---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002820"
form_type: "8-K"
ticker: "TPICQ"
cik: "0001455684"
company_name: "TPI COMPOSITES, INC"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:52:41.815824+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TPI Composites Q1 net loss widens to $37.3M; sales up 17.6% to $404M

## Summary
- Net loss attributable to common stockholders $37.3M ($0.88 per share) vs $29.9M loss a year ago.
- Net sales up 17.6% to $404.1M; wind blade sets produced up 20%, utilization 84%.
- Adjusted EBITDA improved to $8.4M from $6.1M; issued $132.5M of 5.25% green convertible notes.
- 2023 guidance: net sales $1.6B-$1.7B, adjusted EBITDA low single-digit; capex raised to $40M-$45M.
- Operating cash used $83.9M, driven by China shutdown costs and contract asset growth.

## SEC filing metadata
- accession: 0001171843-23-002820
- form_type: 8-K
- ticker: TPICQ
- cik: 0001455684
- company_name: TPI COMPOSITES, INC
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1455684/000117184323002820/0001171843-23-002820-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1455684/000117184323002820/f8k_050323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002820
- JSON: https://secwatch.observer/filing/0001171843-23-002820.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002820.txt

## Key facts
- Earnings Releases
  TPI COMPOSITES, INC reported financial results for the first quarter ended March 31, 2023.
  - Period: the first quarter ended March 31, 2023
  - Result: reported results
  source text: On May 3, 2023, TPI Composites, Inc. (the Company) issued a press release announcing its financial results for the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1455684/000117184323002820/0001171843-23-002820-index.htm

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