As of FY2026 Q1, the actual value is USD 0.71, missing the estimate of USD 0.7275. EBIT: As of FY2026 Q1, the actual value is USD 47.96 M. #### Revenue Tecnoglass Inc. reported record first quarter revenue of $249.0 million for Q1 2026, marking a 12.0% increase year-over-year compared to $222.3 million in the prior year quarter . Multi-family/commercial revenues grew 20.4% year-over-year, while single-family residential revenues remained relatively stable . Changes in foreign currency exchange rates resulted in a - $0.9 million headwind to total revenues . Revenues by region for Q1 2026 included the United States contributing $237,140 thousand (up 11.6%), Colombia $7,519 thousand (up 17.2%), and Other Countries $4,353 thousand (up 27.3%) . #### Gross Profit and Margin Gross profit for Q1 2026 was $95.8 million, representing a 38.5% gross margin . This is a decrease from $97.5 million and a 43.9% gross margin reported in Q1 2025 . The change primarily reflects an unfavorable mix from higher installation revenue, increased raw material costs (including an incremental headwind of approximately $6.4 million from U.S. aluminum costs), higher salary expenses due to annual minimum wage adjustments in Colombia, and a strengthening Colombian Peso . #### Operating Costs Selling, general and administrative (SG&A) expense was $50.9 million for Q1 2026, up from $42.5 million in Q1 2025 . As a percentage of total revenues, SG&A was 20.4% for Q1 2026, compared to 19.1% in Q1 2025 . This increase was partly due to higher personnel expenses from annual salary adjustments, a stronger Peso, and increased transportation and commission expenses associated with revenue growth . Additionally, the Company recorded a one-time $2.9 million expense for a government-imposed wealth tax in Colombia . Total operating expenses were - $50,893 thousand in Q1 2026, compared to - $42,472 thousand in Q1 2025 . #### Net Income Net income was $31.9 million, or $0.71 per diluted share, in Q1 2026, a decrease from $42.2 million, or $0.90 per diluted share, in Q1 2025 . Adjusted net income was $34.6 million, or $0.78 per diluted share, in Q1 2026, down from $43.1 million, or $0.92 per diluted share, in Q1 2025 . #### Adjusted EBITDA Adjusted EBITDA was $61.5 million, or 24.7% of total revenues, in Q1 2026, compared to $70.2 million, or 31.6% of total revenues, in Q1 2025 . #### Cash Flow Cash provided by operating activities for Q1 2026 was $6.7 million, which included a build-up in inventories of U.S.-sourced aluminum . Cash used in investing activities was - $17.864 million in Q1 2026, compared to - $18.190 million in Q1 2025 . Cash provided by financing activities was $851 thousand in Q1 2026, compared to - $7,437 thousand in Q1 2025 . The net decrease in cash and cash equivalents was - $9,785 thousand in Q1 2026 . #### Capital Allocation and Liquidity Capital expenditures were $17.3 million in Q1 2026 . The company repurchased $16.5 million in shares and paid $6.7 million in dividends during the quarter . As of May 7, 2026, approximately $92.5 million remained under its current share repurchase program . Total liquidity at the end of Q1 2026 was approximately $425.0 million, including $91.1 million of cash and cash equivalents and over $330.0 million of availability under revolving credit facilities . Total debt stood at $200.3 million . #### Backlog Backlog expanded 19.1% year-over-year to a record $1.36 billion . #### Outlook / Guidance Tecnoglass Inc. reaffirmed its full year 2026 revenue outlook in the range of $1.06 billion to $1.13 billion and its Adjusted EBITDA outlook in the range of $225 million to $245 million . The company anticipates partly offsetting the impact of the recently implemented 10% tariff on finished aluminum window imports through pricing actions and efficiency initiatives, with full offset expected in 2027 . Investments related to a proposed U.S. manufacturing facility in 2026 are expected to be limited to a land purchase of approximately $20 million to $25 million, financed through available credit facilities . ### Related Stocks - [TGLS.US](https://longbridge.com/en/quote/TGLS.US.md) ## Related News & Research - [Major Investor Makes Bold New Move Into Tecnoglass Stock](https://longbridge.com/en/news/286850498.md) - [Sidoti Comments on Tecnoglass' FY2026 Earnings (NYSE:TGLS)](https://longbridge.com/en/news/286413059.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [TDK publishes 2026 annual report for fiscal year ended March 31, 2026](https://longbridge.com/en/news/287131408.md)