Tecnoglass Earnings Report Looms: Will Revenue Growth Slow?
Glass and windows manufacturer Tecnoglass (NYSE: TGLS) is set to release its earnings report on Thursday before the market opens. The company's previous quarter was a strong one, with revenues of $249 million, up 12% year over year.
Last quarter, Tecnoglass beat analysts' revenue expectations and exceeded EBITDA guidance. This time around, investors are expecting a more modest increase in revenue, at 3.8% year on year.
Tecnoglass's peers in the building materials segment have already reported their Q2 results, with Carlisle delivering an 8.3% year-over-year revenue growth and Sherwin-Williams reporting revenues up 7.5%. Both companies beat analysts' expectations.