secwatch.observer — SEC 8-K summary
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Issuer:     TPI COMPOSITES, INC (TPICQ)
CIK:        0001455684
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001171843-22-005306
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TPI Composites Q2 net loss narrows to $5.5M; free cash flow of $19.4M
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- Net sales down 1.4% YoY to $452.4M; net loss improved to $5.5M from $39.8M loss in Q2 2021.
- Adjusted EBITDA of $10.3M vs $17.4M in prior year; includes ~$8M in non-recurring shutdown costs.
- Generated $19.4M free cash flow; ended quarter with $155M unrestricted cash and net cash of $92.7M.
- FY 2022 capex guidance reduced to $15-20M from $25-30M; utilization expected 80-85%.
- Wind blade sets produced 783 vs 843 YoY; utilization improved to 84% from 82%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1455684/000117184322005306/0001171843-22-005306-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1455684/000117184322005306/f8k_080322.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005306

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