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
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US:NASDAQ Investor Relations:
tpicomposites.com/english/investors/default.aspx
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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
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TPIC
News
- TPI Composites, Inc. (NASDAQ: TPIC) had its price target lowered by analysts at UBS Group AG from $2.40 to $1.60. They now have a "neutral" rating on the stock.MarketBeat
- TPI Composites, Inc. (NASDAQ: TPIC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- TPI Composites Achieves Milestone: 100,000 Wind Blades Manufactured [Yahoo! Finance]Yahoo! Finance
- TPI Composites Achieves Milestone: 100,000 Wind Blades ManufacturedGlobeNewswire
- TPI Composites Full Year 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
TPIC
Earnings
- 2/20/25 - Miss
TPIC
Analyst Actions
- 2/25/25 - UBS
TPIC
Sec Filings
- 3/12/25 - Form 4
- 3/12/25 - Form 4
- 2/28/25 - Form SCHEDULE
- TPIC's page on the SEC website