Shares of Tecnoglass (TGLS) tumbled 5.36% in pre-market trading on Thursday after the company reported disappointing third-quarter results that fell short of analyst expectations. The construction supplies and fixtures company missed estimates on multiple fronts, overshadowing positive developments in its share repurchase program.

Tecnoglass reported Q3 revenue of $260.50 million, representing a 9.3% year-over-year growth but falling short of the $265.40 million consensus estimate from five analysts. The company's adjusted earnings per share came in at $1.00, missing the $1.11 forecast. Additionally, adjusted net income for the quarter was $46.70 million, below the $52.50 million analysts had projected. The adjusted EBITDA of $79.10 million also failed to meet the expected $85.50 million.

Despite the earnings miss, Tecnoglass highlighted some positive aspects of its performance. The company attributed its 7.6% organic growth to market share gains and geographic expansion. Early benefits from residential pricing initiatives helped offset elevated aluminum costs and tariffs. Looking ahead, Tecnoglass expects full-year 2025 revenue between $970 million and $990 million, with updated 2025 Adjusted EBITDA guidance of $294 million to $304 million. The company also anticipates double-digit revenue growth into 2026. In a move to potentially support its stock price, Tecnoglass expanded its share repurchase program to $150 million, citing a strong balance sheet.