Companies · TGLS
Tecnoglass Holdings
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Latest analysis
Updated Aug 6, 2026
Tecnoglass reports 15.6% Q2 revenue growth amid tariff headwinds and margin compression.
Tecnoglass delivered $295.3 million in Q2 2026 revenue, up 15.6% year-over-year, driven by 18.1% growth in U.S. markets with strong commercial and residential gains, but gross margin contracted 1,140 basis points to 37.3% due to higher aluminum input costs, Colombian wage inflation, and tariff expenses of $18.7 million. Operating expenses surged 38.3% quarter-over-quarter primarily from tariff costs, partially offset by favorable foreign currency transactions and strong project backlog execution, resulting in net income of $24.6 million versus $44.1 million in the prior year. The company is executing a tariff-mitigation strategy centered on U.S.-sourced aluminum procurement and ongoing automation investments to support $1.3 billion current manufacturing capacity.
Tone: cautiousRevenue
$983.6M
TGLS 10-K · FY 2025
Employees
9,601
Revenue FY2024
$890.2M
Founded
1983
Profile
TGLS 10-K Item 1 · Mar 2, 2026Tecnoglass is a vertically integrated manufacturer, supplier, and installer of high-end aluminum and vinyl windows and architectural glass for commercial and residential construction markets across the Americas. The company manufactures primarily from a 6.1 million square foot campus in Barranquilla, Colombia, and distributes predominantly into the United States, which accounts for approximately 95% of revenues. Its structural cost advantage stems from low-cost Colombian manufacturing combined with direct maritime access to U.S. coastal markets.
Read filing description ↓ Collapse description ↑
We are experienced and highly skilled in the vertical integration of window and architectural glass manufacturing, distribution, and professional fitting. Our expertise extends to the production of top-quality windows, as well as the supply of aluminum, vinyl, and other components. Our dedicated and knowledgeable team serves a diverse range of commercial and residential construction projects worldwide, guaranteeing outstanding products and seamless installation services. With a focus on innovation, combined with providing highly specified products with the highest quality standards at competitive prices, we have earned #1 spot in the Forbe's list of America's 100 most successful small-cap companies for 2024, and developed a leadership position in each of our core markets. In the United States, which is our largest market, we were ranked among the four largest glass fabricators serving the United States in 2025 by Glass Magazine. In addition, we believe we are the leading glass transformation company in Colombia. Our customers, which include developers, general contractors or installers for hotels, office buildings, shopping centers, airports, universities, hospitals and multi-family and residential buildings, look to us as a value-added partner based on our product development capabilities, our high-quality products and our unwavering commitment to exceptional service. With over 40 years of experience in architectural glass and aluminum assembly, we specialize in transforming various glass products. Our offerings include tempered safety glass, double thermo-acoustic glass, and laminated glass. Our wide range of finished glass products are utilized in diverse buildings for floating facades, curtain walls, windows, doors, handrails, as well as interior and bathroom spatial dividers. In addition to glass, we manufacture aluminum and vinyl products such as profiles, rods, bars, plates, and other hardware specifically designed for window manufacturing.
Primary products
- Low-e Glass
- Laminated/Thermo-Laminated Glass
- Thermo-Acoustic Glass
- Tempered Glass
- Silk-Screened Glass
- Curved Glass
End markets
Geographies
Named customers
No single customer accounted for more than 10% of our revenues during the years ended December 31, 2025, and 2024.
Named competitors
“We currently compete with companies such as Viracon (a subsidiary within the Apogee Enterprises Inc. Group), PGT, Cardinal Glass and Oldcastle Glass among others in the United States and companies such as Vitro, Vitelco and others in the Colombia and Latin America.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total operating revenues increased from $890.2 million in 2024 to $983.6 million in 2025, driven by continued U.S. commercial and residential market penetration and the addition of Continental Glass Systems.
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