Tecnoglass margin falls 540bp on input costs, FX; cash flow drops 86% on tariff inventory build

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~1 min read

Key Changes

• high

  Operating cash flow plunged 86% to $6.7M from $46.9M as the company stockpiled $34.3M of U.S.-sourced aluminum for tariff mitigation, a sharp reversal from prior year when inventory generated $8.7M of cash.

  MD&A: Cash Flow verify on EDGAR →
• high

  Gross margin compressed 540 basis points to 38.5% from 43.9%, driven by rising aluminum prices, a one-time double-digit Colombian minimum wage increase, unfavorable mix toward lower-margin installation work, and a stronger peso that raised local-currency costs.

  MD&A: Gross Margin verify on EDGAR →
• high

  Tariff risk evolved from universal 10% levy to Section 232 aluminum/steel tariffs at ~10% for U.S.-origin material; new disclosure warns of potential sanctions, cross-border payment restrictions, and financial channel disruptions from Colombia-U.S. political tensions.

  Risk Factors: Tariffs & Geopolitics verify on EDGAR →