--- title: "Tecnoglass | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 249.01 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285769599.md" datetime: "2026-05-08T20:10:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285769599.md) - [en](https://longbridge.com/en/news/285769599.md) - [zh-HK](https://longbridge.com/zh-HK/news/285769599.md) --- # Tecnoglass | 10-Q: 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 47.47 M. #### Segment Revenue - **Total Operating Revenues:** Tecnoglass Inc.’s total operating revenues increased by $26.7 million, or 12.0%, from $222.3 million in Q1 2025 to $249.0 million in Q1 2026. - **By Revenue Recognition Method:** Fixed price contracts revenue increased to $76.108 million in Q1 2026 from $52.974 million in Q1 2025, while product sales increased to $172.904 million in Q1 2026 from $169.314 million in Q1 2025. - **By Geographic Location:** Revenue from Colombia increased to $7.519 million in Q1 2026 from $6.414 million in Q1 2025, and from the United States increased to $237.140 million in Q1 2026 from $212.454 million in Q1 2025. Revenue from Panama decreased to $0 million in Q1 2026 from $0.455 million in Q1 2025, and other geographic revenues increased to $4.353 million from $2.965 million over the same period. - **By End Market:** Residential revenue decreased to $88.470 million in Q1 2026 from $88.929 million in Q1 2025, while commercial revenue increased to $160.542 million in Q1 2026 from $133.359 million in Q1 2025. #### Operational Metrics - **Net Income:** Tecnoglass Inc. reported net income of $31.9 million for Q1 2026, compared to $42.2 million for Q1 2025. - **Gross Profit:** Gross profit was $95.8 million for Q1 2026, a decrease of $1.7 million from $97.5 million for Q1 2025. - **Gross Profit Margin:** The gross profit margin was 38.5% for Q1 2026, down from 43.9% for Q1 2025, primarily due to higher input costs, increased salaries, an unfavorable revenue mix towards commercial revenues with installation services, and a stronger local currency. - **Operating Expenses:** Operating expenses increased by $8.4 million, or 19.8%, to - $50.9 million for Q1 2026, from - $42.5 million for Q1 2025, mainly due to higher personnel costs and a one-time wealth tax, partially offset by a $1.9 million recovery of import tariffs. - **Operating Income:** Operating income was $44.9 million for Q1 2026, compared to $59.3 million for Q1 2025. - **Interest Expense and Deferred Cost of Financing:** This increased to - $3.0 million for Q1 2026, an increase of $1.7 million from - $1.3 million for Q1 2025, reflecting the discontinuation of hedge accounting. - **Income Tax Provision:** The income tax provision was - $11.9 million for Q1 2026, compared to - $17.7 million for Q1 2025. - **Effective Tax Rate:** The effective tax rate was 27.2% for Q1 2026, compared to 29.5% for Q1 2025. #### Cash Flow - **Cash Flow provided by Operating Activities:** Cash flow provided by operating activities was $6.7 million for Q1 2026, a decrease from $46.9 million for Q1 2025. - **Cash Flow used in Investing Activities:** Cash flow used in investing activities was - $17.9 million for Q1 2026, compared to - $18.2 million for Q1 2025. - **Cash Flow from Financing Activities:** Cash flow from financing activities was $0.9 million for Q1 2026, compared to - $7.4 million for Q1 2025. - **Cash and Cash Equivalents (End of Period):** Cash and cash equivalents were $91.1 million as of March 31, 2026, compared to $157.3 million as of March 31, 2025. - **Cash Paid for Interest:** Cash paid for interest was $2.163 million for Q1 2026, up from $1.702 million for Q1 2025. - **Cash Paid for Income Tax:** Cash paid for income tax was $12.830 million for Q1 2026, up from $11.758 million for Q1 2025. #### Unique Metrics - **Remaining Performance Obligations:** Remaining performance obligations totaled $878.3 million as of March 31, 2026, with $432.3 million expected to be recognized in 2026, $376.1 million in 2027, and $70.0 million in 2028. - **Share Repurchases:** Tecnoglass Inc. repurchased 372,910 shares for $16.5 million during Q1 2026, with $92.5 million remaining under its $250 million Share Repurchase Program. - **Capital Expenditures:** Investments in property, plant, and equipment were $17.3 million for Q1 2026, compared to $30.4 million for Q1 2025. - **Property, Plant, and Equipment acquired under credit:** This amounted to $7.9 million for Q1 2026, compared to $11.1 million for Q1 2025. - **Current Manufacturing Operating Capacity:** The company’s current manufacturing operating capacity is approximately $1.3 billion, excluding incremental installation revenue capacity. #### Future Outlook and Strategy Tecnoglass Inc. anticipates continued positive cash flow from operating activities for the remainder of the year and possesses $325 million available under existing lines of credit for liquidity. The company plans to expand its presence in the United States outside of Florida and launch a residential window offering to drive additional organic growth, leveraging its low-cost manufacturing and vertical integration. Investments in operations are expected to improve efficiency, reduce material waste, and shorten lead times, with all existing performance obligations of $878.3 million anticipated to be recognized within three years. ### 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) - [10% Owner Of Tecnoglass Makes $4.05M Buy](https://longbridge.com/en/news/286791497.md) - [Sangoma Announces Third Quarter Fiscal 2026 Results | SANG Stock News](https://longbridge.com/en/news/286317217.md) - [Tecnoglass (NYSE:TGLS) Announces Earnings Results](https://longbridge.com/en/news/285820602.md)