Filing Flows › Tecnoglass Holdings (TGLS) › Q1 2025
Tecnoglass Holdings (TGLS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Tecnoglass Holdings (TGLS) reported revenue of $222M for the first quarter 2025 (Q1 2025), +15% from a year earlier and -7% from the quarter before. Operating margin was 26.7%, net earnings $42.2M (19.0% of revenue).
Tecnoglass Holdings, Q1 2025: revenue $222M (+15% year over year), operating margin 26.7%, net earnings $42.2M, operating cash flow $46.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $222M | -7% | +15% |
| Gross profit | $97.5M | -8% | +31% |
| Operating profit | $59.3M | -12% | +45% |
| Net earnings | $42.2M | -10% | +42% |
| Operating cash flow | $46.9M | -23% | +40% |
| Free cash flow | $16.5M | -54% | -30% |
What changed
Revenue was $222.3M in Q1 2025, up 15% year over year and down 7% from the previous quarter. Commercial was the largest line at 60% of revenue. Residential added $15.8M year over year (up 22%), 53% of the total change.
Gross margin was 43.9%, up 5.1 points from a year earlier. Operating profit was $59.3M, a 26.7% margin (up 5.4 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 21% margin then. Operating expenses grew 14% against revenue growth of 15%. Net earnings were $42.2M, up 42% year over year. The effective tax rate was 29.5%.
Operating cash flow was $46.9M (up 40% year over year), 111% of net earnings. Non-cash charges added back $7.3M of depreciation and amortization. Working capital and other items used $2.6M. Capital expenditures of $30.4M left free cash flow of $16.5M.
Questions
What was Tecnoglass Holdings' revenue in the first quarter 2025?
Tecnoglass Holdings (TGLS) reported revenue of $222M for the first quarter 2025 (Q1 2025), +15% from a year earlier and -7% from the quarter before.
Was Tecnoglass Holdings profitable in the first quarter 2025?
Operating profit was $59.3M (26.7% of revenue) and net earnings $42.2M.