---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-001097"
form_type: "8-K"
ticker: "TPICQ"
cik: "0001455684"
company_name: "TPI COMPOSITES, INC"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:40:05.209199+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TPI Composites Q4 net loss $57.8M, adj. EBITDA $40.8M; China shutdown, FY2023 sales guidance $1.6-1.7B

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-001097
- form_type: 8-K
- ticker: TPICQ
- cik: 0001455684
- company_name: TPI COMPOSITES, INC
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1455684/000117184323001097/0001171843-23-001097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1455684/000117184323001097/f8k_022223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-001097
- JSON: https://secwatch.observer/filing/0001171843-23-001097.json
- Plain text: https://secwatch.observer/filing/0001171843-23-001097.txt

## Key facts
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1455684/000117184323001097/0001171843-23-001097-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1455684/000117184323001097/0001171843-23-001097-index.htm

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