Source-grounded facts extracted from TPI COMPOSITES, INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
TPI COMPOSITES, INC reported the three months ended December 31, 2022 results: revenue $461.8 million, net income $57.8 million. Guidance initiated.
“Net sales from continuing and discontinued operations for the three months ended December 31, 2022 totaled $461.8 million as compared to $389.5 million in the same period in 2021, an increase of 18.6%”
TPI COMPOSITES, INC announced a restructuring with charges of approximately $45 to $60 million affecting Yangzhou, China manufacturing facility (approximately 18%).
“On December 2, 2022, TPI Composites, Inc. (the Company) committed to a restructuring plan in order to rebalance the organization and optimize its global manufacturing footprint. In connection with the plan, and as previously announced on November 3, 2022 in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, the Company intends to cease production at its Yangzhou, China manufacturing facility. The Company will reduce its global headcount by approximately 18%, primarily in geographies most impacted by demand. The Company will take action under the restructuring plan beginning in December 2022. The Company currently estimates that it will recognize pre-tax charges to its 2022 financial results of approximately $45 to $60 million, consisting primarily of costs to shut down the Yangzhou manufacturing facility, severance and other one-time termination benefits, real estate-related charges, contract-related asset impairments and other costs.”
TPI COMPOSITES, INC reported the third quarter ended September 30, 2022 results: revenue $459.3 million.
“and either in operation, startup or transition during the period. Third Quarter 2022 Financial Results Net sales for the three months ended September 30, 2022, decreased 4.2% to $459.3 million as compared to $479.6 million in the same period in 2021 due to the following: Net sales of wind blades decreased by $25.7 million or 5.7% to $425.0 million for the three months”
Andrew Moir was appointed as Director at TPI COMPOSITES, INC.
“The Company appointed Mr. Moir to the Board on June 15, 2022.”
Peter Jonna resigned as Director at TPI COMPOSITES, INC.
“Following Peter Jonna’s resignation from the Board on June 10, 2022”
Peter Jonna resigned as Director at TPI COMPOSITES, INC.
“On June 8, 2022, Peter Jonna notified TPI Composites, Inc. (the “Company”) of his decision to resign from the Board of Directors of the Company (the “Board”), effective June 10, 2022.”
Ryan Miller was appointed as Chief Financial Officer at TPI COMPOSITES, INC.
“the appointment of Ryan Miller as the Company’s new Chief Financial Officer, effective May 23, 2022.”
Daniel Weiss departed as Director at TPI COMPOSITES, INC.
“On March 30, 2022, Jack Henry and Daniel Weiss notified TPI Composites, Inc. (the “Company”) of their decision to retire and not to stand for re-election to the Board of Directors (the “Board”) of the Company at the 2022 Annual Meeting of Stockholders (the “Annual Meeting”).”
Jack Henry departed as Director at TPI COMPOSITES, INC.
“On March 30, 2022, Jack Henry and Daniel Weiss notified TPI Composites, Inc. (the “Company”) of their decision to retire and not to stand for re-election to the Board of Directors (the “Board”) of the Company at the 2022 Annual Meeting of Stockholders (the “Annual Meeting”).”
Peter Jonna was appointed as Class III Director at TPI COMPOSITES, INC.
“The Purchasers have designated Peter Jonna as their representative and the Company appointed Mr. Jonna to the Board on December 22, 2021.”
Lance Marram was appointed as Chief Commercial Officer at TPI COMPOSITES, INC.
“TPI Composites, Inc. (the Company) has appointed Lance Marram as Chief Commercial Officer, effective January 1, 2022, reporting to the Chief Executive Officer.”
Hilderhoff departed as Chief Commercial Officer at TPI COMPOSITES, INC.
“On December 13, 2021, the Company notified Mr. Hilderhoff that his last date of employment with the Company as its Chief Commercial Officer will be December 31, 2021.”
Adan Gossar was appointed as Interim Chief Financial Officer at TPI COMPOSITES, INC.
“On December 13, 2021, the Company’s board of directors (the “Board”) appointed Adan Gossar, the Company’s Chief Accounting Officer and Principal Accounting Officer, as the interim Chief Financial Officer and Principal Financial Officer of the Company, effective December 16, 2021.”
Bryan R. Schumaker resigned as Chief Financial Officer at TPI COMPOSITES, INC.
“On December 13, 2021, Bryan R. Schumaker notified TPI Composites, Inc. (the “Company”) of his intention to resign from his position as Chief Financial Officer of the Company.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.