Tecnoglass Inc. has recently released its 10-Q report, detailing its financial performance and operations. The company, founded in 1983 and based in Barranquilla, Colombia, specializes in manufacturing, supplying, and installing architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. Tecnoglass offers a wide range of glass products, aluminum products, and architectural systems under various brand names and serves a diverse clientele including developers, general contractors, and installers for various types of buildings.
The 10-Q report includes a detailed discussion of the company's financial condition and results of operations. In the third quarter of 2025, Tecnoglass reported operating revenues of $260.5 million, representing a 9.3% increase from the same period in 2024. The growth was primarily driven by strong activity in the U.S. market, with revenues increasing by 8.0% year over year to $246.4 million. Additionally, higher residential revenues and increased revenues from Latin America and the Caribbean contributed to the overall growth.
Gross profit for the third quarter of 2025 amounted to $111.3 million, reflecting a 1.9% increase from the same period in 2024. However, the gross profit margin was 42.7%, down from 45.8% in the third quarter of 2024, primarily due to higher raw material costs, a stronger Colombian Peso, and an unfavorable revenue mix.
Operating expenses for the quarter ended September 30, 2025, increased by 13.9% to $47.3 million compared to the same period in 2024. The increase was attributed to recent tariffs on imports into the U.S. and higher selling, general, and administrative expenses related to incremental revenues.
Non-operating income, net, totaled $1.0 million for the third quarter of 2025, compared to $1.4 million in the same period in 2024. The company also recorded a foreign currency transaction gain of $1.9 million during the third quarter of 2025.
Furthermore, Tecnoglass reported a net income of $47.2 million for the third quarter of 2025, slightly lower than the $49.5 million in the same period in 2024. The company attributed the decrease to various factors, including increased expenses and changes in interest expense and deferred cost of financing.
Today the company's shares have moved -5.17% to a price of $49.73. If you want to know more, read the company's complete 10-Q report here.
