Timothy Pohl
On May 8, 2025, the Board appointed Mr. Neal Goldman and Mr. Timothy Pohl to serve as directors on the Board.
Highest-materiality recent filing
TPI Composites enters $20M asset sale agreement with ECP Blade Holdings in Chapter 11
ECP Blade Holdings to pay $20M cash for wind blade manufacturing assets in US and Mexico, plus assumption of liabilities.
TPI Composites sells India/Mexico wind blade assets to Vestas for ~$24M; DIP default triggered
India asset sale to Vestas for $10M cash; closing subject to Bankruptcy Court approval by June 30, 2026.
Sale closed Sept 10, 2025 after U.S. Bankruptcy Court approval; 2,700 Turkish employees transferred.
TPI Composites to sell Turkish subsidiaries to XCS for debt assumption; no cash proceeds
Seller (TPI Holdings) transfers 100% of two Turkish units to XCS Composites for assumption of €92.9M total debt.
Filed voluntary Chapter 11 petitions on August 11, 2025; cases jointly administered in Southern District of Texas.
TPI Composites files Chapter 11; secures up to $82.5M DIP financing from Oaktree
Filed voluntary Chapter 11 petitions in Southern District of Texas to restructure balance sheet.
TPI Composites approves $2.67M in retention bonuses for top executives
CEO William Siwek receives $1,225,459 retention bonus; CFO Ryan Miller $518,155.
Net sales $336.2M (+14.3% YoY); net loss $48.3M improved from $60.9M loss in Q1 2024.
TPI Composites receives Nasdaq deficiency notice for bid price below $1; 180 days to comply
Closing bid price below $1.00 for 30 consecutive business days triggers Nasdaq deficiency letter.
Q4 net sales $346.5M (+17.7%); net loss $49.1M (vs $14.6M net income in Q4 2023, impacted by $82.6M gain on extinguishment).
TPI Composites announces restructuring in Türkiye, cutting 20% of workforce
Restructuring committed in December 2024 due to lower forecasted 2025 demand for wind blades exported to Europe.
Net sales $380.8M (+2.8% YoY); net loss from cont ops $38.6M vs $43.0M loss prior year.
TPI Composites Q2 net sales $309.8M (-17.2%), adj EBITDA loss $24.9M; narrows 2024 margin guidance
Net loss from continuing ops $61.5M ($1.30 per share) vs $74.3M loss in prior year.
TPI Composites to sell automotive unit for $1, expects $20M impairment charge
Sells automotive subsidiary to CCI for $1; closing expected June 30, 2024.
TPI Composites Q1 net loss $61.8M, revenue down 26%; reaffirms FY2024 guidance
Net sales $299.1M, down 26.0% YoY; net loss from continuing ops $61.8M vs $30.3M loss in Q1 2023.
TPI Composites Q4 2023 net income $11.6M, guides 2024 adjusted EBITDA margin 1-3%
Q4 2023 net sales $297.0M (down 26.2% YoY); net income $11.6M vs loss $41.9M in Q4 2022.
TPI Composites refinances $436M preferred stock into $393M term loan; extends maturity to 2027
Converts $436M Series A Preferred Stock into $393M term loan and $43M exchanged for 3.9M common shares.
TPI Composites Q3 loss deepens; FY23 sales guidance cut to ~$1.5B, EBITDA margin loss ~5%
Net loss from continuing ops $72.8M ($1.71/sh) vs loss $21.8M in Q3 2022.
TPI Composites takes up to $23M charge after Proterra bankruptcy; guidance cut
Customer Proterra filed Chapter 11 and intends to reject bus body supply agreement with TPI.
TPI Composites Q2 net loss widens to $80.8M; cuts 2023 sales guidance to $1.525-1.575B
Q2 net loss from continuing ops $80.8M ($1.90/share) vs $25.3M loss YoY.
TPI Composites warns of Q2 net loss $78-83M, cuts FY 2023 revenue guidance to $1.525-1.575B
Preliminary Q2 2023 net sales ~$380M; net loss $78-83M; adjusted EBITDA loss $36-41M.
TPI Composites President and COO - Wind Ramesh Gopalakrishnan departs July 18, 2023
Ramesh Gopalakrishnan's employment ended July 18, 2023; he was President and COO - Wind.
TPI Composites Q1 net loss widens to $37.3M; sales up 17.6% to $404M
Net loss attributable to common stockholders $37.3M ($0.88 per share) vs $29.9M loss a year ago.
TPI Composites issues $132.5M of 5.25% convertible notes due 2028; conversion premium 30%
Issued $132.5M aggregate principal of 5.25% Convertible Senior Notes due 2028, including $17.5M from full exercise of initial purchasers' option.
Q4 net sales from continuing and discontinued ops $461.8M (+18.6% YoY); net loss attributable to common $57.8M ($1.38 loss per share).
TPI Composites announces restructuring plan, to close China factory and cut 18% of workforce
Ceasing production at Yangzhou, China facility; global headcount reduction of ~18%.
TPI Q3 net loss $1.5M, Adj EBITDA $16.4M; plans China plant closure, strategic deals with Vestas, GE
Net sales $459.3M (-4.2% YoY); net loss improved to $1.5M from $30.7M; diluted EPS -$0.39.
TPI Composites Q2 net loss narrows to $5.5M; free cash flow of $19.4M
Net sales down 1.4% YoY to $452.4M; net loss improved to $5.5M from $39.8M loss in Q2 2021.
TPI Composites Q1 net loss widens to $29.9M; revenue down 5% YoY
Net sales $384.9M, down 4.9% YoY; net loss to common $29.9M vs loss $1.8M YoY (diluted EPS -$0.71 vs -$0.05).
TPI Composites Q4 2021 net loss $93.3M, adj. EBITDA -$28.3M; full-year loss $165.6M
Q4 net sales $389.5M, down 16.3% YoY; wind blade sales fell 18.7% to $362.3M.
On May 8, 2025, the Board appointed Mr. Neal Goldman and Mr. Timothy Pohl to serve as directors on the Board.
On May 8, 2025, Edward C. Hall and Jennifer Lowry resigned from the board of directors (the “Board”) of TPI Composites, Inc.
On May 8, 2025, the Board appointed Mr. Neal Goldman and Mr. Timothy Pohl to serve as directors on the Board.
On May 8, 2025, Edward C. Hall and Jennifer Lowry resigned from the board of directors (the “Board”) of TPI Composites, Inc.
On November 7, 2024, TPI Composites, Inc. (the Company) announced that Jennifer Lowry will be appointed to its Board of Directors (the Board), effective as of November 13, 2024.
Jerry Lavine, the Company’s current President, Automotive and a named executive officer accepted an offer of employment from CCI and in connection therewith will be deemed to have resigned effective as of the Closing Date and is discharged from his duties with the Company effective as of the Closing Date.
On April 5, 2024, Linda Hudson and Philip Deutch each notified TPI Composites, Inc. (the “Company”) of their decisions to retire and not to stand for re-election to the Board of Directors (the “Board”) of the Company at the 2024 Annual Meeting of Stockholders (the “Annual Meeting”).
On April 9, 2024, the Company announced that Edward “Ned” Hall has been nominated to stand for election as a Class II director at the Annual Meeting to fill one of the vacancies created by the retirements of Ms. Hudson and Mr. Deutch.
On April 5, 2024, Linda Hudson and Philip Deutch each notified TPI Composites, Inc. (the “Company”) of their decisions to retire and not to stand for re-election to the Board of Directors (the “Board”) of the Company at the 2024 Annual Meeting of Stockholders (the “Annual Meeting”).
On March 6, 2024, Lance Marram notified TPI Composites, Inc. (the “Company”) of his decision to resign from his position as Chief Commercial Officer – Wind of the Company, effective March 15, 2024, to pursue other business opportunities.
On January 2, 2024, Andrew Moir notified TPI Composites, Inc. (the “Company”) of his resignation as a member of the Company’s board of directors, effective immediately.
Following his resignation, Mr. Moir will be appointed to a board observer role.
Max materiality 1.00 · Median 0.68 · Most common event earnings