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Tecnoglass TGLS Progress Payments Netted Against Inventory For Long Term Contracts Or Programs

Progress Payments Netted Against Inventory For Long Term Contracts Or Programs at other companies

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Other financials

Income statement

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Revenue$249.0M+12.0%
Gross profit$95.8M-1.7%
Operating income$44.9M-24.3%
Net income$31.9M-24.4%
EPS (diluted)$0.71-21.1%

Balance sheet

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Cash & equivalents$91.1M-42.1%
Total debt$204.4M+87.4%
Total equity$735.2M+7.3%
Total assets$1.4B+19.5%

Cash flow

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Operating cash flow$6.7M-85.7%
CapEx$17.3M-43.3%
Free cash flow-$10.5M-164%

Valuation

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Market cap$2.01B-40.7%

Profitability

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Gross margin41.5%-2.3pp
Operating margin21.4%-5.3pp
Net margin14.8%-4.1pp
FCF margin9.1%

Returns & leverage

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Return on equity21%-6.6pp
Debt / equity0.3×+0.1×
Current ratio1.8×-0.2×

Where this comes from

Reported directly by Tecnoglass in its filing.

Tagged under the XBRL concept us-gaap:ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms.

The official record: Tecnoglass’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tecnoglass's progress payments netted against inventory for long term contracts or programs?
Tecnoglass (TGLS) reported progress payments netted against inventory for long term contracts or programs of $50.83M in Q1 2026.
How has Tecnoglass's progress payments netted against inventory for long term contracts or programs changed year-over-year?
Tecnoglass's progress payments netted against inventory for long term contracts or programs increased by 2.6% year-over-year, from $49.52M to $50.83M.
What is the long-term trend for Tecnoglass's progress payments netted against inventory for long term contracts or programs?
Over 5 years (2020 to 2025), Tecnoglass's progress payments netted against inventory for long term contracts or programs has grown at a 17.5% compound annual growth rate (CAGR), from $21.03M to $47.05M.
What does progress payments netted against inventory for long term contracts or programs mean?
This represents customer payments received in advance of final delivery that are applied to reduce the carrying value of inventory related to long-term contracts. It reflects the company's ability to finance production through customer deposits rather than external debt. This metric is a key indicator of efficient working capital management in project-based businesses.