Shares of Tecnoglass (TGLS) plummeted 6.08% in pre-market trading on Thursday following the release of disappointing third-quarter financial results. The construction supplies and fixtures company reported earnings and revenue figures that fell short of analyst expectations, triggering a sell-off among investors.
Tecnoglass announced Q3 adjusted earnings per share of $1.00, missing the consensus estimate of $1.11. The company's revenue for the quarter came in at $260.479 million, falling short of the projected $264.607 million. Despite showing a 9.3% year-over-year growth, the revenue miss, coupled with lower-than-expected adjusted net income of $46.70 million and adjusted EBITDA of $79.10 million, contributed to the negative market reaction.
In an attempt to bolster investor confidence, Tecnoglass expanded its share repurchase program to $150 million, citing a strong balance sheet. The company also provided guidance for the full year 2025, expecting revenue between $970 million and $990 million, and updated its 2025 Adjusted EBITDA guidance to $294 million-$304 million. Despite these forward-looking statements and the company's anticipation of double-digit revenue growth into 2026, the market's immediate focus remained on the earnings miss, resulting in the significant stock price decline.
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