Tecnoglass Inc. Ordinary Shares

Good day and welcome to the TechnoGlass Inc. first quarter 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would like now to turn the conference over to Mr. Brad Cray, Investor Relations. Please go ahead.

Thank you for joining us for Technoglass' first quarter 2025 conference call. A copy of the slide presentation to accompany this call may be obtained on the Investor section of the Technoglass website. Our speakers for today's call are Chief Executive Officer Jose Manuel Diaz, Chief Operating Officer Chris Diaz, 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 Technoglass' 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 Technoglass' business. These risks, uncertainties, and contingencies are indicated from time to time in Technoglass' filings with the SEC. The information discussed during the call is presented in light of such risks. Further, investors should keep in mind that Technoglass' 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 four.

Thank you, Brad, and thank you, everyone, for participating on today's call. We are thrilled to report an exceptional start to 2025. with record first quarter results that demonstrate the ongoing strength of our business model. Our revenues increased by 15% year-over-year to reach a first quarter record of $222.3 million, driven entirely by robust double-digit organic growth. Across both our residentials, and multifamily commercial businesses. These outstanding results significantly outperform broader market trends and underscore our ability to consistently gain market share even during periods of macroeconomic uncertainty. Our single-family residential revenues grew 21.6% year-over-year to a first quarter record of $88.9 million. This impressive growth reflects continuous strength in our Florida operations, ongoing geographic expansion, and expanded brand recognition, which continues to allow us to gain market share. Our multifamily and commercial businesses deliver double-digit percentage growth of 11.6% year-over-year to $133.4 million, reflecting continued execution of our expanding backlog. We achieved these results while significantly improving our profitability. During the quarter, we were pleased to drive gross margin expansion and adjusted EBITDA growth. The substantial improvement in both metrics reflects the benefits of a vertically integrated business model, operational efficiencies, and favorable product mix. To that end, we are confident in our ability to maintain industry-leading profitability, driven by several strategic initiatives. First, we have hedged a large portion of our 2025 Colombian peso exposure at premium rates roughly 9% better than last year, which effectively offsets higher local currency employee compensation. Second, we've adjusted pricing within our single-family residential segment. And third, we have adjusted certain supply chain channels in order to substantially minimize our exposure to tariffs. In April, we were pleased to complete the acquisition of certain assets of Continental Glass Systems, a premier provider of architectural glass and glazing solutions based in Florida. This strategic acquisition enhances our capabilities in several key areas. It allows us to diversify our production footprint into the United States, expands our commercial project portfolio, and creates additional synergies across our operations. Continental brings approximately 30 million in analyzed revenue and a substantial project backlog, which further strengthens our market position. This investment is also aligned with our broader initiative to expand our production capabilities in the U.S., to organic and inorganic investments. Our financial position remains exceptionally strong, with record cash of $157.3 million at quarter end as a result of growth in a shorter cash-titled residential business and disciplined working capital management. Our robust cash generation and resilient balance sheet continues to improve with significant flexibility to pursue additional growth opportunities while returning capital to shareholders. Looking ahead, we remain confident in Technoblast's growth trajectory. While macro uncertainty still remains ahead, our record first quarter performance, our strong growth in single-family residential orders, year-to-date and our exceptional project backlog validate our optimism for 2025. While we are cognizant of the uncertainty related to tariffs and their potential impact on overall demand trends, we continue to see strong order traction and ongoing market share growth in many U.S. regions. These factors, coupled with yet another record backlog, and our structurally competitive advantages give us confidence in our ability to continue navigating through complex macro dynamics. I will now turn the call over to Chris to provide additional operating highlights. Thank you, José Manuel.