The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Tecnoglass (NYSETGLS) and the rest of the building materials stocks fared in Q3.
The past six months have been a windfall for Tecnoglass’s shareholders. The company’s stock price has jumped 55.8%, hitting $78.89 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Valmont (NYSEVMI) and its peers.
Looking back on building materials stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Armstrong World (NYSEAWI) and its peers.
Glass and windows manufacturer Tecnoglass (NYSETGLS) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 13.1% year on year to $238.3 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $890 million at the midpoint. Its non-GAAP profit of $1.08 per share was 8% above analysts’ consensus estimates.
Glass and windows manufacturer Tecnoglass (NYSETGLS)
will be announcing earnings results tomorrow before market hours. Here’s what investors should know.
Tecnoglass Inc. manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally.
