Tecnoglass Inc. (TGLS) SEC Filings & Earnings Calls

Tariff exposure

“Tariffs on imports into the U.S. which generated a total expense of $18.7 million during the second quarter of 2026, an increase of $10.6 million or 129.2% year over year” · word for word

Input cost inflation

“The gross profit margin during the three months ended June 30, 2026, was 37.3%, compared to 44.7% during the second quarter of 2025, primarily driven by higher input costs associated with increasing aluminum prices” · word for word

Labor cost inflation in Colombia

“higher salaries given the one-time double digit minimum wage increase put in place in Colombia at the beginning of 2026” · word for word

Currency headwind

“a stronger local currency year over year, impacting our local currency costs on a comparable basis.” · word for word

Input cost inflation: Aluminum prices up ~77% YoY, Colombian Peso appreciation ~14% YoY, and Section 232 tariffs pressuring margins.

“The year-over-year change in gross margin primarily reflected higher raw material costs as the average all-in U.S. aluminum price, which includes the Midwest premium, increased approximately 77% year-over-year.” · word for word

Tariff cost pressure: Section 232 tariffs on finished aluminum window imports added ~$17M in SG&A expenses in Q2.

“The increase primarily reflected approximately $17.0 million of expenses associated with the recently implemented Section 232 tariffs on finished aluminum window imports.” · word for word

Potential changes in shareholder rights and tax considerations due to new jurisdiction.

“A summary description of the Common Stock, including key differences between the rights of the Company’s shareholders under Cayman law and Florida law, is included.”

Aluminum Price Inflation

“higher input costs associated with increasing aluminum prices” · word for word

Colombian Wage Inflation

“higher salaries given the one-time double digit minimum wage increase put in place in Colombia at the beginning of the year” · word for word

Tariff Uncertainty

“procure a stock of U.S. sourced aluminum as part of our tariff mitigation strategy” · word for word

Currency Appreciation

“stronger local currency year over year, impacting our local currency costs on a comparable basis” · word for word

Tariff input cost pressure from elevated US aluminum costs

“higher raw material costs associated with elevated U.S. aluminum costs, which represented an incremental headwind of approximately $6.4 million in the quarter” · word for word

Colombian Peso strengthening and wage inflation

“higher salary expenses related to annual minimum wage adjustments in Colombia ... strengthening of the Colombian Peso” · word for word

New 10% U.S. tariff on finished aluminum window imports creates significant cost headwind, reducing Adjusted EBITDA by $50M.

“10% tariff on finished aluminum window products imported into the U.S.; incremental $50 million net impact on Adjusted EBITDA.” · word for word

Single facility concentration in Colombia

“We currently operate the vast majority of our business from a single production facility in Barranquilla, Colombia. Due to the lack of diversification in our assets and geographic location, an adverse development at or impacting our facility or in local or regional economic or political conditions could have a significantly greater impact on our results of o” · word for word

Colombia sovereign credit downgrade risk

“During 2025, Moody’s, S&P and Fitch, three of the main rating agencies worldwide, downgraded Colombia’s credit profile due to weakening public finances, with Moody’s lowering its rating to “Baa3” while keeping a stable outlook as fiscal metrics deteriorated beyond original plans, S&P cutting its sovereign rating to “BB” with a negative look, and Fitch also d” · word for word

Raw material price volatility

“The cost of raw materials included in our products, including aluminum extrusion and polyvinyl butyral, are subject to significant fluctuations derived from changes in price or volume.” · word for word

Aluminum cost inflation and tariff exposure pressuring margins.

“higher raw material costs related to near all-time high U.S. aluminum costs; approximately $4.4 million in aluminum and reciprocal tariffs on standalone component sales” · word for word

Colombian Peso strengthening impacting costs and FX translation.

“strengthening of the Colombian Peso during the quarter; non-cash foreign exchange transaction gain of $1.6 million” · word for word

Softer macroeconomic conditions affecting single-family residential timing.

“softer macroeconomic conditions; challenging prior year comparisons”

Concentrated insider control

“ENERGY HOLDING CORPORATION 20,210,090 │ (3) 43.0 │ %” · word for word

Related-party transaction exposure

“We sold $1.1 million to Alutrafic Led SAS ... We sold $1.2 million to Prisma-Glass LLC ... we purchased $31.3 million from Vidrio Andino in 2024” · word for word

No equity-based long-term incentives for executives

“As of December 31, 2024, we had not granted any share options, share appreciation rights or any other awards under long-term incentive plans to any of our executive officers.” · word for word

Tariff cost pressure on margins

“The increase was mainly driven by recent Tariffs on imports into the U.S. which generated $13.7 million expense” · word for word

Colombian Peso appreciation risk

“a stronger Colombian Peso and an unfavorable revenue mix... also negatively impacted gross margins year over year” · word for word

Labor cost inflation in Colombia

“a 9.5% increase in minimum wages set at the beginning of 2025, coupled with the aforementioned strengthening of the Colombian Peso, also negatively impacted gross margins year over year” · word for word

Revenue mix shift to lower-margin installation services

“an unfavorable revenue mix, as commercial revenues with installation services rose year over year as we execute on our growing backlog of projects with installation” · word for word

Interest rate swap accounting complexity

“Following the discontinuation of hedge accounting for the interest rate swap contracts, changes in the fair value of these instruments, as well as ongoing periodic settlements on these instruments, are now recognized directly through earnings within Derivative financial instruments gain (loss).” · word for word

Aluminum cost inflation and tariff exposure

“Higher raw material cost related to all-time high premiums for U.S. aluminum, and approximately $3.1 million in aluminum tariffs on standalone component sales.” · word for word

Foreign exchange headwinds from Colombian Peso revaluation

“Revaluation of the Colombian Peso during the quarter contributed to gross margin pressure and non-cash FX gains.” · word for word

Unfavorable revenue mix from higher installation revenue

“Unfavorable revenue mix on a higher amount of installation revenue contributed to gross margin decline.” · word for word