earnings
confidence high
sentiment negative
materiality 0.85
TPI Composites Q1: sales up 14%, net loss $48.3M, cuts FY EBITDA margin guidance, launches strategic review
TPI COMPOSITES, INC
2025-Q1 EPS
reported -$1.01
vs consensus -$0.59
▼ miss
(-71.3%)
- Net sales $336.2M (+14.3% YoY); net loss $48.3M improved from $60.9M loss in Q1 2024.
- Adjusted EBITDA loss $10.3M vs $23.0M loss last year; FY 2025 adj EBITDA margin guidance cut to 0%-2% from 2%-4%.
- Initiated strategic review of business to optimize capital structure; no timetable set.
- Ended Q1 with $171.9M cash; operating cash flow $4.6M; received Nasdaq minimum bid non-compliance notice.
- Utilization at 70% (guidance 80-85%); six lines in startup/transition; Newton, IA restart in Q2.