TPI Composites

TPI Composites, Inc. is a holding company, which engages in the manufacturing of composite wind blades for the wind energy market. It operates through the following segments: United States (US), Asia, Mexico, Europe, the Middle East & Africa (EMEA), and India. The US segment includes the production of wind blades in its Newton, Iowa plant, the manufacturing of precision molding and assembly systems used for the production of wind blades in its Warren, Rhode Island facility, and composite solutions for the transportation industry. The Asia segment produces wind blades in its Taicang Port, Dafeng, and Yangzhou, China facilities. The Mexico segment focuses on its operation of wind blades in Juárez and Matamoros, Mexico. The EMEA segment offers wind blades from two facilities in Izmir, Turkey, and performs wind blade inspection and repair services. The India segment relates to wind blade sales and other sales operation in India. The company was founded by Everett Pearson and Neil Tillotson in 1968 and is headquartered in Scottsdale, AZ.

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Earnings data Q4 2024

TPI Composites reports robust earnings, eyes wind energy growth

TPI Composites delivered strong financial performance in Q4 2022 and full year 2022, with a focus on cost savings and strategic growth initiatives.
While facing short-term challenges from restructuring and cash burn, the company is optimistic about long-term opportunities in wind energy and automotive sectors.
TPI's proactive approach to addressing inflationary pressures and expanding its global presence positions it well for future growth and profitability.

TPI Composites reports robust Q1 earnings, eyes wind energy growth

TPI Composites had a strong Q1 performance with sales and EBITDA growth, raised funds for growth initiatives, and is optimistic about future opportunities in wind energy. Despite challenges in global service sales and regulatory uncertainties, the company is focused on cost savings and expansion.

TPI Composites addresses challenges, eyes growth through strategic initiatives

TPI Composites faced quality and volume challenges impacting financials in Q2 2023.
Despite challenges, the company is confident in its liquidity position and growth targets.
Focus on quality improvements and strategic initiatives for future opportunities.
Expectations for managing cash flow challenges and exploring partnerships for growth.

TPI Composites reports Q3 loss, eyes growth in wind industry

TPI Composites navigated challenges in Q3, focusing on operational improvements and supply chain efficiency while planning for future growth opportunities.
Despite facing a net loss, the company maintains a strong liquidity position and revised guidance to target positive EBITDA in 2024.
Anticipated cash burn for the remainder of 2023 underscores the need for quality enhancements and strategic investments for sustained growth.

TPI Composites reports Q4 challenges, eyes growth opportunities ahead

TPI Composites navigated challenges in Q4 2023 while focusing on operational strengths, liquidity improvements, and strategic growth initiatives.
The company remains optimistic about long-term wind industry growth, expressing confidence in its position and adaptability to market dynamics.
With a clear focus on capital prioritization, operational efficiency, and exploring new opportunities, TPI Composites aims to drive sustainable growth and value creation.

TPI Composites exceeds Q1 expectations, eyes ASP increase in wind

TPI Composites faced challenges in Q1 2024 but exceeded expectations, aiming for positive margins and free cash flow in the second half of the year.
Operational strengths in sustainability, safety, and diversity initiatives were highlighted, with a focus on wind business growth.
Lower ASP attributed to material costs and mix issues, with expectations of an increase driven by new blade introductions.
The company reaffirmed revenue guidance and anticipates improved profitability in the future.

TPI Composites navigates Q2 challenges, eyes profitability and growth

TPI Composites faced challenges in Q2 2024 but is positioning for a profitable second half of the year. Despite lower sales and adjusted EBITDA, the company anticipates improved margins and positive free cash flow. With a focus on cost management and operational efficiency, TPI aims for financial stability and growth in the coming years.

TPI Composites reports robust Q3 performance amidst operational challenges

TPI Composites demonstrated strong financial performance in Q3 2024 with positive adjusted EBITDA and cash flows, despite facing operational challenges.
The company's focus on efficiency, customer relationships, and expansion opportunities bodes well for future growth and profitability.
Managing challenges effectively while leveraging growth opportunities will be key to sustaining performance and capitalizing on the renewable energy sector's potential.

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TPI Composites, Inc. is a holding company, which engages in the manufacturing of composite wind blades for the wind energy market. It operates through the following geographical segments: United States (US), Mexico, Europe, the Middle East and Africa (EMEA), and India. The US segment manufactures precision molding and assembly systems used for automotive business at Warren, Rhode Island facility. The Mexico segment includes the manufacturing of wind blades at three facilities in Juárez, Mexico, and two facilities in Matamoros, Mexico. The EMEA segment refers to the manufacturing of wind blades at two facilities in Izmir, Türkiye, and wind blade inspection and repair services in Türkiye. The India segment manufactures wind blades at manufacturing facility in Chennai, India. The company was founded by Everett Pearson and Neil Tillotson in 1968 and is headquartered in Scottsdale, AZ.

SCOTTSDALE, Ariz., Nov. 03, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today that it signed an agreement with GE Renewable Energy that enabled TPI to secure a ten-year lease extension of its manufacturing facility in Newton, Iowa. Under the agreement, GE and TPI plan to develop competitive blade manufacturing options to best serve GE's commitments in the US market with production expected to start in 2024.

TPI and GE Secure Manufacturing Capacity in Iowa

SCOTTSDALE, Ariz., Nov. 03, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the third quarter ended September 30, 2022.

TPI Composites, Inc. Announces Third Quarter 2022 Earnings Results – Announces Long-term Global Partnership with Vestas, Supply Agreement Extensions with GE, and Signed Lease Extension for Newton, Iowa Plant

TPI Composites (TPIC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

TPI Composites (TPIC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

SCOTTSDALE, Ariz., Oct. 13, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its third quarter 2022 results after the market close on Thursday, November 3rd, 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

TPI Composites, Inc. Announces Third Quarter 2022 Earnings Release Date and Conference Call

TPI Composites manufactures composite wind blades for the wind energy market. Management noted $2.7 billion in revenue from existing contracts through 2024. The current market capitalization does not exceed $670 million.

TPI Composites: Massive Incoming Revenue And Cash Flow

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TPI Composites, Inc. (NASDAQ:TPIC ) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Ryan Miller - Chief Financial Officer William Siwek - President & Chief Executive Officer Conference Call Participants Operator Good afternoon, and welcome to TPI Composites Second Quarter 2022 Earnings Conference Call. Today's call is being recorded.

TPI Composites, Inc. (TPIC) CEO William Siwek on Q2 2022 Results - Earnings Call Transcript

SCOTTSDALE, Ariz., Aug. 03, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the second quarter ended June 30, 2022.

TPI Composites, Inc. Announces Second Quarter 2022 Earnings Results – Operational Improvements and Cost Reduction Actions Deliver Strong Net Cash Flow from Operations and Free Cash Flow in the Quarter

TPI Composites (TPIC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

TPI Composites (TPIC) Stock Jumps 19.4%: Will It Continue to Soar?

TPI Composites (TPIC) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

SCOTTSDALE, Ariz., July 13, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its second quarter 2022 results after the market close on Wednesday, August 3rd, 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

TPI Composites, Inc. Announces Second Quarter 2022 Earnings Release Date and Conference Call

SCOTTSDALE, Ariz., May 23, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, announced today that it has appointed Ryan Miller as Chief Financial Officer, effective May 23, 2022.

TPI Composites, Inc. Appoints Ryan Miller as CFO

Revenue, gross profit, and adjusted EBITDA decreased by 4.9%, 122.4% and 53.4%, respectively. Despite this poor performance, I believe the next few quarters will demonstrate improved efficiency and better numbers. Management guided for a 40-50% improvement in margins and a 15-20% increase in manufacturing utilization rates.

TPI Composites - Down But Not Out

The wind blades manufacturer is impressed with its own first-quarter performance, but should you be?

Why TPI Composites Stock Jumped 20% Today in a Down Market

TPI Composites, Inc. (NASDAQ:TPIC ) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Christian Edin - Senior Director, IR William Siwek - President, CEO & Director Adan Gossar - Interim CFO & CAO Conference Call Participants Laura Sanchez - Morgan Stanley Hilary Cauley - Guggenheim Securities Justin Clare - ROTH Capital Partners Luke Tilkens - Piper Sandler & Co. Aaron Spychalla - Craig-Hallum Thomas Curran - Seaport Research Partners Pavel Molchanov - Raymond James & Associates Alec Scheibelhoffer - Stifel Julien Dumoulin-Smith - Bank of America Merrill Lynch Operator Good afternoon, and welcome to TPI Composites First Quarter 2022 Earnings Conference Call. Today's call is being recorded.

TPI Composites, Inc. (TPIC) CEO William Siwek on Q1 2022 Results - Earnings Call Transcript

TPI Composites (TPIC) delivered earnings and revenue surprises of 24.47% and 1.72%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

TPI Composites (TPIC) Reports Q1 Loss, Misses Revenue Estimates

SCOTTSDALE, Ariz., May 05, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the first quarter ended March 31, 2022.

TPI Composites, Inc. Announces First Quarter 2022 Earnings Results – Cost Mitigation Efforts and Transition Efficiencies Drive Solid Results

TPI Composites (TPIC) Expected to Beat Earnings Estimates: Should You Buy?

SCOTTSDALE, Ariz., April 19, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its first quarter 2022 results after the market close on Thursday, May 5th, 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

TPI Composites, Inc. Announces First Quarter 2022 Earnings Release Date and Conference Call

SCOTTSDALE, Ariz., March 31, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today published its 2021 sustainability report highlighting its progress on Environmental, Social, and Governance (ESG) initiatives.

TPI Composites, Inc. Publishes its Annual Sustainability Report Highlighting Its Goal to Set the ESG “Gold Standard”

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TPI Composites, Inc.'s (TPIC) CEO William Siwek on Q4 2021 Results - Earnings Call Transcript

TPI Composites (TPIC) delivered earnings and revenue surprises of 3.09% and 1.04%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

News for TPI Composites Stock (TPIC)