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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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.

Siemens Gamesa used to be a significant customer for TPI Composites, so its recent disappointing news hit the company. The market's initial knee jerk reaction appears to have been overly negative, and investor sentiment has turned brighter since then.

Why Shares in TPI Composites Gained Ground This Week

SCOTTSDALE, Ariz., May 30, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ: TPIC) (“TPI” or the “Company”), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced on May 24, 2023 that its 2023 Annual Meeting of Stockholders scheduled for May 24, 2023 (the “Annual Meeting”) has been adjourned to June 22, 2023 at 1:00 pm Arizona Time, and will take place via live audio webcast at www.virtualshareholdermeeting.com/TPIC2023. The adjournment period will allow the Company's stockholders additional time to consider the proposals to be acted on at the Annual Meeting and will provide the Company additional time to solicit the vote of a greater percentage of the Company's stockholders.

TPI Composites Adjourns Annual Meeting Until June 22, 2023

SCOTTSDALE, Ariz., May 15, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) has sponsored five students from Charles E. Shea High School (Shea High School) of Pawtucket, Rhode Island to attend the 2023 National KidWind Challenge at the University of Colorado Boulder. The students were invited after winning the Rhode Island State KidWind Challenge earlier this year. This was Shea High School's first time winning the regional event since they began participating in 2021.

TPI Composites Sponsors Charles E. Shea High School to Attend the 2023 National KidWind Challenge

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TPI Composites missed earnings badly this morning, reporting losses more than twice as bad as feared. Sales of windmill blades rose smartly, while sales at the auto-body composites business flagged.

Why TPI Composites Stock Crashed Today

TPI Composites, Inc. (NASDAQ:TPIC ) Q1 2023 Results Conference Call May 3, 2023 5:00 PM ET Company Participants Christian Edin - IR Bill Siwek - President, CEO Ryan Miller - CFO Conference Call Participants Eric Stine - Craig-Hallum Graham Price - Raymond James Greg Wasikowski - Webber Research James West - Evercore ISI Julien Dumoulin-Smith - Bank of America Justin Clare - ROTH Operator Hello, and welcome to the TPI Composites 1Q 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

TPI Composites, Inc. (TPIC) Q1 2023 Earnings Call Transcript

TPI Composites (TPIC) came out with a quarterly loss of $0.72 per share versus the Zacks Consensus Estimate of a loss of $0.41. This compares to loss of $0.71 per share a year ago.

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

SCOTTSDALE, Ariz., May 03, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the first quarter ended March 31, 2023.

TPI Composites, Inc. Announces First Quarter 2023 Earnings Results – Delivered Strong Top Line Growth, Met Earnings Plan and Strengthened Balance Sheet for Future Growth

SCOTTSDALE, Ariz., April 24, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) and Helicoid Industries Inc. collaborated to design a bio-inspired lightweight EV underbody protection panel using Helicoid™ technology. The solution leverages digital engineering, unconventional layup scenarios, biomimicry, advanced multiaxial intelligent weaving, and automated manufacturing to deliver a durable, low-cost, highly engineered automotive part for the commercial and consumer automotive markets.

Bio-Inspired Lightweight EV Underbody Protection to Serve High Volume Commercial and Automotive Market Designed and Developed by TPI Composites and Helicoid Industries

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.

TPI Composites, Inc. Announces First Quarter 2023 Earnings Release Date and Conference Call

SCOTTSDALE, Ariz., March 28, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (Nasdaq: TPIC) announced today the release of its 2022 sustainability report spotlighting Environmental, Social, and Governance (ESG) organizational and global impacts.

TPI Composites Publishes Annual Sustainability Report Highlighting its Contributions to Drive the Renewable Energy Transition Forward

SCOTTSDALE, Ariz., March 08, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) has partnered with Tex-Tech (Kernersville, NC) and Carbon Rivers (Knoxville, TN) in a pilot program to process end-of-life wind blades, pyrolyze the material and process the recovered glass fiber into liners for cured in place pipe (CIPP). CIPP gives new life to damaged pipelines without the excavation of streets through rehabilitation of existing water mains and waste lines by lining the walls of the existing pipe with a hardened synthetic fiber tube.

TPI Composites, Tex-Tech, and Carbon Rivers Partner in Turning End-of-Life Wind Blades to Liners for Cured in Place Pipe

SCOTTSDALE, Ariz., Feb. 28, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) announced today the pricing of its offering of $115.0 million aggregate principal amount of 5.25% convertible senior notes due 2028 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering was upsized from the previously announced offering size of $100.0 million aggregate principal amount of notes. In addition, TPI granted the initial purchasers of the notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $17.5 million aggregate principal amount of the notes. The offering is expected to close on March 3, 2023, subject to customary closing conditions.

TPI Composites Prices Upsized $115 Million Convertible Senior Notes Offering

SCOTTSDALE, Ariz., Feb. 27, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) announced today that it has commenced a private offering of $100.0 million aggregate principal amount of convertible senior notes due 2028 (the “notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with this offering, TPI expects to grant the initial purchasers of the notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $15.0 million aggregate principal amount of the notes. The offering of the notes is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

TPI Composites Announces Proposed Offering of $100 Million Convertible Senior Notes

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Why TPI Composites, MYR Group, and Quanta Services Shares Jumped Today

TPI Composites, Inc. (TPIC) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Corporate Participants Christian Edin - Investor Relations Bill Siwek - President and Chief Executive Officer Ryan Miller - Chief Financial Officer Conference Call Participants Justin Clare - ROTH MKM James West - Evercore ISI Julien Dumoulin-Smith - Bank of America Eric Stine - Craig-Hallum Greg Wasikowski - Webber Research Pavel Molchanov - Raymond James Jeff Osborne - Cowen & Company Operator Good afternoon, and welcome to TPI Composites' Fourth Quarter and Full Year 2022 Earnings Conference Call. Today's call is being recorded.

TPI Composites, Inc. (TPIC) Q4 2022 Earnings Call Transcript

TPI Composites (TPIC) delivered earnings and revenue surprises of 8.75% and 9.34%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

TPI Composites (TPIC) Reports Q4 Loss, Lags Revenue Estimates

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.

TPI Composites, Inc. Delivers Solid Close to a Challenging Year - Restructuring Plans on Track to Position TPI for the Future

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.

TPI Composites, Inc. Announces Fourth Quarter and Full Year 2022 Earnings Release Date and Conference Call

SCOTTSDALE, Ariz., Jan. 18, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), announced today that it has collaborated with WindSTAR, a National Science Foundation (NSF) funded Industry-University Cooperative Research Center, to design a composite manufacturing process based on a digital twin approach as released today in the 2022 WindSTAR Annual Report. The project leveraged machine learning (ML) using big data to serve as the digital twin of the blade manufacturing process. This ML framework provides real-time feedback during fabrication, results in reduced defects, and enables more efficient production of wind blades versus the current high computational costs of the physics-based models.

TPI Collaborates with WindSTAR to Leverage Machine Learning and Create a Digital Twin of the Wind Blade Manufacturing Process

SCOTTSDALE, Ariz., Jan. 05, 2023 (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 has extended its supply agreements with GE Renewable Energy (GE) through 2025. GE and TPI also plan to work together on GE's next generation blade types including the possibility of adding more production lines in 2023, in addition to the nine production lines GE has in operation today with TPI.

TPI and GE Extend Supply Agreements and Plan to Collaborate on Next Generation Blade Designs

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TPI Composites: Bullish Winds Blowing After A Low-Energy 2022

TPI Composites, Inc. (NASDAQ:TPIC ) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Christian Edin – Investor Relations Bill Siwek – President and Chief Executive Officer Ryan Miller – Chief Financial Officer Conference Call Participants Eric Stine – Craig-Hallum Morgan Reid – Bank of America Greg Wasikowski – Webber Research Pavel Molchanov – Raymond James Justin Clare – ROTH Capital Partners Luke Tilkens – Piper Sandler William Grippin – UBS Operator Good afternoon, and welcome to TPI Composites Third Quarter 2022 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode.

TPI Composites, Inc. (TPIC) Q3 2022 Earnings Call Transcript

TPI Composites (TPIC) delivered earnings and revenue surprises of -85.71% and 2.05%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

News for TPI Composites Stock (TPIC)