Tecnoglass posted record sales in 2022 of $176.6 million

Tecnoglass posted record sales in 2022 of 6.6 million

The Barranquilla company reported that gross profit was 72.5% and reached USD 349.5 million, with a gross margin of 48.8%, compared to USD 202.6 million in 2021 (gross margin of 40.8%).

Operating income was USD 226.4 million, compared to USD 117.0 million a year earlier. In turn, net income was $156.4 million, or $3.28 per diluted share, while in 2021 it was $68.4 million, or $1.44 per diluted share. Adjusted Ebitda for 2022 was USD 265.7 million, or 37.1% of sales.

Christian Days, Chief Operating Officer of Tecnoglass, said: “Building on our strong momentum in 2022, we are pleased to have delivered record fourth quarter and full year results. This is largely due to our many years of efforts to establish our presence in the highly profitable single-family housing market and to take advantage of the recovery in business activity.”

Source: El heraldo

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