Tecnoglass Inc. (NYSE:TGLS) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET

Company Participants

Brad Cray - Investor Relations

José Manuel Daes - Chief Executive Officer

Chris Daes - Chief Operating Officer

Santiago Giraldo - Chief Financial Officer

Conference Call Participants

Julio Romero - Sidoti & Company

Brent Thielman - D. A. Davidson

Alex Rygiel - B. Riley

Tim Wojs - Baird

Operator

Hello, and welcome to the Tecnoglass, Inc. First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, today’s event is being recorded. I’d now like to turn the conference over to Brad Cray, Investor Relations. Please go ahead, sir.

Brad Cray

Thank you for joining us for Tecnoglass’ first 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, José 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’s 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’s business. These risks, uncertainties and contingencies are indicated from time to time in Tecnoglass’s 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 José Manuel, beginning on Slide #4.

José Manuel Daes

Thank you, Brad and thank you everyone for participating on today’s call. We are very pleased to start 2023 on solid footing with very strong year-over-year growth and record first quarter results in all our key operating metrics. This includes record revenues, gross profit, adjusted EBITDA, free cash flow and backlog amongst several other metrics. Our outsized growth is driven by our structural and sustainable competitive advantages, which allow us to gain market share in different markets.