
Tecnoglass (NYSE:TGLS) Announces Earnings Results

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Tecnoglass (NYSE:TGLS) reported quarterly earnings of $0.78 per share, exceeding estimates of $0.72. Revenue reached $249.01 million, up 12% year-over-year. The company noted a strong backlog of $1.36 billion and a return on equity of 21.50%. However, margins compressed due to rising aluminum costs and other factors. Tecnoglass also announced a quarterly dividend of $0.15 per share. Despite a recent stock decline of 6.1%, insiders have been actively buying shares, indicating confidence in the company's growth potential.
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