Tecnoglass Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
TGLS$45.45-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated statements of Operations and Comprehensive Income
(In thousands, except share and per share data)
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating revenues: | |||
| External customers | $887,067 | $830,879 | $714,735 |
| Related parties | 3,114 | 2,386 | 1,835 |
| Total operating revenues | 890,181 | 833,265 | 716,570 |
| Cost of sales | 510,209 | 442,331 | 367,071 |
| Gross profit | 379,972 | 390,934 | 349,499 |
| Operating expenses: | |||
| Selling expense | (81,298) | (68,061) | (69,006) |
| General and administrative expense | (71,673) | (63,111) | (54,078) |
| Total operating expenses | (152,971) | (131,172) | (123,084) |
| Operating income | 227,001 | 259,762 | 226,415 |
| Non-operating income, net | 5,858 | 5,131 | 4,218 |
| Foreign currency transactions (loss)/gains | (5,665) | 686 | 2,013 |
| Interest expense and deferred cost of financing | (7,433) | (9,178) | (8,156) |
| Equity method income | 5,397 | 5,013 | 6,680 |
| Income before taxes | 225,158 | 261,414 | 231,170 |
| Income tax provision | (63,849) | (77,904) | (74,758) |
| Net income | $161,309 | $183,510 | $156,412 |
| Income attributable to non-controlling interest | - | (628) | (669) |
| Income attributable to parent | $161,309 | $182,882 | $155,743 |
| Basic income per share | $3.43 | $3.85 | $3.27 |
| Diluted income per share | $3.43 | $3.85 | $3.27 |
| Basic weighted average common shares outstanding | 46,996,168 | 47,508,980 | 47,674,773 |
| Diluted weighted average common shares outstanding | 46,996,168 | 47,508,980 | 47,674,773 |
| Other comprehensive income: | |||
| Foreign currency translation adjustments | (53,167) | 63,058 | (46,623) |
| Change in fair value derivative contracts | (2,131) | (2,734) | 9,187 |
| Other Comprehensive Income | (55,298) | 60,324 | (37,436) |
| Total Comprehensive income | $106,011 | $243,834 | $118,976 |
| Income attributable to non-controlling interest | - | (628) | (669) |
| Total comprehensive income attributable to parent | $106,011 | $243,206 | $118,307 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.