---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-007071"
form_type: "8-K"
ticker: "TPICQ"
cik: "0001455684"
company_name: "TPI COMPOSITES, INC"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:44:20.105248+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TPI Q3 net loss $1.5M, Adj EBITDA $16.4M; plans China plant closure, strategic deals with Vestas, GE

## Summary
- Net sales $459.3M (-4.2% YoY); net loss improved to $1.5M from $30.7M; diluted EPS -$0.39.
- Adjusted EBITDA $16.4M vs $0.2M a year ago; margin 3.6%.
- Cash $129.1M; net cash $67M, down from $167.5M at Dec 2021; free cash flow -$29.4M.
- Plans to cease production at Yangzhou, China in Dec 2022; expects material restructuring charges in Q4.
- Agreed in principle to long-term global framework with Vestas, GE Newton lease extension, and GE Mexico extension.

## SEC filing metadata
- accession: 0001171843-22-007071
- form_type: 8-K
- ticker: TPICQ
- cik: 0001455684
- company_name: TPI COMPOSITES, INC
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1455684/000117184322007071/0001171843-22-007071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1455684/000117184322007071/f8k_110322.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-007071
- JSON: https://secwatch.observer/filing/0001171843-22-007071.json
- Plain text: https://secwatch.observer/filing/0001171843-22-007071.txt

## Key facts
- Earnings Releases
  TPI COMPOSITES, INC reported the third quarter ended September 30, 2022 results: revenue $459.3 million.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $459.3 million
  - Result: reported results
  source text: and either in operation, startup or transition during the period. Third Quarter 2022 Financial Results Net sales for the three months ended September 30, 2022, decreased 4.2% to $459.3 million as compared to $479.6 million in the same period in 2021 due to the following: Net sales of wind blades decreased by $25.7 million or 5.7% to $425.0 million for the three months
  evidence_url: https://www.sec.gov/Archives/edgar/data/1455684/000117184322007071/0001171843-22-007071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.