Feed / TGLS

Tecnoglass Holdings Inc.

TGLS

Basic Materials · 38.09 -0.8% today

Participation confirmed · construction unavailableMarket checked 11 Sept, 15:55 GMT-4

Market read

Tecnoglass Holdings Inc.'s move is spreading beyond its market group.

No new filing conclusion is available. 5 of 18 group members are active now; 3 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company-0.8% todayVolume comparison unavailable
Market group5 of 18 activeHousing Construction · inactive
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • At least 12 of 18 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • QXO remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 6 of 18 members or fewer.

Watch this read

Research brief

The story so far

Basic Materials · Building Materials

No new filing conclusion is available. 5 of 18 group members are active now; 3 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 12 of 18 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • QXO remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements46
Verified relationships3
Evidence supporting the case
  • Latest annual revenue changed +10.5% year over year.
  • Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Operating margin changed -2.0 percentage points in the latest annual period.
  • Net margin changed -1.9 percentage points in the latest annual period.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

38.09
6m-15.6%12m-47.5%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$496.8M+31.9%$1.43+2.8%
2022-12-31$716.6M+44.2%$3.27+0.0%
2023-12-31$833.3M+16.3%$3.85-0.3%
2024-12-31$890.2M+6.8%$3.43-1.1%
2025-12-31$983.6M+10.5%$3.42-0.7%

What management says matters

Persistent and emerging business drivers

Demand and volumepositive · 4 filings
In terms of end markets, the increase was driven by strong growth in the US commercial market, up 20.4% or $25.1 million year over year as we continue to execute on our growing project backlog and market share gains, while US residential market sales was rela…
10-Q · May 8, 2026
Tariffs and trade policymixed · 4 filings
These increases were partially offset by a $1.9 million recovery of previously paid import tariffs recorded as a reduction to selling expense during the three months ended March 31, 2026 on certain products imported to the United States under the Internationa…
10-Q · May 8, 2026
Input and raw-material costsmixed · 3 filings
The gross profit margin during the three months ended March 31, 2026, was 38.5%, compared to 43.9% during the first quarter of 2025, primarily driven by higher input costs associated with increasing aluminum prices, as well as higher salaries given the one-ti…
10-Q · May 8, 2026
Credit and interest ratesnegative · 2 filings
Interest Expense Interest expense and deferred cost of financing decreased by $1.1 million, or 18.2%, to $4.9 million for the nine months ended September 30, 2025, from $5.9 million in the prior-year period, primarily reflecting the $30 million voluntary prep…
10-Q · Nov 7, 2025

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

38.09-0.8% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for TGLS. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for TGLS. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind TGLS

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

PPGPPG Industries, Inc.supplierMar 2, 2026

Tecnoglass is also the only company in Latin America authorized by PPG Industries and Guardian Industries to manufacture floating glass facades.

CODGFFiling-linked nameinvesteeMar 2, 2026

Long Term Investments Saint-Gobain Joint Venture In 2019 we entered into a joint venture agreement with Compagnie de Saint-Gobain S.A.

BSBKFiling-linked nameinvesteeMar 2, 2026

On May 3, 2019, we acquired an approximately 25.8% minority interest in Vidrio Andino’s float glass plant in the outskirts of Bogota, Colombia in connection with our joint venture agreement with Saint-Gobain.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

TGLS is currently a Participant in the organic co-movement group Housing Construction. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.