Tecnoglass Q3 net income falls 52% year over year to $22.75 million
TGLS•Tecnoglass’ third-quarter 2026 net income fell 52% year over year to $22.75 million, while revenue rose 19% to a record $310.6 million. The company raised its full-year revenue outlook to $1.1 billion–$1.14 billion.
1. Quarterly results
Tecnoglass reported third-quarter 2026 net income of $22.75 million, down 52% year over year. Revenue rose 19% to a record $310.6 million, driven by market share gains and geographic expansion.
2. Margins and outlook
Gross margin narrowed 8.6 percentage points year over year to 34.1%, primarily due to a stronger Colombian peso. Backlog increased 13% to a record $1.43 billion, and the company raised its full-year 2026 revenue outlook to $1.1 billion–$1.14 billion. A newly opened Los Angeles showroom supported geographic expansion.
