Q1 26 EPS
$0.78
BEAT +8.33%
Est. $0.72
Q1 26 Revenue
$249.0M
BEAT +2.71%
Est. $242.5M
vs S&P Since Q1 26
+1.9%
BEATING MARKET
TGLS +1.6% vs S&P -0.4%
Market Reaction
Did TGLS Beat Earnings? Q1 2026 Results
Tecnoglass delivered a stronger-than-expected first quarter despite mounting margin headwinds, posting earnings of $0.78 per diluted share against a consensus estimate of $0.72, an 8.33% beat, while revenue of $249.01 million grew 12.0% year-over-yea… Read more Tecnoglass delivered a stronger-than-expected first quarter despite mounting margin headwinds, posting earnings of $0.78 per diluted share against a consensus estimate of $0.72, an 8.33% beat, while revenue of $249.01 million grew 12.0% year-over-year and edged past the $242.45 million analyst estimate by 2.71%. The headline numbers, however, masked meaningful profitability pressure: gross margin compressed sharply to 38.5% from 43.9% a year ago, driven by a $6.40 million aluminum cost headwind tied to recently implemented tariffs, a stronger Colombian Peso, higher installation revenue mix, and annual Colombian minimum wage increases, factors that had drawn considerable investor scrutiny heading into the print. Net income fell to $31.89 million from $42.19 million in the prior-year period. On the forward outlook, management reaffirmed full-year 2026 revenue guidance of $1.06 billion to $1.13 billion and Adjusted EBITDA of $225 million to $245 million, expressing confidence that pricing actions and automation initiatives will fully offset tariff impacts by 2027, supported by a record backlog of $1.36 billion, up 19.1% year-over-year.
Key Takeaways
- • Multi-family/commercial revenues grew 20.4% year-over-year driven by strong activity in key markets including growth beyond Florida
- • Record backlog of $1.36 billion, up 19.1% year-over-year
- • Expanding dealer network and showroom footprint supporting geographic diversification and market share gains
- • Pricing actions implemented to offset tariff and cost pressures
TGLS Forward Guidance & Outlook
Tecnoglass reaffirmed its full year 2026 guidance with revenue in the range of $1.06 billion to $1.13 billion and Adjusted EBITDA in the range of $225 million to $245 million. This outlook reflects the impact of the recently implemented 10% tariff on finished aluminum window imports, which is expected to be partly offset in 2026 through pricing actions effective on orders from early May, with additional efficiency initiatives from logistics optimization and automation expected to begin contributing benefits by year end. Management sees a clear path to fully offsetting the impact of tariffs in 2027 when full-year pricing across both businesses and incremental automation savings are expected to be realized. If due diligence on the proposed U.S. manufacturing facility is favorable, 2026 investments would be limited to land acquisition of approximately $20-25 million.
TGLS YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
TGLS Revenue by Segment
With YoY comparisons, source: SEC Filings
TGLS Revenue by Geography
With YoY comparisons, source: SEC Filings
“First quarter results were in line with our expectations, with resilient performance across our key metrics reflecting the continued strength of our vertically integrated business model despite a dynamic cost environment. Demand for our product offerings remains strong, as demonstrated by another quarter of record backlog and healthy order activity, with momentum continuing into the second quarter. We continue to gain market share, supported by our differentiated platform, industry-leading margins and efficient cost structure. Our previously announced pricing actions are now in place, and the broad-based nature of industry cost pressures supports our confidence in executing these increases while preserving our competitive positioning. With a robust pipeline of value creation initiatives, a strong capital position, and further execution under our share repurchase authorization, we remain confident in our ability to deliver on our strategic objectives.”
— José Manuel Daes, Q1 2026 Earnings Press Release
TGLS Earnings Trends
TGLS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TGLS EPS Trend
Earnings per share: estimate vs actual
TGLS Revenue Trend
Quarterly revenue: estimate vs actual
TGLS Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.72 | $0.78 | +8.33% | $249.0M | +2.71% |
| Q4 25 MISS FY | $0.84 | $0.63 | -25.18% | $245.3M | +2.47% |
| FY Full Year | $3.78 | $3.58 | -5.39% | $983.6M | +0.59% |
| Q3 25 MISS | $1.11 | $1.01 | -8.84% | $260.5M | -1.56% |
| Q2 25 BEAT | $0.96 | $1.03 | +7.52% | $255.5M | +3.63% |
| Q1 25 BEAT | $0.82 | $0.92 | +12.20% | $222.3M | +4.23% |