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Stock impact report

TPI Composites, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Results – Expects Improved Profitability in 2025 [Yahoo! Finance]

TPI Composites, Inc. (TPIC) 
Last tpi composites, inc. earnings: 2/27 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
“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, helped us strengthen our liquidity position with $197 million in unrestricted cash.” “During the fourth quarter, we extended supply agreements with Vestas and GE Vernova through 2025 and demand for our blades out of our Mexico factories exceeds current c Read more
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