---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006675"
form_type: "8-K"
ticker: "TPICQ"
cik: "0001455684"
company_name: "TPI COMPOSITES, INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:56:42.771309+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TPI Composites Q3 loss deepens; FY23 sales guidance cut to ~$1.5B, EBITDA margin loss ~5%

## Summary
- Net loss from continuing ops $72.8M ($1.71/sh) vs loss $21.8M in Q3 2022.
- Adjusted EBITDA loss $27.4M, down from $5.1M; $22.6M Proterra bankruptcy charge and $13.5M warranty charge.
- Net sales $372.9M (-3% YoY); wind blades +1.8% to $362.2M, automotive -75% to $2.6M.
- FY23 guidance cut: net sales ~$1.5B (from $1.525-1.575B); adj EBITDA margin loss ~5% (from loss 2-3%).
- Unrestricted cash $160.6M; Q3 free cash flow use $20.8M.

## SEC filing metadata
- accession: 0001171843-23-006675
- form_type: 8-K
- ticker: TPICQ
- cik: 0001455684
- company_name: TPI COMPOSITES, INC
- filed_at: 2023-11-02T23:59:59+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/1455684/000117184323006675/0001171843-23-006675-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1455684/000117184323006675/f8k_110223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006675
- JSON: https://secwatch.observer/filing/0001171843-23-006675.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006675.txt

## Key facts
- Earnings Releases
  TPI COMPOSITES, INC reported the three months ended September 30, 2023 results: revenue $372.9 million, net income $72.8 million, EPS $1.71.
  - Period: the three months ended September 30, 2023
  - Revenue: $372.9 million
  - Net income: $72.8 million
  - EPS: $1.71
  - Result: reported results
  source text: the globe and we are ready and look forward to increasing our role when the wind market turns for the better.” Third Quarter 2023 Continuing Operations Results Net Sales totaled $372.9 million for the three months ended September 30, 2023, a decrease of 3.0% over the same period last year Net loss from continuing operations attributable to common stockholders was $72.8
  evidence_url: https://www.sec.gov/Archives/edgar/data/1455684/000117184323006675/0001171843-23-006675-index.htm

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