The reaffirmed guidance signals management's confidence in offsetting tariff headwinds through pricing and automation, but the margin contraction and net income drop are concerning. Monitor Q2 results for margin recovery and tariff mitigation progress; backlog visibility into 2027 supports revenue growth. The recent tariff-related 8-K (April 9) has already been priced in, so this earnings mixed read may limit upside near term.
Price Chart
Executive Summary
Tecnoglass reported record Q1 2026 revenue of $249.0M, up 12.0% YoY and beating consensus, but net income dropped 24.4% to $31.9M ($0.71 per share, slightly below $0.72 consensus) due to aluminum cost inflation and tariff impacts. Gross margin contracted 540 bps to 38.5%, while the company reaffirmed full-year 2026 guidance of $1.06B-$1.13B revenue and $225M-$245M Adjusted EBITDA.
Key Financial Metrics
Key Facts
- Record Q1 revenue of $249.0M (+12.0% YoY), beating estimated $242.4M
- GAAP EPS of $0.71 vs consensus $0.72 (in-line; adjusted $0.78)
- Net income fell to $31.9M from $42.2M YoY; operating cash flow $6.7M
- Gross margin dropped to 38.5% from 43.9% on higher aluminum costs and mix
- Backlog reached $1.36B, up 19.1% YoY; multi-family/commercial revenue +20.4%
- Reaffirmed FY2026 revenue guidance $1.06B-$1.13B and Adj. EBITDA $225M-$245M
- Repurchased $16.5M in shares and paid $6.7M in dividends in Q1
- One-time $2.9M Colombian wealth tax expense impacted SG&A
Financial Impact
Revenue beat of $6.6M (+2.7% vs consensus), but net income decline of $10.3M YoY due to margin compression of 540 bps and $6.4M headwind from aluminum costs.
Risk Factors
- Aluminum tariff impact not fully offset in 2026; margin pressure expected to persist
- Colombian peso strengthening against USD adds cost headwinds
- One-time wealth tax and annual wage adjustments in Colombia
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-021602 |
| Document: form8-k.htm | 0001493152-26-021602 |
| Document: 0001493152-26-021602-index-headers.html | 0001493152-26-021602 |
| Document: 0001493152-26-021602-index.html | 0001493152-26-021602 |
| Document: 0001493152-26-021602.txt | 0001493152-26-021602 |
| 8-K Data (Synthetic) | 0001493152-26-021602 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Press Release | $38.72 | awaiting T+20 | — | $38.58 (−0.36%) |
Sep 10, 2026 6w ago | 8-K | $38.31 $37.84 | ▼ −1.23% | ▼ −3.35% | $38.58 (+0.70%) |
Sep 10, 2026 6w ago | Press Release | $38.31 $37.84 | ▲ +1.23% | ▲ +3.35% | $38.58 (−0.70%) |
Aug 6, 2026 11w ago | 8-K | $44.47 $39.26 | ▲ +11.72% | ▲ +12.32% | $38.58 (+13.24%) |
Jun 25, 2026 17w ago | 425 | $44.75 $43.74 | ▼ −2.26% | ▼ −3.52% | $38.58 (−13.79%) |
Jun 25, 2026 17w ago | 8-K | $44.75 $43.74 | ▼ −2.26% | ▼ −3.52% | $38.58 (−13.79%) |
Jun 10, 2026 19w ago | 8-K | $42.13 $43.14 | ▲ +2.40% | ▼ −1.23% | $38.58 (−8.43%) |
May 14, 2026 23w ago | 424B4 | $41.03 $43.79 | ▲ +6.73% | ▲ +7.58% | $38.58 (−5.97%) |
May 7, 2026 24w ago | 8-K | $42.44 $42.35 | ▼ −0.21% | ▼ −3.35% | $38.58 (−9.10%) |
Apr 9, 2026 28w ago | 8-K | $43.59 $42.44 | ▲ +2.64% | ▲ +11.17% | $38.58 (+11.49%) |
US Market Status
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