Tecnoglass Inc. Ordinary Shares

Good morning and welcome to the TechnoGlass Incorporated second 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 your telephone keypad. To withdraw your question, please press star then two. Please note, this event is being recorded. I would now like to turn the conference over to Brad Cray, Investor Relations. Please go ahead.

Thank you for joining us for TechnoGlass' second 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. TechnoGlass 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 four.

Thank you, Pat, and thank you everyone for participating on today's call. We are excited to report another exceptional quarter that demonstrates the strength and resilience of our business. Our second quarter total revenues reached a record 255.5 million, up .3% year over year. This strong growth was driven almost entirely by robust double digit organic growth in both our single-family residencies and multi-family commercial businesses. These outstanding results showcase our ability to consistently outperform market trends while expanding margins and gaining market share. Our vertically integrated platform continues to deliver exceptional value and flexibility, giving us confidence in our ability to respond effectively to evolving market conditions. At the same time, we are maintaining our industry-leading margins and commitment to operational excellence. In our single-family residential business, we grew revenues .5% year over year to a record of 109.6 million. This performance reflects continued success in our geographic expansion strategy, market share gains, and meaningful contributions from our vinyl product line. We were also pleased to see strong sequential growth of 29% single-family residential orders compared to the first quarter of 2025, making the second highest quarter of orders in the history of the company. Our multi-family and commercial businesses deliver solid growth of .8% year over year to 145.9 million, demonstrating our ability to capitalize on healthy demand for luxury -high-rise projects in Florida. The momentum we are seeing in project activity reinforces our confidence as we continue to execute on a growing backlog, now at an all-time high of 1.2 billion. In the face of ongoing macroeconomic uncertainty and a high-cost environment, we were pleased to expand our margins substantially during the quarter. We achieved a gross margin of 45.7%, representing a 400 basis point improvement year over year. Our margin performance reflects the benefits of increasing our production to achieve a record revenue quarter, as well as favorable product mix and pricing and cost control actions. Supported by our vertically integrated model, all these actions substantially minimize our exposure to market volatility and are expected to position as well as we move forward. In conclusion, our record second quarter results demonstrate the power of a vertically integrated business model and our ability to execute in a dynamic environment. With our strong balance sheet, substantial cash position, and a growing backlog, we believe we will deliver additional shareholder value. We remain focused on being a reliable partner to our customers and making necessary adjustments to maintain supply chain stability. Overall, we are confident in our trajectory and our ability to continue growing faster than the market in 2025 and beyond. I will now turn the call over to Christian.