Tecnoglass Inc. announced that it will pay a quarterly cash dividend of $0.15 per share for the first quarter of 2025. The dividend will be distributed on April 30, 2025, to shareholders of record as of March 31, 2025.

Tecnoglass reported record financial results for the fourth quarter and full-year 2024, driven by strong organic growth, geographic expansion, and entry into the vinyl market.

Total revenues for the full year increased 6.8% to $890.2 million, with single-family residential revenue rising 10.9% to $372.1 million. The company achieved a gross profit of $380 million, representing 42.7% of revenues. Net income for the year was $161.3 million, or $3.43 per diluted share, while adjusted net income reached $171.6 million, or $3.65 per diluted share. Adjusted EBITDA stood at $275.8 million, with a margin of 31.0%.

In the fourth quarter, total revenues surged 23.1% to $239.6 million, driven by multi-family/commercial growth and a 21.3% increase in single-family residential sales. Gross margin expanded to 44.5%, benefiting from stronger pricing, stable raw material costs, and operational efficiencies. Net income for the quarter was $47 million, or $1.00 per diluted share, while adjusted net income was $49.3 million, or $1.05 per diluted share. Adjusted EBITDA reached $79.2 million, with a margin of 33.1%.

The company's backlog grew 27.6% year-over-year to a record $1.1 billion, reflecting strong demand across markets. Operating cash flow reached an all-time high of $170.5 million, representing 61.8% of adjusted EBITDA. Tecnoglass ended the year with a net cash position after paying down $65 million in debt and returning $19.7 million to shareholders through dividends.

For 2025, the company projects 10% revenue growth and 16% adjusted EBITDA growth at the midpoint of guidance, with revenues expected between $940 million and $1.02 billion. Adjusted EBITDA is forecasted between $300 million and $340 million, with an anticipated gross margin in the low-to-mid 40% range. The outlook accounts for stable foreign exchange rates, continued growth in vinyl window sales, and mitigating actions for potential U.S. aluminum tariffs.

Tecnoglass remains confident in its ability to drive further growth through product innovation, market expansion, and operational efficiencies.

On February 4, 2025, Tecnoglass Inc. appointed Jon Paul "JP" Pérez to the Board of Directors to fill the vacancy created by Lorne A. Weil’s resignation, as previously disclosed on January 6, 2025. Mr. Pérez will stand for re-election at the company's 2025 Annual General Meeting of Shareholders and will serve on the Nominating & Corporate Governance Committee.

Pérez is the President of Related Group, a leading Florida-based real estate development firm, since October 2020. He has played a pivotal role in overseeing the development of numerous luxury condominiums and market-rate rental units since joining the company in 2012. Before his tenure at Related Group, Pérez worked at The Related Companies of New York. He is also involved in community efforts, serving as a board member of Big Brothers Big Sisters of Miami and as an advisory board member for SEO Scholars Miami.

Mr. Pérez will receive standard non-employee director remuneration as per the company's compensation policy and will execute the company's standard form of indemnification agreement.