secwatch.observer — SEC 8-K summary
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Issuer:     TPI COMPOSITES, INC (TPICQ)
CIK:        0001455684
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001171843-23-004977
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TPI Composites Q2 net loss widens to $80.8M; cuts 2023 sales guidance to $1.525-1.575B
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- Q2 net loss from continuing ops $80.8M ($1.90/share) vs $25.3M loss YoY.
- Adjusted EBITDA loss of $38.9M, reversing $5.6M positive in Q2 2022.
- Revenue down 2.9% to $381.3M; blade sets produced 661 vs 675.
- Full-year 2023 sales guidance cut to $1.525-1.575B; adjusted EBITDA margin expected < -1%.
- Agreed in principle to add four GE blade lines in Juarez; quarterly cash balance $170M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1455684/000117184323004977/0001171843-23-004977-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1455684/000117184323004977/f8k_080323.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004977

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