Tecnoglass Tops the Forbes List of America’s Most Successful Small-Cap Companies

Published

Miami, FL, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, earned the #1 spot on Forbes’ list of America’s 100 most successful small-cap companies for 2024. The globally renowned magazine awarded Tecnoglass the top spot based on its record of highly profitable growth and superior shareholder returns.

“We are grateful to be recognized by Forbes, alongside a distinguished group of highly successful companies, following the recent relocation of our global headquarters to the United States,” commented José Manuel Daes, Chief Executive Officer of Tecnoglass. “Earning first place on the Forbes top 100 small cap list is an absolute honor and a testament to our Company’s commitment to its investors, customers and talented employees. We remain focused on leveraging our unique vertically-integrated business model to execute our multi-pronged growth strategy and produce meaningful shareholder value.”

To select America’s top 100 small cap stocks, Forbes looked at 974 U.S.-listed small cap companies and ranked them based on stock return, sales growth, return on equity and earnings growth over the last 12 month and five year period. The full article titled, “America's Most Successful Small-Cap Companies 2024” can be viewed at:

https://www.forbes.com/sites/hanktucker/2023/11/10/coconut-water-glassmaking-and-plushies-here-are-100-us-small-cap-gems-for-investors/?sh=29cf13732365

Full list article: https://www.forbes.com/lists/best-small-cap-companies/?sh=5def0b8147db

About Tecnoglass

Tecnoglass Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass serving the multi-family, single-family, and commercial end markets. Tecnoglass is the second largest glass fabricator serving the U.S. and the #1 architectural glass transformation company in Latin America. Located in Barranquilla, Colombia, the Company’s 5.6 million square foot, vertically integrated, and state-of-the-art manufacturing complex provide efficient access to nearly 1,000 customers in North, Central and South America, with the United States accounting for 96% of total revenues. Tecnoglass’ tailored, high-end products are found on some of the world’s most distinctive properties, including One Thousand Museum (Miami), Paramount (Miami), Salesforce Tower (San Francisco), Via 57 West (NY), Hub50House (Boston), Aeropuerto Internacional El Dorado (Bogotá), One Plaza (Medellín), Pabellon de Cristal (Barranquilla). For more information, please visit www.tecnoglass.com or view our corporate video at https://vimeo.com/134429998.

Forward Looking Statements

This press release includes certain 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 Tecnoglass’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially 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 Tecnoglass’ business. These risks, uncertainties and contingencies are indicated from time to time in Tecnoglass’ filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that Tecnoglass’ 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 and changes in assumptions or otherwise, except as required by law.

Investor Relations:Santiago Giraldo CFO 305-503-9062 investorrelations@tecnoglass.com

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Source: Tecnoglass Inc.

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