TGLS

Miami, FL, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Tecnoglass Holdings Inc. (NYSE: TGLS) (“Tecnoglass” or the “Company”), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced that its Board of Directors has declared a quarterly dividend of $0.15 per share, or $0.60 per share on an annualized basis, for the third quarter of 2026. Shareholders of record as of the close of business on September 30, 2026 will be paid a dividend of $0.15 on October 30, 2026. About Tecnoglass Tecnoglass Holdings Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass 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 5.8 million square foot, vertically integrated, and state-of-the-art manufacturing complex provide efficient access to nearly 1,000 customers in North, Central and South America, with the United States accounting for over 95% of total 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://www.youtube.com/watch?v=qD3AKBv4EkU. 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. Investor Relations: Santiago [email protected]

Tecnoglass delivered above-expectation revenue growth in Q2, with management crediting robust demand across both the single-family residential and multifamily commercial segments. CEO Jose Manuel Daes pointed to a record order backlog and continued geographic expansion as key factors supporting sales momentum. However, the quarter was marked by significant cost pressures, especially from higher U.S. aluminum prices and increased labor costs in Colombia, which led to a sharp decline in operating margins. Management acknowledged the challenge, with CFO Santiago Giraldo highlighting that "this quarter carried nearly a full impact of the new 10% tariff on finished aluminum windows, as well as the effects of a stronger Colombian peso." Is now the time to buy TGLS? Find out in our full research report (it’s free). Revenue: $295.3 million vs analyst estimates of $265.3 million (15.6% year-on-year growth, 11.3% beat) Adjusted EPS: $0.54 vs analyst estimates of $0.52 (3.3% beat) Adjusted EBITDA: $51.73 million vs analyst estimates of $46.73 million (17.5% margin, 10.7% beat) The company slightly lifted its revenue guidance for the full year to $1.1 billion at the midpoint from $1.10 billion EBITDA guidance for the full year is $225 million at the midpoint, below analyst estimates of $226.6 million Operating Margin: 12.4%, down from 24.2% in the same quarter last year Market Capitalization: $1.86 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Julio Romero (Sidoti & Company) asked about the EBITDA guidance reduction, questioning whether currency or aluminum costs were the main drivers. CFO Santiago Giraldo clarified that “FX by far the biggest lever here,” with the Colombian peso’s appreciation being the primary factor. Julio Romero (Sidoti & Company) followed up on gross margin expectations for Q3 given the revenue step-down. Giraldo explained that Q3 would reflect lower revenues due to order pull-forward but benefit from the initial impact of price increases. Julio Romero (Sidoti & Company) asked about the timing of commercial project pricing flowing through results. Giraldo detailed that smaller commercial jobs will see new pricing by year-end, while larger projects will reflect updated pricing in late 2027. Sam Darkatsh (Raymond James) questioned the lack of material share repurchases in Q2. Giraldo attributed this to higher working capital needs from tax payments and aluminum pre-purchasing, noting that cash flow from operations is expected to improve in the second half. Timothy Wojs (Baird) inquired about the underlying demand environment in and outside Florida. CEO Jose Manuel Daes responded that “demand is really high everywhere across the U.S.,” with particularly strong quoting activity in both regions. Looking ahead, the StockStory team will be watching (1) the pace at which price increases and automation savings offset tariff and currency headwinds, (2) signs of continued geographic expansion and dealer network growth outside Florida, and (3) gross margin stabilization as new efficiency measures are implemented. Progress on the potential new U.S. facility and the impact of market demand trends will also be closely tracked. Tecnoglass currently trades at $42.02, down from $47.75 just before the earnings. In the wake of this quarter, is it a buy or sell? The answer lies in our full research report (it’s free for active Edge members). ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren’t just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week’s Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+1,154% between June 2020 and June 2025). Find your next big winner with StockStory today.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved record revenue driven by double-digit growth in both single-family residential and multifamily segments, supported by a record $1.4 billion backlog. Experienced temporary margin pressure due to a 77% year-over-year increase in all-in U.S. aluminum costs and a 14% appreciation of the Colombian peso. Successfully implemented a 10% headcount reduction through June as part of an ongoing automation and efficiency program to structurally lower the cost base. Expanded geographic footprint with Florida now representing 75% of backlog compared to 90% a year ago, reflecting successful penetration into untapped U.S. markets. Maintained a book-to-bill ratio above 1.0x for the 23rd consecutive quarter, signaling sustained demand despite recent pricing actions. Completed corporate redomiciliation to the United States in July to enhance index eligibility and broaden the potential investor base. Anticipate third quarter revenue to step down sequentially from Q2 due to approximately $15 million to $20 million in residential orders pulled forward ahead of May price increases. Expect the full benefit of May pricing actions to begin flowing through in Q3 for residential and late 2026 for light commercial projects. Reiterated commitment to fully offsetting Section 232 tariff impacts by 2027 through realized pricing initiatives and incremental automation savings. Projected 2026 capital expenditures of $80 million to $95 million, including $20 million to $25 million for land acquisition for a potential new U.S. facility. Guidance assumes prevailing high aluminum costs and a stronger Colombian peso, currently at its strongest level since June 2019. Section 232 tariffs on finished aluminum windows added approximately $17 million in SG&A expenses during the second quarter. A 23% minimum wage increase in Colombia at the start of the year contributed to higher labor costs and margin compression. Strategic prepurchasing of U.S.-sourced aluminum impacted second quarter operating cash flow as part of a tariff mitigation and supply chain resilience strategy. The potential U.S. facility project remains in a feasibility stage, with the land purchase intended to preserve optionality for phased construction. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management identified the rapid appreciation of the Colombian peso to 3,200 per dollar as the primary factor, as it moved significantly beyond prior assumptions. Aluminum costs were noted as stable relative to previous estimates, making FX the dominant variable in the revised outlook. Demand was described as "surprisingly high" across the U.S., with specific strength noted in Florida and a strong recovery in the New York market. The company is hiring additional staff specifically to handle the high volume of project quoting activity. Management has pre-bought aluminum for the remainder of the year at flat levels to minimize volatility. The company is currently unhedged on the peso, opting not to enter contracts at 7-year currency highs while waiting for potential normalization. The temporary pause in share buybacks was attributed to seasonal tax payments in Colombia and strategic inventory builds of U.S. aluminum. Management expects improved cash flow from operations in the second half of the year to potentially support further capital returns.

- Record Second Quarter Revenue of $295.3 Million, Up 15.6% Year-Over-Year, With Double-Digit Growth in Both Single-Family Residential and Multi-Family/Commercial - - Net Income of $24.6 Million, or $0.55 Per Diluted Share - - Adjusted Net Income1 of $23.8 Million, or $0.54 Per Diluted Share - - Adjusted EBITDA1 of $51.7 Million, Representing 17.5% of Total Revenues - - Backlog Expanded 15.6% Year-Over-Year to a Record $1.38 Billion - - Strong Balance Sheet for Disciplined Deployment with Total Liquidity of $360 Million - - Returned Value to Shareholders During the Quarter Through $6.7 Million in Dividends - - Implemented Pricing Actions and Automation Initiatives Expected to Benefit Results in Second Half - - Completed U.S. Redomiciliation, Aligning Corporate Structure with U.S. Listing, Enhancing Index Eligibility and Broadening Investor Access - - Updated Full Year 2026 Guidance - Miami, FL, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Tecnoglass Holdings Inc. (NYSE: TGLS) (“Tecnoglass” or the “Company”), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today reported financial results for the second quarter ended June 30, 2026. José Manuel Daes, Chief Executive Officer of Tecnoglass, commented, “We delivered record second quarter revenues, with double-digit growth in both our single-family residential and multi-family and commercial businesses, reflecting healthy demand, continued market share gains and consistent execution across our expanding footprint. Margins developed largely as we outlined last quarter, reflecting elevated aluminum costs, a stronger Colombian Peso and the initial impact of the April enactment of Section 232 tariffs on certain aluminum-based products. We are addressing these dynamics through pricing actions, which began flowing into orders in May, along with logistics optimization and accelerated automation initiatives. We expect these actions to progressively benefit results in the second half of the year as we work toward a more optimized cost position entering 2027. Our first half actions and performance support our confidence in the balance of the year, and we remain focused on creating long-term value for our shareholders.” Christian Daes, Chief Operating Officer of Tecnoglass, added, “Our backlog grew to another record of $1.38 billion, extending our track record of sequential quarter growth since 2021 and reflecting consistent execution on a growing pipeline of multi-family and commercial projects. Our new showrooms, expanding dealer network and vinyl lines continue to gain traction, helping us grow the share of single-family residential revenues generated outside of Florida by several hundred basis points year-to-date. We are making meaningful progress on our automation and efficiency program, which enabled a 10% headcount reduction as of the end of June, with additional automation expected to be operational by year end while preserving our capacity to serve a strong order book. We believe the actions underway are strengthening our cost structure and competitive position for years to come.” Second Quarter 2026 Results Total revenues for the second quarter of 2026 increased 15.6% to a record $295.3 million, compared to $255.5 million in the prior year quarter. Multi-family/commercial revenues grew 15.7% year-over-year to a record $168.8 million, driven by continued strong activity in key markets, including growth in markets beyond Florida. Single-family residential revenues grew 15.4% year-over-year to a record $126.5 million, reflecting continued market share gains and geographic expansion, along with the timing of orders placed ahead of May pricing actions. Changes in foreign currency exchange rates represented a $0.9 million benefit to total revenues in the quarter. Gross profit for the second quarter of 2026 was $110.0 million, representing a 37.3% gross margin, compared to gross profit of $114.3 million, representing a 44.7% gross margin, in the prior year quarter. The year-over-year change in gross margin primarily reflected higher raw material costs as the average all-in U.S. aluminum price, which includes the Midwest premium, increased approximately 77% year-over-year, higher labor costs related to the annual minimum wage adjustment in Colombia at the beginning of the year, a strengthening of the Colombian Peso, which appreciated approximately 14% year-over-year, and approximately $0.7 million in severance costs related to headcount reductions associated with the Company's efficiency and automation initiatives. These impacts were partly offset by operating leverage on higher volume. Pricing actions implemented in May began flowing into orders late in the quarter, with the revenue benefit beginning in the third quarter. Selling, general and administrative expense (“SG&A”) was $73.5 million for the second quarter of 2026 compared to $53.1 million in the prior year quarter. The increase primarily reflected approximately $17.0 million of expenses associated with the recently implemented Section 232 tariffs on finished aluminum window imports, along with higher transportation and commission expenses associated with revenue growth in the quarter. As a percent of total revenues, SG&A was 24.9% for the second quarter of 2026 compared to 20.8% in the prior year quarter, primarily due to the aforementioned factors. Net income was $24.6 million, or $0.55 per diluted share, in the second quarter of 2026 compared to net income of $44.1 million, or $0.94 per diluted share, in the prior year quarter, including a non-cash foreign exchange transaction gain of $5.2 million in the second quarter of 2026 and a gain of $0.8 million in the second quarter of 2025. These non-cash gains and losses relate to the accounting re-measurement of U.S. Dollar-denominated assets and liabilities against the Colombian Peso as the functional currency. Adjusted net income1 was $23.8 million, or $0.54 per diluted share, in the second quarter of 2026 compared to adjusted net income1 of $48.5 million, or $1.03 per diluted share, in the prior year quarter. Adjusted net income1, as reconciled in the table below, excludes the impact of non-cash foreign exchange transaction gains or losses and other non-core items, along with the tax impact of adjustments at statutory rates, which management believes better reflects core financial performance. Adjusted EBITDA1, as reconciled in the table below, was $51.7 million, or 17.5% of total revenues, in the second quarter of 2026, compared to $79.8 million, or 31.2% of total revenues, in the prior year quarter. The change was primarily attributable to the aforementioned factors impacting gross margin and SG&A. Cash Generation, Capital Allocation and Liquidity Cash provided by operating activities for the second quarter of 2026 was approximately $4.4 million, reflecting the seasonal timing of annual income tax payments for the Company's Colombian subsidiaries, tariff-related payments, and continued strategic purchases of U.S.-sourced aluminum as part of the Company's supply chain resilience and tariff mitigation strategy. Capital expenditures of approximately $35.4 million in the quarter included scheduled payments related to previously announced capacity and automation investments. During the quarter, the Company returned capital to shareholders through $6.7 million in cash dividends. As of August 6, 2026, the Company had approximately $92.5 million remaining under its current share repurchase program. The Company ended the second quarter of 2026 with total liquidity of approximately $360.0 million, including $80.8 million of cash and cash equivalents and $280.0 million of availability under its revolving credit facilities, and total debt of $225.4 million. The Company maintains a conservative leverage profile of approximately 0.6x net debt to LTM Adjusted EBITDA¹, providing significant financial flexibility to continue investing in growth initiatives and returning capital to shareholders. Additional Updates Effective July 7, 2026, the Company completed its previously announced redomiciliation from the Cayman Islands to the United States, following shareholder approval at the Annual General Meeting. Tecnoglass is now incorporated in the State of Florida and remains headquartered in Miami, Florida. The Company believes this milestone supports its strategic objectives by simplifying its organizational and regulatory structure, improving the tax efficiency of dividend distributions, and broadening its potential investor base to include investors that are limited to investing in U.S.-domiciled companies. The Company's ordinary shares continue to trade on the NYSE under the symbol TGLS. As previously disclosed, the Company is conducting a feasibility study for the potential construction of a new state-of-the-art facility in the United States. The Company expects to complete the purchase of land for this potential facility by the end of August 2026, which preserves strategic flexibility as due diligence continues and does not represent a commitment to proceed with any construction, which would occur in phases based on factors such as demand, market conditions and return profiles. The Company is also in advanced discussions with state authorities to finalize incentives that would be expected to significantly enhance the potential economics of the proposed project. Additionally, the Company continues to advance its automation and efficiency initiatives, completing a 10% reduction in headcount as of the end of June, with additional automation expected to be operational by year end. Full Year 2026 Guidance Santiago Giraldo, Chief Financial Officer of Tecnoglass, stated, “Based on our first half performance and the visibility provided by our order book, we are narrowing our full year 2026 revenue outlook to a range of $1.08 billion to $1.12 billion, with Adjusted EBITDA in the range of $220 million to $230 million. The revision primarily reflects sustained high aluminum costs and a Colombian peso that has strengthened beyond our prior assumptions, not a change in the demand for our products. We remain encouraged by demand trends and by our ability to grow well above industry rates. Looking ahead, we are committed to fully offsetting the impact of tariffs in 2027, as automation savings and full-year pricing are realized. With a conservative debt leverage profile and strong cash generation, we remain well-positioned to invest in growth while returning capital to shareholders.” Webcast and Conference Call Management will host a webcast and conference call on August 6, 2026, at 10:00 a.m. Eastern time to review the Company’s results. The conference call will be broadcast live over the Internet. Additionally, a slide presentation will accompany the conference call. To listen to the call and view the slides, please visit the Investor Relations section of Tecnoglass’ website at www.tecnoglass.com. Please go to the website at least 15 minutes early to register, download and install any necessary audio software. For those unable to access the webcast, the conference call will be accessible by dialing 1-844-676-5131 (domestic) or 1-412-634-6589 (international). Upon dialing in, please request to join the Tecnoglass Second Quarter 2026 Earnings Conference Call. If you are unable to listen live, a replay of the webcast will be archived on the website. You may also access the conference call playback by dialing 1-844-512-2921 (Domestic) or 1-412-317-6671 (International) and entering passcode: 10210630. About TecnoglassTecnoglass Holdings Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass 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 5.8 million square foot, vertically integrated, and state-of-the-art manufacturing complex provide efficient access to nearly 1,000 customers in North, Central and South America, with the United States accounting for over 95% of total 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://www.youtube.com/watch?v=qD3AKBv4EkU. 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. 1 Adjusted net income (loss) and Adjusted EBITDA in both periods are reconciled in the table below. Investor Relations: Santiago Giraldo / [email protected] Tecnoglass Holdings Inc. and SubsidiariesConsolidated Balance Sheets (In thousands, except share and per share data) Tecnoglass Holdings Inc. and SubsidiariesConsolidated Statements of Operations and Comprehensive Income (In thousands, except share and per share data)(Unaudited) Tecnoglass Holdings Inc. and SubsidiariesConsolidated Statements of Cash Flows (In thousands) / (Unaudited) Revenues by Region(Amounts in thousands)(Unaudited) Reconciliation of Non-GAAP Performance Measures to GAAP Performance Measures(In thousands)(Unaudited) The Company believes that total revenues with foreign currency held neutral, which are not performance measures under generally accepted accounting principles (“GAAP”), may provide users of the Company's financial information with additional meaningful bases for comparing the Company's current results and results in a prior period, as these measures reflect factors that are unique to one period relative to the comparable period. Management uses such performance measures in managing and evaluating the Company’s business. However, these non‑GAAP performance measures should be viewed in addition to, and not as an alternative for, the Company's reported results under accounting principles generally accepted in the United States. Currency impacts on total revenues for the current quarter have been derived by translating current quarter revenues at the prevailing average foreign currency rates during the prior year quarter, as applicable. Reconciliation of Adjusted EBITDA and Adjusted net (loss) income to net (loss) income(In thousands, except share and per share data) / (Unaudited) Adjusted EBITDA and adjusted net (loss) income are non-GAAP performance measures. Management believes Adjusted EBITDA and adjusted net (loss) income, in addition to operating profit, net (loss) income and other GAAP measures, are useful to investors to evaluate the Company’s results because they exclude certain items that are not directly related to the Company’s core operating performance. Investors should recognize that Adjusted EBITDA and adjusted net (loss) income might not be comparable to similarly-titled measures of other companies. These measures should be considered in addition to, and not as a substitute for or superior to, any measure of performance prepared in accordance with GAAP. Reconciliations of the non-GAAP measures used in this press release are included in the tables attached to this press release, to the extent available without unreasonable effort. Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, we have not provided reconciliations for forward-looking non-GAAP measures. Items excluded to arrive at forward-looking non-GAAP measures may have a significant, and potentially unpredictable, impact on our future GAAP results.

Owens Corning (OC) came out with quarterly earnings of $3.93 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $4.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +28.43%. A quarter ago, it was expected that this construction materials company would post earnings of $1.01 per share when it actually produced earnings of $1.22, delivering a surprise of +20.79%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Owens Corning, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $2.76 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.16%. This compares to year-ago revenues of $2.75 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Owens Corning shares have added about 30% since the beginning of the year versus the S&P 500's gain of 13%. While Owens Corning has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Owens Corning was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.46 on $2.7 billion in revenues for the coming quarter and $9.55 on $9.93 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Miscellaneous is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Tecnoglass (TGLS), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This architectural glass maker is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of -49.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Tecnoglass' revenues are expected to be $265.74 million, up 4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Owens Corning Inc (OC) : Free Stock Analysis Report Tecnoglass Inc. (TGLS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Builders FirstSource (BLDR) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -9.30%. A quarter ago, it was expected that this construction supply company would post earnings of $0.39 per share when it actually produced earnings of $0.27, delivering a surprise of -30.77%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Builders FirstSource, which belongs to the Zacks Building Products - Retail industry, posted revenues of $3.86 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.23%. This compares to year-ago revenues of $4.23 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Builders FirstSource shares have lost about 34.1% since the beginning of the year versus the S&P 500's gain of 6.9%. While Builders FirstSource has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Builders FirstSource was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.68 on $3.99 billion in revenues for the coming quarter and $4.16 on $14.71 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Retail is currently in the bottom 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Tecnoglass (TGLS), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This architectural glass maker is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of -49.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Tecnoglass' revenues are expected to be $265.74 million, up 4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report Tecnoglass Inc. (TGLS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Miami, FL, July 21, 2026 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced it will release financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a webcast and conference call that same day at 10:00 a.m. Eastern time to review the Company’s results. Webcast and Conference Call The conference call will be broadcast live over the Internet. Additionally, a slide presentation will accompany the conference call. To listen to the call and view the slides, please visit the Investors section of Tecnoglass' website at www.tecnoglass.com. Please go to the website at least 15 minutes early to register, download and install any necessary audio software. For those unable to access the webcast, the conference call will be accessible by dialing 1-844-676-5131 (domestic) or 1-412-634-6589 (international). Upon dialing in, please request to join the Tecnoglass Second Quarter 2026 Earnings Conference Call. To listen to a telephonic replay of the conference call, dial toll-free 1-844-512-2921 (domestic) or 1-412-317-6671 (international) and enter pass code 10210630. About Tecnoglass Tecnoglass Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass 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 5.8 million square foot, vertically integrated, and state-of-the-art manufacturing complex provide efficient access to nearly 1,000 customers in North, Central and South America, with the United States accounting for 95% of total 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. Investor Relations: Santiago [email protected]

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Tecnoglass (NYSE:TGLS) and the rest of the building materials stocks fared in Q1. Traditionally, building materials companies have built competitive advantages with economies of scale, brand recognition, and strong relationships with builders and contractors. More recently, advances to address labor availability and job site productivity have spurred innovation. Additionally, companies in the space that can produce more energy-efficient materials have opportunities to take share. However, these companies are at the whim of construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. Additionally, the costs of raw materials can be driven by a myriad of worldwide factors and greatly influence the profitability of building materials companies. The 9 building materials stocks we track reported a mixed Q1. As a group, revenues beat analysts’ consensus estimates by 1.4% while next quarter’s revenue guidance was 2.5% below. In light of this news, share prices of the companies have held steady as they are up 2.5% on average since the latest earnings results. The first-ever Colombian company to trade on the NASDAQ, Tecnoglass (NYSE:TGLS) is a manufacturer of architectural glass, windows, and aluminum products. Tecnoglass reported revenues of $249 million, up 12% year on year. This print exceeded analysts’ expectations by 2.7%. Overall, it was a satisfactory quarter for the company with full-year EBITDA guidance exceeding analysts’ expectations but a significant miss of analysts’ adjusted operating income estimates. Tecnoglass delivered the weakest full-year guidance update of the whole group. Interestingly, the stock is up 2.9% since reporting and currently trades at $45.34. Is now the time to buy Tecnoglass? Access our full analysis of the earnings results here, it’s free. Founded in 1909, Vulcan Materials (NYSE:VMC) is a producer of construction aggregates, primarily crushed stone, sand, and gravel. Vulcan Materials reported revenues of $1.76 billion, up 7.4% year on year, outperforming analysts’ expectations by 5.8%. The business had a stunning quarter with a solid beat of analysts’ EBITDA estimates. Vulcan Materials delivered the biggest analyst estimate beat among its peers. The market seems happy with the results as the stock is up 5.5% since reporting. It currently trades at $307.41. Is now the time to buy Vulcan Materials? Access our full analysis of the earnings results here, it’s free. Beginning as a lumber supplier in the 1950s, UFP Industries (NASDAQ:UFPI) is a holding company making building materials for the construction, retail, and industrial sectors. UFP Industries reported revenues of $1.46 billion, down 8.4% year on year, falling short of analysts’ expectations by 3.5%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income estimates. UFP Industries delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 2.7% since the results and currently trades at $90.40. Read our full analysis of UFP Industries’s results here. Widely known for its success in the paint industry, Sherwin-Williams (NYSE:SHW) is a manufacturer of paints, coatings, and related products. Sherwin-Williams reported revenues of $5.67 billion, up 6.8% year on year. This result beat analysts’ expectations by 2.1%. Zooming out, it was a satisfactory quarter as it also logged a beat of analysts’ EPS estimates but full-year EPS guidance meeting analysts’ expectations. The stock is flat since reporting and currently trades at $334.30. Read our full, actionable report on Sherwin-Williams here, it’s free. Originally founded as Carlisle Tire and Rubber Company, Carlisle Companies (NYSE:CSL) is a multi-industry product manufacturer focusing on construction materials and weatherproofing technologies. Carlisle reported revenues of $1.05 billion, down 4% year on year. This number lagged analysts’ expectations by 1.1%. Aside from that, it was a satisfactory quarter as it also recorded an impressive beat of analysts’ adjusted operating income estimates but a slight miss of analysts’ organic revenue estimates. The stock is up 4.1% since reporting and currently trades at $378.61. Read our full, actionable report on Carlisle here, it’s free. Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. 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Miami, FL, June 10, 2026 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced that its Board of Directors has declared a quarterly dividend of $0.15 per share, or $0.60 per share on an annualized basis, for the second quarter of 2026. Shareholders of record as of the close of business on June 30, 2026 will be paid a dividend of $0.15 on July 31, 2026. About TecnoglassTecnoglass Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass 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 5.8 million square foot, vertically integrated, and state-of-the-art manufacturing complex provide efficient access to nearly 1,000 customers in North, Central and South America, with the United States accounting for 95% of total 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. Investor Relations:Santiago [email protected]

Image source: The Motley Fool. Thursday, May 7, 2026 at 10 a.m. ET Chief Executive Officer — Jose Manuel Daes Chief Operating Officer — Christian Daes Chief Financial Officer — Santiago Giraldo Jose Daes: Thank you, Brad, and thank you, everyone, for participating on today's call. We are pleased with how our business performed to start 2026 and more importantly, with our positioning heading into the rest of the year. The demand environment for our products is favorable. Our backlog is at a record level and order activity across both our commercial and single-family residential businesses continues to build momentum. The fundamentals of what we do, the quality of our products, our vertically integrated model and our customer relationships are as strong as they have ever been. That underlying momentum is important context for how we view the recent trade policy changes affecting aluminum-containing imports. The trade policy changes do not change our competitive position in the market, and they do not reflect any softening in demand for our products. We have been preparing for and navigating a dynamic cost and trade environment for a handful of years now. We have invested in our supply chain to structure our sourcing and built a platform with the flexibility to adapt. Our industry-leading cost structure and vertically integrated model allows us to respond to these changes with more agility than most competitors. We have implemented pricing actions and remain confident in our ability to execute these increases while preserving our competitive position. We are confident in our trajectory because we are not just reacting to macro conditions. We are investing in the long-term growth of the business. Our vinyl expansion and geographic expansion are gaining traction. We are opening new showrooms and entering new geographies. Projects outside of Florida accounted for almost 1/4 of the total backlog as of the end of the first quarter. We are advancing the U.S. re-domiciliation, which will further align our corporate structure with where we operate and invest. And we continue to evaluate the potential construction of a new U.S. facility based on the potential returns and market conditions meeting our thresholds. If we decide to move forward, this automated facility will expand capacity, improve lead times and position us for expansion opportunities we do not fully serve today while expecting to preserve a strong margin profile. We have built Tecnoglass over many years by focusing on product quality, customer service and operational excellence. Our business generates strong cash flow, and we remain committed to returning capital to shareholders while investing in growth initiatives that will drive long-term value. We are confident in our ability to deliver on our full year objectives and continue building long-term value for our shareholders. I will now turn the call over to Chris to provide additional operating highlights. Christian Daes: Thank you, Jose Manuel. Moving to Slide #5 and 6. Our backlog grew 19.1% year-over-year to a record $1.36 billion. Multifamily and commercial revenues up 20.4% year-over-year to a record $160.5 million, reflecting consistent execution on an expanding project pipeline and market share gains. Our backlog has grown sequentially every quarter since 2021, and our book-to-bill ratio of 1.3x extends our track record to 21 consecutive quarters above 1.1x. We have virtually no project cancellations as we install windows in buildings already well advanced in construction. In recent years, our mix has shifted toward larger high-end projects such as luxury condominiums and upscale lodging, which are less sensitive to interest rate fluctuations. Our growing geographic diversification also reduces regional concentration risk. Moving to Slide #7. Single-family residential revenues were essentially flat year-over-year in the first quarter, mainly reflecting the timing of invoicing. Demand was better represented by orders, which grew 3.4% year-over-year and 14.1% sequentially with additional momentum into April. Approximately 65% of our single-family revenues are tied to repair and remodel demand, which is more resilient and less correlated with mortgage rates. This provides a more stable demand base regardless of new construction activity. We see multiple avenues to continue gaining share. Our dealer network has expanded over 20% in the last 12 months. Our vinyl line continues to gain traction with robust quoting activity as evidenced by the highest monthly order level to date in April. Our Los Angeles showroom is on track to open in the coming weeks, bringing our legacy light aluminum window line to the Southwest market and marking our fifth showroom outside of Florida and seventh overall. Turning to Slide #8. Despite a muted residential market, Tecnoglass has consistently outperformed industry benchmarks with our single-family revenues growing at a roughly 40% organic CAGR since entering the market in 2018. This outperformance comes even as the national residential construction spending and remodeling activity have remained muted during the last couple of years. We are well positioned to continue performing. Our business and geographic penetration strategy is concentrated in regions which are projected to lead residential construction and spending growth in 2026. Combined with our expanding dealer base, new showroom openings and the ongoing vinyl ramp, this underpins our confidence in achieving double-digit revenue growth guidance, which is well above expected end market growth expectations. I will now turn the call over to Santiago to discuss our financial results and full year outlook. Santiago Giraldo: Thank you, Christian. Turning to the drivers of revenue on Slide #10. Total revenues for the first quarter increased 12% year-over-year to a first quarter record of $249 million. The growth was driven by positive momentum in our multifamily and commercial business, which grew 20.4% year-over-year, reflecting strong execution on our record backlog and market share gains. This was partially offset by roughly flat single-family residential revenues, mainly reflecting the timing of order conversion into revenue with modest invoicing in January and February, giving away to a strong pickup in March and continued positive momentum into April. Looking at the profit drivers on Slide #11. Adjusted EBITDA for the first quarter of 2026 was $61.5 million, representing an adjusted EBITDA margin of 24.7% compared to $70.2 million or 31.6% in the prior year quarter. First quarter gross margin was 38.5% compared to 43.9% in the prior year quarter. The year-over-year decline reflected the continuation of several dynamics that persisted into 2026, an unfavorable revenue mix from a higher proportion of installation revenues in commercial and multifamily, elevated U.S. aluminum costs with aluminum LME plus U.S. premium spot rates increasing approximately 48% year-over-year and a 12% year-over-year appreciation of the Colombian peso further pressured margin. We also realized higher salary expenses related to the annual salary adjustments at the beginning of the year. These headwinds were partially offset by stronger pricing and operating leverage on higher volume. SG&A for the first quarter was 20.4% of revenue compared to 19.1% of revenue in the prior year quarter. The increase primarily reflected aluminum and reciprocal tariff expenses, higher personnel expense from annual salary adjustments at the beginning of the year and a stronger peso during the period, higher transportation and commission expenses associated with revenue growth. We also had a onetime $2.9 million expense related to a government-imposed wealth tax on large companies in Colombia to address a government declared climate-related emergency. We provide a closer look at the margin dynamics on Slide #12, namely aluminum and FX. With respect to aluminum, it is important to distinguish between 2 separate dynamics. The first is the escalation in underlying aluminum cost, which was the primary driver of margin pressure in the first quarter. Global aluminum LME rates and U.S. Midwest premiums reached record highs during the quarter, increasing approximately 48% year-over-year and creating industry-wide cost pressure. The second dynamic is the 10% Section 232 tariff on finished aluminum window imports, which was enacted April 2026 after the close of the first quarter. We are proactively addressing this new tariff through pricing actions effective on early May orders and are advancing additional operational efficiencies, including logistics optimization, increased automation and headcount rationalization to further mitigate the impact as we move through the year and expect to fully neutralize it in 2027. Looking at the foreign exchange dynamics, the Colombian peso appreciated approximately 12% year-over-year. Given that approximately 25% of our costs are peso-denominated, primarily representing labor cost, this appreciation pressured margins, compounded by annual salary adjustments in Colombia at the beginning of the year. On average, a 5% movement in the Colombian peso impacts our gross margins by approximately 110 basis points. To partially mitigate the exposure, we executed additional hedges during the quarter on a portion of our Colombian peso exposure and will continue to be opportunistic in adding incremental coverage throughout 2026. Now examining our cash flow and balance sheet on Slide #13 and 14. First quarter operating cash flow of $6.7 million reflected a strategic decision to secure approximately $34 million of U.S. sourced aluminum as part of our tariff mitigation and supply chain resilience strategy, which is expected to provide cost benefits in the middle of the year. Capital expenditures of $17.3 million in the quarter included scheduled payments on previous investments and early investments on additional automation. Our balance sheet remains solid. Total liquidity of approximately $425 million at quarter end, including over $330 million of availability under our revolving credit facility. We have no significant debt maturities until the end of 2030. With net debt to LTM adjusted EBITDA approximately 0.4x, we maintain a conservative leverage profile that provides significant financial flexibility to continue investing in growth and returning capital to shareholders. Our disciplined investments in operational excellence and our vertically integrated platform have consistently delivered superior returns relative to the broader industry, supported by our leading profitability and working capital management. These strengths continue to generate sustainable cash flow and shareholder value while preserving financial flexibility to pursue additional growth opportunity. Consistent with that approach, we are pleased to have returned substantial capital to shareholders during the first quarter. We repurchased approximately $16.5 million in shares under our $250 million program with approximately $92.5 million of remaining repurchase capacity as of May 7, 2026, and paid $6.7 million in dividends, returning a combined $23.2 million to shareholders during the quarter. Now moving to our outlook on Slide 16. Our first quarter 2026 performance came in line with our expectations, supported by record revenues, all-time high backlog of $1.36 billion and positive momentum across both our residential and commercial platforms. Based on the strength of our top line results and the visibility provided by our backlog order trends, we are reaffirming our full year 2026 guidance. We expect revenue in the range of $1.06 billion to $1.13 billion and adjusted EBITDA in the range of $225 million to $245 million. This is unchanged from our guidance communicated in April, which incorporated the incremental impact of the recently enacted 10% tariff on finished aluminum window imports into the U.S. With our guidance range, the primary factors remain the timing of project invoicing from our commercial backlog, the pace of residential market recovery, execution in new geographies and vinyls and the trajectory of aluminum cost and foreign exchange. The high end of the range assumes a more constructive demand and cost backdrop, while the low end contemplates a more measured recovery and continued pressure from the current aluminum and FX conditions. Importantly, both scenarios assume continued market share gains, strong backlog execution and disciplined cost management across the business. Our May price increase is expected to begin contributing to results by early July, providing a meaningful mitigation to the tariff headwinds already discussed. As we execute on our pricing and efficiency initiatives throughout the year, we see potential for additional margin expansion as we move through the year and see a clear path to full neutralization of the tariff impact 2027 when full year pricing across both businesses and incremental automation savings are expected to fully offset the tariff-related headwinds. We expect another year of strong cash generation, albeit with more use of working capital given upcoming tariff payments, strategically securing U.S. aluminum ahead of production times and longer cash conversion cycles given the increase in installation work, which has less upfront payments and more retainage. As in years past, the second quarter of the year is expected to have the seasonal impact related to income tax payments for our Colombian-based subsidiary. Capital expenditures are projected to be in the range of $60 million to $70 million, which includes maintenance CapEx at approximately 1% of revenues, plus planned investments in efficiency initiatives and amortization payments of previous investments. Separately, we expect to invest approximately $20 million to $25 million for the purchase of the land related to the potential new U.S. facility, which we would plan to finance with our available credit facilities. Executing the land purchase now preserves our optionality as the feasibility study continues, and we have already secured substantial state and local tax credits that would significantly enhance project economics. If we decide to move forward with construction, the project would proceed in phases, with each stage evaluated based on demand trends, return profiles and overall market conditions. We would only move forward if the project meets our high return thresholds. In conclusion, our results demonstrate the durability of our business model and the strength of our competitive position, even as we navigate a dynamic operating environment. We are executing on a record backlog, gaining share in new and existing geographies, building momentum in vinyl and taking targeted pricing and operational actions to mitigate tariff headwinds. With a record backlog, a growing national presence in single-family residential and a solid balance sheet, we remain confident in our ability to deliver on our full year objectives and outperform the market for years to come. With that, we will be happy to answer your questions. Operator, please open the line for questions. Operator: [Operator Instructions] The first question comes from Rohit Seth with B. Riley. Rohit Seth: Just on the price increase, are you seeing your competitors also raising prices? And what gives you confidence that it's going to be the take rate from competitors? Jose Daes: Yes. Everybody has raised prices because of the increases in aluminum and the increases in glass. All the products that we buy to make the windows are subject to increases due to the oil and gas increases. So everybody has raised prices, some more than us and a couple a little less than us. Rohit Seth: Okay. And then on the aluminum, it looks like you built some inventory. I imagine that's the aluminum. How are you positioned now going into the second half on aluminum? Santiago Giraldo: Right now, Seth, we're buying it on the spot. And if you kind of listen to what we said a couple of weeks ago when we reguided, we also baked in the impact of higher than the beginning of the year pricing, right? So at this point in time, we're buying it at spot, even though it has gone up roughly 12% since the beginning of the year. That's already baked into projections. Operator: Your next question comes from Julio Romero with Sidoti & Co. Julio Romero: Can you guys expand on how April has trended since you guys have announced price increases, as competitors have announced price increases and specifically with regards to customer receptivity and how they're managing through rising input costs on their end? Are they changing anything from order size or project scope, both on the residential and the commercial side? Santiago Giraldo: Well, April was extremely strong. And as you saw in the press release, obviously, you see some orders of clients anticipating the price increase that took place in May 4. I think what we'll be telling is how orders continue to trend in May. So far, so good. Nothing really to speak of in terms of drop in demand, but April was abnormally high. I mean, we're talking about 40% more of a normal month. But obviously, some of that is pulled forward of orders that probably would have taken place in May and June. Julio Romero: Helpful. And where are you guys on the U.S. re-domiciling? Is that -- I guess, that's expected to close in the second quarter? Santiago Giraldo: Yes. The expectation is that, that will be done by mid-June. Proxy cards should be going out for voting likely around mid- to end of May. And effectively, we should be re-domiciled if the vote goes through by the middle of June. Operator: [Operator Instructions] Your next question comes from Tim Wojs with Baird. Timothy Wojs: Maybe just to start, just kind of just big picture question. Obviously, the tariffs, I think, obviously surprised you, surprised the market. You guys obviously still have a pretty meaningful cost advantage even with the tariffs in the marketplace. And I'm just kind of curious, as you've talked to your customers and these have obviously kind of come into the market, have you noticed any change from your perspective in terms of share gains or just kind of incrementally working with customers? I'm just kind of curious if the tariff dynamic has really changed your position in the market at all or not? Jose Daes: No, not at all. I mean everybody has raised their prices and the raising of the prices came from a local competitor or local competitors before we did it. We follow the trend. We were going to absorb the tariff if nobody else increases the prices to keep competitive and not lose market share. But on the contrary, we -- everybody raised the prices, and we have gained market share, and we're going to keep gaining market share. Now as we said on the press release, around 20% to 25% of all our sales are outside Florida. That's going to keep gaining momentum, and we hope in a year or 1.5 years from now, 50% of the growth is going to be outside of Florida. And we're doing really good. I mean, our product mix is great. Our service is great. The customers love the performance. So we plan to keep gaining market share for sure. Christian Daes: And this is Christian. And we also plan to make up for the tariffs with more volume and also with cost -- cutting costs. We have implemented a program to cut our costs significantly in the next few months. And we'll be -- by the end of the year, we'll be back to the levels of profitability that we have before. Timothy Wojs: Okay. That's really helpful. And then Santiago, just I was hoping maybe you could kind of dial in Q2 for us maybe a little bit, just given, obviously, the tariffs are kind of coming into the P&L. And I think typically, you do see kind of a step-up in revenue just from a seasonality perspective. So any kind of broad kind of comments on how we should think about the model for the second quarter, please? Santiago Giraldo: Yes. As we have discussed previously, you're going to have a quarter in which you have the impact of the newly established tariffs, but yet you don't have the impact of the pricing actions that took place in May, right? So you're going to have a step down Q2 just based on the fact that you have the incremental costs associated with tariffs, but the offsetting on pricing starts taking place in late June, early July, right? So from that perspective, you will see a step down, albeit at a higher revenue base. And essentially, as you saw in the press release, we saw acceleration in terms of revenues and orders in March, and we're seeing that in April as well. So we're seeing a step-up in revenues. On the backlog side, obviously, we know where we are, and you saw what happened with the commercial construction segment growing 20%. We expect that trend somewhat to continue. And on the resi side, we did see acceleration at the end of Q1 and beginning of Q2. So from a top line perspective, we're expecting Q2 to be higher than Q1. You will have the impact, however, of the tariffs not being fully offset by pricing on this quarter, but that will be partially offset in Q3 once orders placed in May start hitting P&L. Timothy Wojs: Okay. And then mechanically, the tariffs fall, I believe, for you in SG&A. So do you -- would you actually see gross profit pick up a little bit sequentially and then kind of offset by the higher SG&A, so EBITDA actually goes down? Santiago Giraldo: I think it's going to be more or less in line. You will have some impact of higher aluminum cost that wasn't prebought. Remember that we were expecting aluminum to cover us through May. So you're going to have aluminum flowing through the P&L at newly spot prices, not at the levels that we bought it earlier in the year. So I think that probably balances out, and we end up with somewhat similar gross profit margins. If we're able to get more operating leverage on higher sales, maybe a little bit higher. But I would say base case, we end up around the 39% gross margin profile. Operator: This concludes our question-and-answer session. I would like to turn the conference over to Jose Manuel Daes for closing remarks. Jose Daes: Well, thanks, everybody, for participating on today's call. We are doing our best to keep growing and having the best margins in the industry and wait for the better news. Thank you. Operator: Thank you. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. Before you buy stock in Tecnoglass, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Tecnoglass wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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