Tecnoglass Inc. (NYSE:TGLS) Q2 2022 Earnings Conference Call August 4, 2022 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

Alex Rygiel - B. Riley

Zane Karimi - D.A. Davidson

Julio Romero - Sidoti

Josh Chan - Baird

Operator

Good morning, and welcome to the Tecnoglass Second Quarter 2022 Earnings Conference Call and Webcast. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Brad Cray of Investor Relations. Please go ahead.

Brad Cray

Thank you for joining us for Tecnoglass' Second Quarter 2022 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' current expectations or beliefs and are subject to uncertainty and changes in circumstances.

Actual results may differ 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 José Manuel beginning on slide number 4.

José Manuel Daes

Thank you, Brad, and thank you everyone for participating on today's call. We were very pleased to end the first half of 2022 with record levels of revenue, gross profit, adjusted EBITDA and backlog. Our total revenues in the second quarter increased 39% year-over-year to $169.1 million, marking our fifth straight quarter of record revenues driven by our continued expansion in the single-family residential end market, accelerating growth in our commercial business.