economy
May 8, 2026
Tecnoglass Accumulates an Order Backlog of US$1.36 Billion, Equivalent to $5 Trillion, Its Highest Level
Tecnoglass closed the first quarter of 2026 with a record order backlog of US$1.36 billion. Photo: Courtesy/Tecnoglass
TL;DR
- Tecnoglass reported a record order backlog of US$1.36 billion for Q1 2026, up 19.1% year-over-year.
- Total revenues grew 12% to US$249 million, primarily from the multifamily and commercial segment.
- Net income fell to US$31.9 million from US$42.2 million in Q1 2025, impacted by rising aluminum costs.
- Gross margin decreased to 38.5% from 43.9% due to unfavorable cost and sales mix factors.
- The company implemented a price increase in May to offset a 10% tariff on imported aluminum windows.
- Full-year revenue is projected between US$1.06 billion and US$1.13 billion, with adjusted EBITDA between US$225 million and US$245 million.
- Tecnoglass maintains US$425 million in total liquidity.