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Tecnoglass posts 4Q profit

BARRANQUILLA, Colombia (AP) _ Tecnoglass Inc. (TGLS) on Friday reported fourth-quarter net income of $2.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Barranquilla, Colombia-based company said it had net income of 9 cents. Earnings, adjusted for non-recurring costs, came to 15 cents per share.

The architectural glass maker posted revenue of $80.3 million in the period.

For the year, the company reported net income of $23.2 million, or 77 cents per share, swinging to a profit in the period. Revenue was reported as $305 million.

Tecnoglass expects full-year revenue in the range of $360 million to $390 million.

Tecnoglass shares have fallen 8 percent since the beginning of the year. The stock has dropped 8 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGLS at https://www.zacks.com/ap/TGLS


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