---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-000913"
form_type: "8-K"
ticker: "TPICQ"
cik: "0001455684"
company_name: "TPI COMPOSITES, INC"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T19:01:07.693961+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# TPI Composites Q4 2023 net income $11.6M, guides 2024 adjusted EBITDA margin 1-3%

## Summary
- Q4 2023 net sales $297.0M (down 26.2% YoY); net income $11.6M vs loss $41.9M in Q4 2022.
- Adjusted EBITDA loss $28.1M in Q4 2023 vs gain $21.2M in Q4 2022; full-year loss $85.9M.
- Refinanced Oaktree's Series A Preferred into senior secured term loan, adding ~$190M liquidity and reducing up to $90M in future obligations.
- Extended and expanded supply agreements with Nordex in Turkey and GE Vernova in Mexico during Q4.
- 2024 guidance: net sales $1.3-1.4B, adjusted EBITDA margin 1-3%, utilization 75-80%, capex $25-30M.

## SEC filing metadata
- accession: 0001171843-24-000913
- form_type: 8-K
- ticker: TPICQ
- cik: 0001455684
- company_name: TPI COMPOSITES, INC
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1455684/000117184324000913/0001171843-24-000913-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1455684/000117184324000913/f8k_022224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-000913
- JSON: https://secwatch.observer/filing/0001171843-24-000913.json
- Plain text: https://secwatch.observer/filing/0001171843-24-000913.txt

## Key facts
- Earnings Releases
  TPI COMPOSITES, INC reported the fourth quarter and full year ended December 31, 2023 results: revenue $297.0 million, net income $11.6 million, EPS $0.27.
  - Period: the fourth quarter and full year ended December 31, 2023
  - Revenue: $297.0 million
  - Net income: $11.6 million
  - EPS: $0.27
  - Result: reported results
  source text: industry, we believe we are in excellent position to deliver for our customers and shareholders.” Fourth Quarter 2023 Results and Recent Business Highlights Net Sales totaled $297.0 million for the three months ended December 31, 2023, a decrease of 26.2% over the same period last year. Net Income from continuing operations attributable to common stockholders was
  evidence_url: https://www.sec.gov/Archives/edgar/data/1455684/000117184324000913/0001171843-24-000913-index.htm

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