8-K
filed February 22, 2023, 6:59 PM ET
ticker TPICQ
CIK 0001455684
earnings
confidence high
sentiment neutral
materiality 0.70
TPI Composites Q4 net loss $57.8M, adj. EBITDA $40.8M; China shutdown, FY2023 sales guidance $1.6-1.7B
TPI COMPOSITES, INC
2022-FY EPS reported
-$2.96
revenue$1,522,741,000
- Q4 net sales from continuing and discontinued ops $461.8M (+18.6% YoY); net loss attributable to common $57.8M ($1.38 loss per share).
- Full year 2022 net sales $1.76B (+1.5% YoY); net loss $124.2M ($2.96 loss per share); adjusted EBITDA $73.6M vs $2.4M in 2021.
- Ceased production at Yangzhou, China facility as of Dec 31, 2022; restructuring plan to shut down China operations.
- Extended supply agreements with ENERCON through 2025, GE through 2025, and agreed long-term framework with Vestas; Nordex extension and new India lines.
- FY2023 guidance: net sales from continuing ops $1.6-1.7B, adjusted EBITDA margin low single-digit, utilization 85-90%, capex ~$25M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
TPI COMPOSITES, INC reported the three months ended December 31, 2022 results: revenue $461.8 million, net income $57.8 million. Guidance initiated.
- Period
- the three months ended December 31, 2022
- Revenue
- $461.8 million
- Net income
- $57.8 million
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Net sales from continuing and discontinued operations for the three months ended December 31, 2022 totaled $461.8 million as compared to $389.5 million in the same period in 2021, an increase of 18.6%
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
TPI COMPOSITES, INC reported the year ended December 31, 2022 results: net income $124.2 million. Guidance initiated.
- Period
- the year ended December 31, 2022
- Net income
- $124.2 million
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Net loss attributable to common stockholders was $124.2 million for the year ended December 31, 2022, and $57.8 million for the three months ended December 31, 2022.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.