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TPI Composites(TPIC) - 2024 Q2 - Earnings Call Transcript
2024-08-09 02:30
TPI Composites, Inc. (NASDAQ:TPIC) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Jason Wegmann - IR Bill Siwek - President & CEO Ryan Miller - CFO Conference Call Participants Eric Stine - Craig-Hallum Drew Chamberlain - JPMorgan Pavel Molchanov - Raymond James Jeff Osborne - TD Cowen Greg Wasikowski - Webber Research Justin Clare - ROTH Capital Partners Operator Good afternoon, everyone, and welcome to the TPI Composites Second Quarter 2024 Earnings Conference Call. [Opera ...
TPI Composites (TPIC) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-08-08 22:41
TPI Composites (TPIC) came out with a quarterly loss of $1.23 per share versus the Zacks Consensus Estimate of a loss of $0.69. This compares to loss of $1.90 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -78.26%. A quarter ago, it was expected that this maker of composite wind blades would post a loss of $0.72 per share when it actually produced a loss of $1.31, delivering a surprise of -81.94%. Over the last four quarters, ...
TPI Composites(TPIC) - 2024 Q2 - Quarterly Report
2024-08-08 20:35
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-37839 TPI Composites, Inc. (Exact name of registrant as specified in its charter) Delaware 20-1590775 (State or other jurisdiction of incorporation or organization) (I.R.S. E ...
TPI Composites(TPIC) - 2024 Q2 - Quarterly Results
2024-08-08 20:26
EXHIBIT 99.1 TPI Composites, Inc. Announces Second Quarter 2024 Earnings Results – Remains Well Positioned for a Recovery in the Second Half of 2024 SCOTTSDALE, Ariz., Aug. 08, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the second quarter ended June 30, 2024. "In the second quarter we were able to complete the divestiture of our Automotive business and we closed the Nordex Matamoros plant for Nordex, two loss making businesses that have negatively impa ...
TPI Composites, Inc. Announces Second Quarter 2024 Earnings Results – Remains Well Positioned for a Recovery in the Second Half of 2024
GlobeNewswire News Room· 2024-08-08 20:04
SCOTTSDALE, Ariz., Aug. 08, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the second quarter ended June 30, 2024. "In the second quarter we were able to complete the divestiture of our Automotive business and we closed the Nordex Matamoros plant for Nordex, two loss making businesses that have negatively impacted TPI's performance. We also continued the ramp of ten lines either in startup or transition. As these lines enter serial production and utilizati ...
TPI Composites (TPIC) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2024-08-07 14:20
The upcoming report from TPI Composites (TPIC) is expected to reveal quarterly loss of $0.68 per share, indicating an increase of 64.2% compared to the year-ago period. Analysts forecast revenues of $316.92 million, representing a decrease of 16.9% year over year. Over the last 30 days, there has been an upward revision of 1.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the cour ...
TPI Composites, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call
GlobeNewswire News Room· 2024-07-18 20:05
SCOTTSDALE, Ariz., July 18, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (Nasdaq: TPIC) today announced that the company will release its second quarter 2024 results after the market close on Thursday, August 8, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-800-343-4136, or for international callers, 1-203-518-9843. The Conference ID for the live call is "TPIC". A replay will be available t ...
TPI Composites (TPIC) Inks Deal to Sell Automotive Business
ZACKS· 2024-06-18 16:25
Clear Creek Investments is a multi-stage investor that puts capital in companies across the Food, Water and Energy (transition & transformation) sectors that focus on driving climate solutions and climate resiliency. TPI Composite's Automotive business will be a strategic fit for CCI, given its success in developing innovative solutions for the transportation market. CCI will provide capital to Senvias to serve customers in the electric vehicle market. For 2024, TPI Composite expects net sales from continui ...
TPI Composites Announces Agreement to Divest Automotive Business Unit as a Part of Continued Focus on Wind
Newsfilter· 2024-06-17 20:02
"We are proud of the progress that the automotive team has made in growing this business and developing innovative solutions for the transportation market and are confident that CCI will provide the new capital and focus to enable the Automotive business to grow and serve its customers in the electric vehicle market," added Mr. Siwek. Investor Relations 480-315-8742 investors@tpicomposites.com Forward-Looking Statements SCOTTSDALE, Ariz., June 17, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (NASDAQ ...
TPI Composites(TPIC) - 2024 Q1 - Earnings Call Transcript
2024-05-03 03:24
TPI Composites, Inc. (NASDAQ:TPIC) Q1 2024 Earnings Conference Call May 3, 2024 5:00 PM ET Company Participants Jason Wegmann - Investor Relations Bill Siwek - President and Chief Executive Officer Ryan Miller - Chief Financial Officer Conference Call Participants Mark Strouse - JPMorgan Pavel Malikov - Raymond James Eric Stine - Craig Hallum Jeffrey Osborne - TD Cowen Tom Curran - Seaport Research Partners William Griffin - UBS Operator Good afternoon, and welcome to the TPI Composites First Quarter 2024 E ...