Tecnoglass Recognized as One of Fastest-Growing Companies in US
Date: 31st october, 2024
Fortune Magazine has ranked Tecnoglass Inc. as the 27th fastest-growing company in the United States for 2024. The ranking, part of the 39th edition of the annual 100 Fastest-Growing Companies list, is determined by companies’ revenue growth, earnings per share growth and a three-year annual return to shareholders for the period ending June 28, 2024.
The 100 companies on this year’s list have a combined market value of $6.7 trillion. On average, the companies brought in $23 billion in revenue and $2.8 billion in profits in their latest twelve-month reporting period ending on or before April 30, 2024, with a $66 billion market value as of Oct. 2, 2024.
“We are honored to be recognized by Fortune as one of the nation’s fastest-growing public companies among an elite group of businesses across various industries,” says CEO José Manuel Daes. “This achievement reflects our successful execution of strategic initiatives, our commitment to innovation, and our strong market position in both residential and multi-family/commercial.”
According to Fortune’s data, Tecnoglass’ financial data includes:
- Revenue Past Four Quarters: $823 million
- Net Income Past Four Quarters: $164 million
- Market Value as of Oct. 2, 2024: $3.2 billion
- EPS Three-Year Annual Growth Rate: 78%
- Revenue Three-Year Annual Growth Rate: 32%
- Total Return Three-Year Annual Rate (Through June 28, 2024): 34%
Tecnoglass joins a diverse cast of companies from various industries, including the energy, technology, industrials, financials, retailers and materials sectors. Sixteen of this year’s companies are based outside of the United States. The top 10 fastest-growing companies in 2024 are Torm, Consol Energy, E.L.F. Beauty, Super Micro Computer, First Citizens Bancshares, Consolidated Water, Booking Holdings, Nvidia, Civitas Resources and Devon Energy.
Regionally, Texas has the most companies on this year’s list: 26, 12 of which are based in Houston. California follows behind with eight companies.
Source: https://www.usglassmag.com/tecnoglass-recognized-as-one-of-fastest-growing-companies-in-us/
