TPIC - Earnings announcements

SCOTTSDALE, Ariz., May 12, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the first quarter ended March 31, 2025. TPI further announced that its Board of Directors has initiated a strategic review of the business. "In the first quarter, TPI achieved 14% year-over-year growth in sales and drove positive cash flows from operating activities despite a challenging geopolitical and operating environment. The various economic challenges presented in the markets where we operate continue to create uncertainty in the industry's near-term outlook and continue to challenge our operations. We are continuing to focus on maximizing value and ensuring

SCOTTSDALE, Ariz., May 05, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company has rescheduled the date of its first quarter 2025 results. The Company will now issue their earnings results after the market close on Monday, May 12, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-8291, or for international callers, 1-201-689-8345. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the replay is 13752924. The replay will

SCOTTSDALE, Ariz., April 17, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its first quarter 2025 results after the market close on Thursday, May 8, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-8291, or for international callers, 1-201-689-8345. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the replay is 13752924. The replay will be available until May 22, 2025. Interested investors and oth

SCOTTSDALE, Ariz., Feb. 20, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2024. "We delivered solid results in 2024 despite a challenging macroeconomic backdrop for the global wind industry. In 2024, we made the strategic decisions to transition lines to next-generation blades and restructure our portfolio by divesting the Automotive business, shutting down one of our Mexico facilities and rationalizing our workforce in Türkiye to reflect anticipated demand," said Bill Siwek, President and CEO of TPI Composites. "We finished 2024 with a recovery in free cash flow, which in turn, h

SCOTTSDALE, Ariz., Jan. 30, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its fourth quarter and full year 2024 results after the market close on Thursday, February 20, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-800-579-2543, or for international callers, 1-785-424-1789. The Conference ID for the live call is "TPIC". A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 11157847. The replay

SCOTTSDALE, Ariz., Nov. 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the third quarter ended September 30, 2024. "The third quarter marked a significant improvement for the company, showcasing improved profitability with positive adjusted EBITDA. This improvement was largely driven by 89% utilization in our plants as we made progress on transitioning/starting up ten lines with next-generation workhorse blades. Our results also benefited from eliminating losses that had been burdening our financial performance by divesting the Automotive business and shutting down the Nordex Matamoros plant at the end of the second quarter of this ye

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. The conference call can be accessed live over the phone by dialing 1-800-343-4849, or for international callers, 1-203-518-9843. The Conference ID for the live call is "TPIC". A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 11157090. The replay will be availabl

SCOTTSDALE, Ariz., Aug. 08, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the second quarter ended June 30, 2024. "In the second quarter we were able to complete the divestiture of our Automotive business and we closed the Nordex Matamoros plant for Nordex, two loss making businesses that have negatively impacted TPI's performance. We also continued the ramp of ten lines either in startup or transition. As these lines enter serial production and utilization increases, combined with the divestiture of the Automotive business and shut down of the Nordex Matamoros plant, we are positioned to return the company to profitability and positive

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. The conference call can be accessed live over the phone by dialing 1-800-343-4136, or for international callers, 1-203-518-9843. The Conference ID for the live call is "TPIC". A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 11156386. The replay will be available

SCOTTSDALE, Ariz., May 02, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the first quarter ended March 31, 2024. "As expected, sales and adjusted EBITDA for the first quarter of 2024 were impacted by the timing of production line startups and transitions. As our customers prepare for an expected multi-year global wind market growth environment, we are excited to partner with them and align our factories to support their next generation blade models. Activity on these startups and transitions is progressing well and we remain confident 2024 will be a tale of two halves, as we are projecting a return to mid-single digit adjusted EBITDA mar

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. The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers, 1-412-317-5180. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 10187861. The replay will be available until May 16, 2024. Interested

SCOTTSDALE, Ariz., Feb. 22, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2023. "Once again, we demonstrated our ability to navigate a challenging macro environment and finished 2023 with $161 million of unrestricted cash, resulting from a significant improvement in working capital. Throughout the year, we took advantage of the opportunity to strengthen our strategic position ahead of the wind market's anticipated recovery and improve our liquidity," said Bill Siwek, President and CEO of TPI Composites. "Our recently announced refinancing of Oaktree's Series A Preferred Stock holdings p

SCOTTSDALE, Ariz., Feb. 01, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its fourth quarter and full year 2023 results after the market close on Thursday, February 22, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers, 1-412-317-5180. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 10185683. The replay will be available until March

SCOTTSDALE, Ariz., Nov. 02, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the third quarter ended September 30, 2023. "I was pleased with the results of our focus on cash flow and liquidity in the quarter as we finished with $161 million of unrestricted cash. Our team executed numerous cash flow initiatives to help us navigate a quarter that included a $22.6 million charge related to the bankruptcy of an automotive customer as well as an incremental $13.5 million charge for the warranty campaign we announced in the second quarter. To finish the quarter with $161 million of cash is a testament to our team's relentless emphasis on executio

SCOTTSDALE, Ariz., Oct. 12, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its third quarter 2023 results after the market close on Thursday, November 2, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers, 1-412-317-5180. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 10182802. The replay will be available until November 9, 2023. In

SCOTTSDALE, Ariz., Aug. 03, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the second quarter ended June 30, 2023. "I'm pleased to report that TPI and GE have reached an agreement in principle to amend their existing supply agreement in Mexico to add four new lines of capacity to produce blades for GE's "workhorse" turbine in Juarez, with an initial term through 2025. TPI and GE expect to finalize this agreement in the third quarter," said Bill Siwek, President, and CEO of TPI Composites. "As reported in our preliminary estimated earnings results last week, our financial results for the quarter were impacted by a warranty issue prima

SCOTTSDALE, Ariz., July 26, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today announced selected, preliminary estimated financial results for the second quarter ended June 30, 2023, and provided updated guidance for the year ending December 31, 2023. Additionally, the Company reaffirmed it will release second quarter 2023 earnings after the market close on Thursday, August 3, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. Business Update As has been broadly discussed industry-wide over the past several quarters, quality issues have had a pronounced impact on performance, and we have not been immune to such issues.  While the accele

SCOTTSDALE, Ariz., July 13, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its second quarter 2023 results after the market close on Thursday August 3, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-888-886-7786, or for international callers, 1-416-764-8658. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 19822327. The replay will be available until August 10, 2023. Inter

SCOTTSDALE, Ariz., May 03, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the first quarter ended March 31, 2023. "Despite a challenging global wind market and economic climate, we delivered solid sales and earnings performance, which were in line with our internal plans," said Bill Siwek, President and CEO of TPI Composites. "To further bolster our balance sheet, we issued $132.5 million of 5.25% green convertible senior notes in the first quarter. We were opportunistic in accessing capital at attractive rates to ensure we have ample cash to continue to navigate challenging market dynamics and global economic uncertainty and to fuel gr

SCOTTSDALE, Ariz., April 12, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its first quarter 2023 results after the market close on Wednesday, May 3, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers, 1-412-317-5180. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 10177847. The replay will be available until May 10, 2023. Intereste

SCOTTSDALE, Ariz., Feb. 22, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2022. "We finished 2022 strong and I am proud of our team for the results TPI delivered in a very challenging operating environment," said Bill Siwek, President and CEO of TPI Composites. "Recently announced partnerships and long-term strategic agreements with key customers such as Vestas, GE, Nordex and ENERCON further solidify the importance of TPI in the wind ecosystem for many years to come." "While we continue to see some inflationary headwinds for the entire industry along with persistent permitting and tra

SCOTTSDALE, Ariz., Feb. 06, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its fourth quarter and full year 2022 results after the market close on Wednesday, February 22, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-9208, or for international callers, 1-201-493-6784. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 13735318. The replay will be available until Marc

SCOTTSDALE, Ariz., Nov. 03, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the third quarter ended September 30, 2022. "In the third quarter, TPI delivered strong adjusted EBITDA growth and finished the quarter with a cash position of $129 million," said Bill Siwek, President and CEO of TPI Composites. "We continue to focus on managing our cost structure and efficiently operating our facilities despite a challenging macro backdrop." "While the wind industry continues to face near-term challenges, we are working with our customers to be ready to address their capacity needs when demand comes back to the market. Since our last earnings

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. The conference call can be accessed live over the phone by dialing 1-877-232-4484, or for international callers, 1-212-231-2921. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 22020922. The replay will be available until November 10, 2022.

SCOTTSDALE, Ariz., Aug. 03, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the second quarter ended June 30, 2022. "Our second quarter results showcased our team's continued focus on improving our operations and reducing costs in the midst of a challenging wind market," said Bill Siwek, President and CEO of TPI Composites. "Our efforts in the second quarter drove utilization to 84%, consistent with our expectations, while also generating $19.4 million of free cash flow." "While we expect volumes to remain suppressed in the near-term, we are committed to staying nimble during this time and have shown the ability to execute in this difficu

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. The conference call can be accessed live over the phone by dialing 1-877-407-9208, or for international callers, 1-201-493-6784. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 13731209. The replay will be available until August 10, 2022. I

SCOTTSDALE, Ariz., May 05, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the first quarter ended March 31, 2022. "We finished the first quarter ahead of our expectations driven by our ability to produce more sets than planned while also benefitting from the team's acute focus on driving out costs," said Bill Siwek, President and CEO of TPI Composites. "Although the broader macro environment for the wind industry remains challenging, our results for this quarter demonstrate TPI's operational execution efficiencies and cost containment efforts. "From an operational standpoint, we are at or ahead of our plan for 2022. Around the globe, we'

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. The conference call can be accessed live over the phone by dialing 1-877-869-3847, or for international callers, 1-201-689-8261. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the live call and the replay is 13729393. The replay will be available until May 19, 2022. Interest

SCOTTSDALE, Ariz., Feb. 24, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2021. "We achieved record net sales in 2021 despite the ongoing challenges the broader wind industry faced, including supply chain costs and constraints, logistics costs and the lingering effects of COVID," said Bill Siwek, President and CEO of TPI Composites. "Our results of operations for 2021 and the fourth quarter were adversely impacted by approximately $52 million and $40 million, respectively, primarily due to deferral of revenue relating to extensions of our customer contracts and estimates of costs to com

SCOTTSDALE, Ariz., Feb. 14, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its fourth quarter and full year 2021 results after the market close on Thursday, February 24th, 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-9208, or for international callers, 1-201-493-6784. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 13726573. The replay will be available until Mar

SCOTTSDALE, Ariz., Nov. 08, 2021 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), the only independent manufacturer of composite wind blades with a global footprint, today reported financial results for the third quarter ended September 30, 2021. Highlights For the quarter ended September 30, 2021: Net sales of $479.6 millionNet loss of $30.7 million or ($0.83) per diluted shareEBITDA loss of $6.5 millionAdjusted EBITDA of $0.2 million KPIs 3Q'213Q'20  Sets¹8301,037  Estimated megawatts²3,3953,571  Utilization376%93%  Dedicated manufacturing lines45455  Manufacturing lines installed55454  Number of wind blade sets (which consist of three wind blades) produced worldwide during the

SCOTTSDALE, Ariz., Oct. 27, 2021 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its third quarter 2021 results after the market close on Monday, November 8th, 2021, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-9208, or for international callers, 1-201-493-6784. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 13723790. The replay will be available until November 15, 2021.

SCOTTSDALE, Ariz., Aug. 05, 2021 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), the only independent manufacturer of composite wind blades with a global footprint, today reported financial results for the second quarter ended June 30, 2021. Highlights For the quarter ended June 30, 2021: Net sales of $458.8 millionNet loss of $39.8 million or ($1.08) per diluted shareEBITDA of $4.3 millionAdjusted EBITDA of $17.4 million KPIs 2Q'21 2Q'20  Sets¹843 788  Estimated megawatts²3,303 2,655  Utilization382% 70%  Dedicated manufacturing lines450 52  Manufacturing lines installed551 54  Number of wind blade sets (which consist of three wind blades) produced worldwide during the period.E

SCOTTSDALE, Ariz., July 22, 2021 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), the only independent manufacturer of composite wind blades with a global footprint, today announces selected, preliminary estimated financial results for the three months ended June 30, 2021, and updated guidance for the year ending December 31, 2021. The Company also announces today that it is has commenced production under a new long-term supply agreement with Nordex in Mexico and has extended its supply agreement with Proterra through 2024. Additionally, the Company announces it will release second quarter 2021 earnings after the market close on Thursday, August 5, 2021, to be followed by a conferen