Tecnoglass Inc. (NYSE:TGLS) Q2 2023 Earnings Call Transcript August 8, 2023 10:00 AM ET

Company Participants

Brad Cray - Investor Relations

Jose Manuel Daes - Chief Executive Officer

Chris Daes - Chief Operating Officer

Santiago Giraldo - Chief Financial Officer

Conference Call Participants

Tim Wojs - Baird

Stanley Elliott - Stifel

Julio Romero - Sidoti & Company

Josh Wilson - Raymond James

Alex Rygiel - B. Riley

Operator

Greetings, and welcome to Tecnoglass Inc. Second Quarter 2023 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Brad Cray, Investor Relations. Please go ahead, sir.

Brad Cray

Thank you for joining us for Tecnoglass' Second Quarter 2023 Conference Call. A copy of the slide presentation to accompany this call may be obtained on the Investors section of the Tecnoglass website. Our speakers for today's call are Chief Executive Officer, Jose Manuel Daes; Chief Operating Officer, Chris Daes; and Chief Financial Officer, Santiago Giraldo.

I'd like to remind everyone that matters discussed in this call, except for historical information, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Tecnoglass' current expectations or beliefs and are subject to uncertainty and changes in circumstances.

Actual results may vary in a material nature from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors and other risks and uncertainties affecting the operation of Tecnoglass' business.

These risks, uncertainties and contingencies are indicated from time to time in Tecnoglass' filings with the SEC. The information discussed during the call is presented in light of such risks. Further, investors should keep in mind that Tecnoglass' financial results in any particular period may not be indicative of future results. Tecnoglass is under no obligation to and expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

I will now turn the call over to Jose Manuel, beginning on Slide number 4.

Jose Manuel Daes

Thank you, Brad, and thank you, everyone, for participating on today's call. We ended the first half of the year on solid fully, delivering strong results during the second quarter. We achieved record revenues and backlog despite the complex operating environment. Our total revenues in the second quarter increased 33% year-over-year to $225.3 million. This marked our tenth straight quarter of double-digit organic revenue growth, fueled by a strong performance in our key end markets. These achievements reflect the resilience of our vertically integrated business model and also the result of the focused execution of our dedicated team members.