Miami, Fl – September 26, 2023. — ES Windows ("ES" or the "Company"), a leading company in the commercial and residential construction industry, is thrilled to announce a significant milestone in its history. After decades of unwavering success, the Company is embarking on a new journey, marked by the unveiling of its new corporate identity, transitioning from the former ES Windows brand to become ES.
This rebranding represents ES Windows's longstanding success and a strategic move to position the company for even greater achievements in the future. ES's new visual identity embodies modernity, sleekness, and sophistication. The design reflects a forward-looking organization, poised to take on new challenges and set new industry standards.
Alongside this fresh identity is the introduction of a powerful new tagline: "Imagine Extraordinary." This phrase encapsulates ES's relentless dedication to providing extraordinary products that inspire and exceed customers’ expectations around the world.
One of the core strengths of ES has always been its dedicated and skilled employees. Under visionary leadership, the Company consistently creates exceptional products that have solidified ES as one of the world's most trusted window companies.
"As we unveil our new logo and brand, we're celebrating more than 40 years of history and success that has brought us here," said Jose Manuel Daes, CEO of ES. "This rebranding signifies our commitment to quality, innovation, and the continuous pursuit of delivering extraordinary products to our customers and the world. Our journey is just beginning, and the future holds remarkable opportunities for continued growth and innovation.”
About ES
ES is a leading company in the design and manufacture of windows, facades, and architectural systems that incorporate aluminum and glass profiles for the residential and commercial construction industries.
With more than 40 years of experience, the company specializes in providing solutions for the most complex projects, including high thermal performance and hurricane resistant systems, responding efficiently to the request of architects and developers. As a window and door manufacturer we develop a variety of products, such as windows, window walls, curtain walls, storefronts, doors, railings, and interiors for residential, high-rise, and commercial projects.
For more information, please visit www.eswindows.com
Media Inquiries: Amanda Gonzalez
Communications and PR Manager
[email protected]
Tecnoglass to Attend the Baird 2022 Global Consumer, Technology & Services Conference
Date: June 30
Barranquilla, Colombia, June 02, 2022 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (: TGLS) ("Tecnoglass" or the "Company"), a leading manufacturer of architectural glass, windows, and associated aluminum products serving the global residential and commercial end markets, today announced that the Company will attend the Baird 2022 Global Consumer, Technology & Services Conference in New York, NY on Tuesday, June 7, 2022.
About Tecnoglass
Tecnoglass Inc. is a leading producer of architectural glass, windows, and associated aluminum products serving the multi-family, single-family, and commercial end markets. Tecnoglass is the second largest glass fabricator serving the U.S. and the #1 architectural glass transformation company in Latin America. Located in Barranquilla, Colombia, the Company’s 3.5 million square foot, vertically integrated, and state-of-the-art manufacturing complex provide efficient access to over 1,000 global customers, with the U.S. accounting for more than 90% of revenues. Tecnoglass' tailored, high-end products are found on some of the world's most distinctive properties, including One Thousand Museum (Miami), Paramount (Miami), Salesforce Tower (San Francisco), Via 57 West (NY), Hub50House (Boston), Aeropuerto Internacional El Dorado (Bogotá), One Plaza (Medellín), Pabellon de Cristal (Barranquilla). For more information, please visit www.tecnoglass.com or view our corporate video at https://vimeo.com/134429998.
Forward-Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Tecnoglass’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, and/or regulatory factors, and other risks and uncertainties affecting the operation of Tecnoglass’ business. These risks, uncertainties, and contingencies are indicated from time to time in Tecnoglass’ filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that Tecnoglass’ financial results in any particular period may not be indicative of future results. Tecnoglass is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, and changes in assumptions or otherwise, except as required by law.
Colombian company Tecnoglass rang the bell on the New York Stock Exchange
Date: June 6
Within the framework of the 230 years of the New York Stock Exchange, Technoglass rang the iconic opening bell of the market of wall street in New York, this June 6.
With this, the glass, windows, and aluminum company become the first Colombian company with shares listed directly on the New York Stock Exchange, this means that it will give more confidence to investors and the markets in the construction sector, mainly in the United States, at a time when the greatest demand for real estate in the world is in this country.
“Be in wall street It opens up the markets a lot for us because customers feel calm when they buy because they feel that the company is being watched that the company complies, that it has higher accounting standards,” he said. Christian Daes CEO of Tecnoglass.
He added, "today we are 8,000 people and we aspire to 10,000 or 11,000 in the next two or three years. We are going to continue creating jobs.”
José Manuel Daes, executive director of Tecnoglass assured us “that today a Colombian company from Barranquilla does it for the first time, It is a milestone and it is of great importance, not only for us but for the country, so that many more are encouraged to establish in their companies the rules and the parameters to be able to be here”.
He also stated that “now that it has closed China for America turns out that Vietnam increased its trade surplus by $100 billion dollars, Colombia has not been able to capitalize on that. We should think much more about making Colombia an industrial hub that exports to the United States “.
The ringing of the official bell was in charge of Diana Lorher quality director, who stated that “what differentiates us from other glass companies is quality. We have been with anti-hurricane laminated glass, we have the best optical quality and that is what has distinguished us “.
The company that is already listed on NASDAQ officially transferred the shares last May 9. The company hopes to expand its operation and reach new projects in Miami, New York, and Los Angeles.
Tecnoglass to Attend the Baird 2022 Global Consumer, Technology & Services Conference
Date: June 2
Barranquilla, Colombia, June 02, 2022 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading manufacturer of architectural glass, windows, and associated aluminum products serving the global residential and commercial end markets, today announced that the Company will attend the Baird 2022 Global Consumer, Technology & Services Conference in New York, NY on Tuesday, June 7, 2022.
About Tecnoglass
Tecnoglass Inc. is a leading producer of architectural glass, windows, and associated aluminum products serving the multi-family, single-family, and commercial end markets. Tecnoglass is the second largest glass fabricator serving the U.S. and the #1 architectural glass transformation company in Latin America. Located in Barranquilla, Colombia, the Company’s 3.5 million square foot, vertically integrated, and state-of-the-art manufacturing complex provide efficient access to over 1,000 global customers, with the U.S. accounting for more than 90% of revenues. Tecnoglass' tailored, high-end products are found on some of the world's most distinctive properties, including One Thousand Museum (Miami), Paramount (Miami), Salesforce Tower (San Francisco), Via 57 West (NY), Hub50House (Boston), Aeropuerto Internacional El Dorado (Bogotá), One Plaza (Medellín), Pabellon de Cristal (Barranquilla). For more information, please visit www.tecnoglass.com or view our corporate video at https://vimeo.com/134429998.
Forward-Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth, and future acquisitions. These statements are based on Tecnoglass’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, and/or regulatory factors, and other risks and uncertainties affecting the operation of Tecnoglass’ business. These risks, uncertainties, and contingencies are indicated from time to time in Tecnoglass’ filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that Tecnoglass’ financial results in any particular period may not be indicative of future results. Tecnoglass is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, and changes in assumptions or otherwise, except as required by law.
Link: https://finance.yahoo.com/news/tecnoglass-attend-baird-2022-global-110000380.html
Tecnoglass (TGLS) to Report Q1 Earnings: What's in Store?
Date: May 2
Tecnoglass, Inc. TGLS is scheduled to report first-quarter 2022 results on May 4, before the opening bell.
In the last reported quarter, the company’s earnings and revenues beat the Zacks Consensus Estimate by 31.6% and 2.2%, respectively. On a year-over-year basis, earnings and revenues of this manufacturer of architectural glass, windows, and associated aluminum products increased 138.1% and 28%, respectively.
Tecnoglass’ earnings topped the consensus mark in all the last four quarters, with the average being 39.9%.
Trend in Estimate Revision
The Zacks Consensus Estimate for first-quarter earnings has been revised upward to 47 cents per share from 41 cents over the past 60 days. The estimated figure suggests a 34.3% increase from 35 cents per share reported in the year-ago period. The consensus mark for revenues is pegged at $132 million, which calls for 19.1% growth from the prior-year reported figure.
Factors to Note
Strong growth in single-family residential activity and market share gains, the introduction of new products, an expanding customer base, and robust housing demand have been benefiting Tecnoglass.
Tecnoglass’ first-quarter results are expected to gain from single-family residential activities and a wide array of commercial projects. Precisely, revenues from the United States, accounting for 94.5% of total revenues, have been benefiting from robust demand for the company’s products and services in the United States, given solid momentum in the U.S. single-family residential business, market share gains as well as attractive commercial and multifamily projects. Yet, Latin America’s revenues (the majority of which are represented by long-term contracts priced in Colombian Pesos but indexed to the U.S. dollar) have been witnessing the adverse impact of changes in foreign currency exchange rates on Colombia and total revenues.
Prestige and Elite product lines are likely to have been the key growth drivers for the single-family business. The company’s Multimax product line is also expected to have contributed to first-quarter sales. Tecnoglass has been making efforts to expand the single-family business via dealership expansion and geographic diversification, particularly in the high-growth Southeast U.S. region, the Gulf Coast, and Texas.
Meanwhile, Tecnoglass has been reeling under industry-wide supply headwinds. The company has also been facing elevated costs as a result of automation efforts to meet product demand. A rise in variable costs related to marine and ground transportation and commissions is also expected to have been a concern.
Link: https://www.nasdaq.com/articles/tecnoglass-tgls-to-report-q1-earnings%3A-whats-in-store
Tecnoglass (NASDAQ: TGLS) Decides to Transfer Stock Exchange Listing to NYSE
Date: April 25
Tecnoglass Inc. (NASDAQ: TGLS) confirmed that it has decided to transfer its ordinary shares to the New York Stock Exchange (NYSE) from the NASDAQ Stock Market (NASDAQ). The Company is anticipating commencing trading on the NYSE on May 9, 2022, using its current symbol “TGLS” and will continue to trade on NASDAQ until the transfer takes place.
Tecnoglass stated that its NYSE listing is a significant step forward in the business's progress as a publicly-traded company. Many of the world's most well-known and valuable corporations are listed on the NYSE. The company believes that taking this step will give it unrivaled exposure, allowing it to reach out to more investors, boost trading liquidity, and raise visibility among a wide range of stakeholders, all of which will help to increase the value of our phenomenally successful company.
Furthermore, the company's CFO expressed his delight at joining the world's largest stock market. It is becoming a member of a small group of organizations that follow best practices and corporate governance. Thank you to the New York Stock Exchange for recognizing the Company's excellent strategy and path. The company also wants to express gratitude to NASDAQ for its support and engagement with Tecnoglass since it became a publicly-traded company.
Tecnoglass has earned a reputation as a prominent manufacturer of architectural glass, windows, and related aluminum products for multi-family, single-family, and commercial applications. Tecnoglass is the second largest glass fabricator in the United States and Latin America's leading architectural glass transformation company. The Company's 3.5 million square foot, vertically integrated, advanced manufacturing complex in Barranquilla, Colombia, gives efficient access to over 1,000 global clients, with the United States accounting for more than 90% of revenues.
Link: https://investmillion.com/tecnoglass-nasdaq-tgls-decides-to-transfer-stock-exchange-listing-to-nyse/
Tecnoglass to transfer stock exchange listing to NYSE
Date: April 25
Tecnoglass, Inc. (NASDAQ: TGLS) ("Tecnoglass" or the "Company"), a leading manufacturer of architectural glass, windows, and associated aluminum products serving the global residential and commercial end markets, announced today that it will transfer the listing of its common stock to the New York Stock Exchange (NYSE) from the NASDAQ Stock Market. The Company expects to begin trading on the NYSE on May 9, 2022, using its current symbol “TGLS” and will continue to trade on NASDAQ until the transfer takes place.
José Manuel Daes, Chief Executive Officer of Tecnoglass, commented, “Our transfer to the NYSE marks a significant milestone in Tecnoglass’ evolution as a publicly traded company. The NYSE is home to many of the world's most well-established and valuable companies and we believe it provides unparalleled exposure to reach more investors, increases trading liquidity and raises visibility with many stakeholders, ultimately enhancing value for our highly successful Company.”
Christian Daes, Chief Operating Officer, added “We are excited to be a part of the world´s largest stock exchange; this transition aligns with Tecnoglass’ growth and its successful evolution into the US market. We are joining a very exclusive club of companies that adhere to best practices and corporate governance. Thanks to the NYSE for recognizing the company´s successful strategy and trajectory. We also want to thank NASDAQ for its partnership with Tecnoglass since becoming a publicly traded company and for its support throughout the years.”
“We are pleased to welcome Tecnoglass as it transfers its listing to the New York Stock Exchange and joins our leading community of icons and disruptors,” said John Tuttle, Vice Chair and Chief Commercial Officer.
Link: https://seekingalpha.com/news/3826086-tecnoglass-to-transfer-stock-exchange-listing-to-nyse
Tecnoglass Again Breaks Quarterly & Full Year Revenue, Net Income Records: Q4 & FY2021
Date: March 3
Barranquilla-based architectural glass and aluminum manufacturer Tecnoglass (NASD: TGLS) this morning announced that the company has broken previous records for both revenues and net income for the fourth quarter of 2021 and the full year. The company also announced that a special committee investigation demonstrated no evidence of related party transactions fraud or accounting irregularities, invalidating claims made by short-sellers last December.
Fourth-quarter total revenues increased 28.0% year-over-year to $131.8 million USD, with 142% growth in single-family residential revenues, while net income reached $19.8 million, or $0.41 per diluted share. Adjusted net income was a record $24 million, or $0.50 per diluted share. The company said that its gross margin improved 710 basis points YoY to 42.9%.
Fourth-quarter EBITDA increased 65.7% YoY to a record $42.2 million, or $32% of revenues. Cash flow from operations was $23.8 million, and the cash dividend increased 136% to $0.065 per share. The Colombian company also announced an amendment to its senior secured revolving credit facility, expanding borrowing capacity from $50 million to $150 million, reducing its cost of capital, and extending debt maturities to 2026.
For the full year, single-family residential revenues increased by 151% YoY, representing 36% of total revenues for the year. The line of business is relatively new for Tecnoglass, which built its reputation on large commercial and high-rise multifamily residential projects. Total revenues are up 32% YoY to a record $496.8 million for 2021.
Gross margin is also a record 40.8%, up 380 basis points, and full-year net income is $68.4 million, or $1.43 per diluted share. Adjusted net income is $82.7 million, or $1.75 per diluted share. Cash flow from operations is also a record $117.3 million.
The company’s backlog of orders expands 7.2% to a record $584.6 million, including supplying energy-efficient windows to 20 of the 22 tallest buildings currently under permitting or construction in South Florida.
Tecnoglass Non-GAAP EPS of $0.50 beats by $0.11, the revenue of $131.82M beats by $2.45M
Date: March 3
Tecnoglass press release (NASDAQ:TGLS): Q4 Non-GAAP EPS of $0.50 beats by $0.11.
Revenue of $131.82M (+28.1% Y/Y) beats by $2.45M.
Adjusted EBITDA increased 65.7% year-over-year to a record $42.2 million, representing 32.0% of total revenues
Cash flow from operations of $23.8 million
FY22 Outlook: Revenues to grow to a range of $575 million to $600 million vs consensus of $558.92M and for adjusted EBITDA1 to increase to a range of $170 million to $190 million. This implies adjusted EBITDA growth of approximately 20% at the midpoint
Tecnoglass, Inc. (TGLS) CEO Jose Daes on Q4 2021 Results - Earnings Call Transcript
Date: March 3
Greetings and welcome to Tecnoglass, Inc. Fourth Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Brad Cray, Investor Relations. Thank you. You may begin.
Jose Manuel Daes
Thank you, Brad and thank you everyone for participating on today’s call. I am excited to disclose our exceptional fourth quarter and full year results, which reflect the focus execution of the Tecnoglass team across all areas of our business.
During the fourth quarter, we further advanced our leading industry position to produce yet another quarter of record results across nearly all operating metrics. This allowed us to achieve the most profitable highest cash flow year in Tecnoglass history. Our strong growth continues to be largely driven by outperformance in the sales of our innovative single-family residential products.
Single-family sales rose over 140% year-over-year in the fourth quarter, and for the year, our single-family sales increased over 150%. This impressive performance in residential has been supported by a combination of our penetration into the attractive southeast US region and our track record of excellent customer service, including our ability to deliver products with lead times well below industry average, despite the supply constraints impacting our industry.