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 Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

TPI Composites, Inc. (NASDAQ:TPIC ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Jason Wegmann - Investor Relations Bill Siwek - President & Chief Executive Officer Ryan Miller - Chief Financial Officer Conference Call Participants Mark Strouse - JPMorgan Pavel Molchanov - Raymond James Justin Clare - ROTH Capital Partners Eric Stine - Craig-Hallum Operator Good afternoon, and welcome to TPI Composites' Third Quarter 2024 Earnings Conference Call. At this time, I'd like to turn the conference over to Jason Wegmann, Investor Relations for TPI Composites.

TPI Composites, Inc. (TPIC) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for TPI Composites (TPIC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

TPI Composites (TPIC) Reports Q3 Earnings: What Key Metrics Have to Say

TPI Composites (TPIC) came out with a quarterly loss of $0.65 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $1.71 per share a year ago.

TPI Composites (TPIC) Reports Q3 Loss, Tops Revenue Estimates

SCOTTSDALE, Ariz., Nov. 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the third quarter ended September 30, 2024.

TPI Composites, Inc. Announces Third Quarter 2024 Earnings Results – Operational Execution and Strategic Initiatives Drive Improved Profitability

SCOTTSDALE, Ariz., Nov. 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (Nasdaq: TPIC) announced today that Jennifer Lowry will be appointed to its board of directors, effective as of November 13, 2024. Ms. Lowry also will serve on the Audit Committee of the Board. Ms. Lowry brings many years of broad finance experience in the electric power industry.

Jennifer Lowry to Join the Board of Directors of TPI Composites, Inc.

TPI Composites (TPIC) doesn't possess 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) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

SCOTTSDALE, Ariz., Oct. 17, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its third quarter 2024 results after the market close on Thursday, November 7, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

TPI Composites, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call

SCOTTSDALE, Ariz., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Today TPI Composites, Inc., (TPI) (Nasdaq: TPIC) announced its participation with the University of Texas at Dallas to apply physics-informed machine learning (ML) algorithms to simulate and optimize the composite curing process through multi-zone temperature control. This will solve a current technological gap by developing a smart “digital twin” that optimizes the curing process in blade manufacturing. Funded by the Office of Energy Efficiency & Renewable Energy, this project will accelerate the transition of research on ML-based modeling tools in academia to real industrial applications.

TPI Composites Participates in Cure Optimization for Wind Blade Fabrication with University of Texas at Dallas

TPI Composites, Inc. (NASDAQ:TPIC ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Jason Wegmann - IR Bill Siwek - President & CEO Ryan Miller - CFO Conference Call Participants Eric Stine - Craig-Hallum Drew Chamberlain - JPMorgan Pavel Molchanov - Raymond James Jeff Osborne - TD Cowen Greg Wasikowski - Webber Research Justin Clare - ROTH Capital Partners Operator Good afternoon, everyone, and welcome to the TPI Composites Second Quarter 2024 Earnings Conference Call. [Operator Instructions] And now at this time, I would like to turn things over to Jason Wegmann, Investor Relations for TPI Composites.

TPI Composites, Inc. (TPIC) Q2 2024 Earnings Call Transcript

TPI Composites (TPIC) came out with a quarterly loss of $1.23 per share versus the Zacks Consensus Estimate of a loss of $0.69. This compares to loss of $1.90 per share a year ago.

TPI Composites (TPIC) Reports Q2 Loss, Misses Revenue Estimates

SCOTTSDALE, Ariz., Aug. 08, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the second quarter ended June 30, 2024.

TPI Composites, Inc. Announces Second Quarter 2024 Earnings Results – Remains Well Positioned for a Recovery in the Second Half of 2024

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for TPI Composites (TPIC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

TPI Composites (TPIC) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates

SCOTTSDALE, Ariz., July 18, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its second quarter 2024 results after the market close on Thursday, August 8, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

TPI Composites, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call

TPI Composites (TPIC) agrees to sell its automotive business to focus its resources on growing its core wind blade business.

TPI Composites (TPIC) Inks Deal to Sell Automotive Business

SCOTTSDALE, Ariz., June 17, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) announced it has entered into a definitive agreement to divest its automotive business to Clear Creek Investments, LLC (CCI), a dedicated innovation and sustainability investor with a focus on deploying capital in companies driving climate solutions and climate resiliency throughout the energy, water, and food value chains.

TPI Composites Announces Agreement to Divest Automotive Business Unit as a Part of Continued Focus on Wind

SCOTTSDALE, Ariz., May 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) today announced a groundbreaking initiative in partnership with the University of Maine Advanced Structures and Composites Center (ASCC) and Oak Ridge National Laboratory to utilize one of the world's largest 3D printers for the production of wind turbine tooling. The goal of this project is to understand how new technologies can provide faster, lower-cost precision manufacturing of large modular wind blade tooling.

TPI Composites Partners with University of Maine and Oak Ridge National Laboratory to Leverage One of the World's Largest Polymer 3D Printers for Wind Turbine Tooling

TPI Composites, Inc. (NASDAQ:TPIC ) Q1 2024 Earnings Conference Call May 3, 2024 5:00 PM ET Company Participants Jason Wegmann - Investor Relations Bill Siwek - President and Chief Executive Officer Ryan Miller - Chief Financial Officer Conference Call Participants Mark Strouse - JPMorgan Pavel Malikov - Raymond James Eric Stine - Craig Hallum Jeffrey Osborne - TD Cowen Tom Curran - Seaport Research Partners William Griffin - UBS Operator Good afternoon, and welcome to the TPI Composites First Quarter 2024 Earnings Conference Call. At this time, I'd like to turn the conference over to Jason Wegmann.

TPI Composites, Inc. (TPIC) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for TPI Composites (TPIC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, TPI Composites (TPIC) Q1 Earnings: A Look at Key Metrics

SCOTTSDALE, Ariz., May 02, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the first quarter ended March 31, 2024.

TPI Composites, Inc. Announces First Quarter 2024 Earnings Results – Results In-line with Company Expectations; Reiterate Full Year 2024 Financial Guidance

SCOTTSDALE, Ariz., April 11, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its first quarter 2024 results after the market close on Thursday, May 2, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

TPI Composites, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call

SCOTTSDALE, Ariz., April 09, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (Nasdaq: TPIC) announced today that Edward “Ned” Hall has been nominated to join its board of directors, and if elected, will become a director, effective immediately upon the conclusion of TPI's annual meeting of stockholders on May 29, 2024. TPI also announced that Philip Deutch and Linda Hudson were retiring from TPI's Board of Directors, effective upon the conclusion of TPI's annual meeting of stockholders on May 29, 2024. Mr. Deutch and Ms. Hudson have served as directors since 2007 and 2020, respectively.

Edward Hall Nominated to Join the Board of Directors of TPI Composites, Inc.

SCOTTSDALE, Ariz., March 28, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today published its 2023 sustainability report highlighting its progress on organizational and global impacts related to sustainability.

TPI Composites, Inc. Publishes its Annual Sustainability Report Reaffirming Its Commitments to a Zero-Harm Culture and Carbon Neutrality

TPI Composites, Inc.'s actual revenue and EBITDA for the recent quarter were below expectations, even though its Q4 2023 headline earnings benefited from a non-operating gain.

TPI Composites: Turnaround Is In Sight (Rating Upgrade)

TPI Composites, Inc. (TPIC) Q4 2023 Earnings Call Transcript

The headline numbers for TPI Composites (TPIC) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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