Tecnoglass Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 7, 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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Condensed Consolidated Statements of Operations and Other Comprehensive Income
(In thousands, except share and per share data)
| Three months ended · Six months ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| Operating revenues: | ||||
| External customers | $254,145 | $218,928 | $475,417 | $411,017 |
| Related parties | 1,401 | 726 | 2,417 | 1,264 |
| Total operating revenues | 255,546 | 219,654 | 477,834 | 412,281 |
| Cost of sales | (141,211) | (130,077) | (265,974) | (248,044) |
| Gross profit | 114,335 | 89,577 | 211,860 | 164,237 |
| Operating expenses: | ||||
| Selling expense | (29,730) | (20,000) | (53,347) | (37,583) |
| General and administrative expense | (23,405) | (18,443) | (42,260) | (34,498) |
| Total operating expenses | (53,135) | (38,443) | (95,607) | (72,081) |
| Other Operating income | 4 | - | 4,280 | - |
| Operating income | 61,204 | 51,134 | 120,533 | 92,156 |
| Non-operating income, net | 588 | 2,731 | 1,604 | 3,811 |
| Equity method income | 942 | 1,237 | 2,286 | 2,283 |
| Foreign currency transactions (loss) gains | 847 | (5,575) | 338 | (5,728) |
| Interest expense and deferred cost of financing | (1,350) | (2,006) | (2,681) | (4,112) |
| Income before taxes | 62,231 | 47,521 | 122,080 | 88,410 |
| Income tax provision | (18,148) | (12,493) | (35,808) | (23,652) |
| Net income | $44,083 | $35,028 | $86,272 | $64,758 |
| Basic income per share | $0.94 | $0.75 | $1.84 | $1.38 |
| Diluted income per share | $0.94 | $0.75 | $1.84 | $1.38 |
| Basic weighted average common shares outstanding | 46,988,155 | 46,996,705 | 46,989,650 | 46,996,706 |
| Diluted weighted average common shares outstanding | 46,988,155 | 46,996,705 | 46,989,650 | 46,996,706 |
| Other comprehensive income: | ||||
| Foreign currency translation adjustments | 13,260 | (28,321) | 32,836 | (28,291) |
| Change in fair value of derivative contracts | 785 | (342) | 148 | 694 |
| Other comprehensive income | 14,045 | (28,663) | 32,984 | (27,597) |
| Comprehensive income | $58,128 | $6,365 | $119,256 | $37,161 |
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