The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Julio Romero - Sidoti & Company - Analyst
: Congratulations on the acquisition. So the last deal you guys did was for GM&P, the glazer in Florida in 2017, and that was done for a very specific
reason. It was a mousetrap of sorts to accelerate U.S. market penetration in the U.S.
Can you maybe compare that deal, which didn't have manufacturing to this one? Kind of compare the thought process because -- and also talk
about the trade-off between this dilution to your return metrics with acquired growth, but that the trade-off is a longer-term strategic benefits.
Question: Julio Romero - Sidoti & Company - Analyst
: Okay. That's helpful. And you talked about evaluating a multiyear project to build a plant in the U.S. Can you maybe dive into that a bit? And how
big of a facility are you considering?
And what are the key factors you're weighing and considering that growth initiatives?
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MAY 08, 2025 / 2:00PM, TGLS.N - Q1 2025 Tecnoglass Inc Earnings Call
Question: Julio Romero - Sidoti & Company - Analyst
: In the near future. Sounds good. Go ahead.
Question: Brent Thielman - D.A. Davidson - Analyst
: Congratulations as well. I had another question just on the thought process of developing the line in the U.S. over the next kind of 5 to 7 years.
And it may be early, but I'll ask anyway.
Are you envisioning something as large as what you have in place today? Or is the vision that this is something simply complementary to what
you're already doing in Colombia?
Question: Brent Thielman - D.A. Davidson - Analyst
: Very good. Appreciate that. And then, I mean, look, the backlog continues to look great. Could you talk about what's happened since the end of
the quarter? Could you talk about order trends in commercial since then or the tone of customers?
Are they more hesitant? Or is it just business as usual?
Question: Brent Thielman - D.A. Davidson - Analyst
: Yes. Appreciate that, Santiago. Yes, I was talking commercial. Maybe just one more on the commercial side as well. Is -- are the -- is the backlog and
are the incoming orders becoming more diversified from a geographic perspective relative to a year or 2 ago?
I know Florida has been phenomenal for you in the last few years, but you talked about a lot of different regions here. Is there more geographic
diversity to the things you're seeing coming in orders now?
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