TPI Composites, Inc. Announces Third Quarter 2024 Earnings Results – Operational Execution and Strategic Initiatives Drive Improved Profitability
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: GlobeNewswire
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 year. Sales reached $380.8 million, reflecting 23% sequential, quarterly growth, and positioning us well to achieve the mid-point of our full-year sales guidance,” said Bill Siwek, President and CEO of TPI Composites.” “We believe we are well positioned to capitalize on the long-term growth expecte
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News
- TPI Composites, Inc. (NASDAQ: TPIC) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co..MarketBeat
- TPI Composites, Inc. (NASDAQ: TPIC) had its "underweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $2.00 price target on the stock, down previously from $4.00.MarketBeat
- TPI Composites Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- TPI Composites Inc (TPIC) Q3 2024 Earnings Call Highlights: Revenue Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- TPI Composites (NASDAQ:TPIC) Beats Q3 Sales Targets [Yahoo! Finance]Yahoo! Finance
TPIC
Earnings
- 11/7/24 - Miss
TPIC
Sec Filings
- 12/2/24 - Form 4
- 11/14/24 - Form 4
- 11/14/24 - Form 3
- TPIC's page on the SEC website