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Tecnoglass Reports First Quarter 2015 Results

Post Time:May 07,2015Classify:Company NewsView:457

First Quarter 2015

  • Adjusted EBITDA of $14.2 million, up 28% from $11.1 million in the year ago quarter. Adjusted EBITDA margin continued to expand, rising 415 basis points from the year ago quarter.
  • Quarter end backlog of $320 million, up 14% from December 31, 2014.

Reiterates Fiscal 2015 Guidance and 2016 Outlook

  • FY 2015: expects revenues and Adjusted EBITDA of $240 million and $60 million, respectively.
  • FY 2016: expects 20% revenue growth over 2015, with Adjusted EBITDA of $80-$85 million.

 

Source: http://finance.yahoo.com/news/tecnoglass-reports-fAuthor: shangyi

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