UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 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 ...

SCOTTSDALE, Ariz., Feb. 22, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2023. "Once again, we demonstrated our ability to navigate a challenging macro environment and finished 2023 with $161 million of unrestricted cash, resulting from a significant improvement in working capital. Throughout the year, we took advantage of the opportunity to strengthen our strategic position ahead of the wind market's a ...

This presentation also contains estimates and other information concerning our industry that are based on industry publications, surveys and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information • Appendix Legal Disclaimer The forward-looking statements in this presentation represent our views as of the date of this presentation. We anticipate that subsequent events and developments will cause our ...

TPI Composites, Inc. (NASDAQ:TPIC) Q3 2023 Earnings Conference Call November 2, 2023 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 Eric Stine - Craig-Hallum Morgan Reid - Bank of America Pavel Molchanov - Raymond James Jeff Osborne - TD Cowen Operator Hello and welcome to the TPI Composites Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note ...

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 September 30, 2023 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) (State or other jurisdiction of incorporation or organization) Delaware 20-1590775 (I.R ...

Q2 2023 Financial Performance - Net sales decreased by 2.9% to $381.3 million compared to $392.5 million in Q2 2022[7, 12] - Net loss attributable to common stockholders was ($80.8) million, a significant increase from ($25.3) million in Q2 2022[8, 12] - Adjusted EBITDA was a loss of ($38.9) million, compared to a profit of $5.6 million in Q2 2022[7, 8, 13] - Utilization was 85%, down from 88% in Q2 2022[8, 12, 13] Balance Sheet and Cash Flow - Cash and cash equivalents totaled $170.1 million[8, 14, 16] - Total debt principal was $195.5 million[14, 26] - Net cash (debt) was ($23.6) million[14, 26] - Free cash flow was $6.2 million in Q2 2023[15, 16] 2023 Guidance Update - Sales from continuing operations are now projected to be $1.525 billion to $1.575 billion, revised from the previous guidance of $1.6 billion to $1.7 billion[17] - Adjusted EBITDA margin % from continuing operations is expected to be a loss of less than (1%), revised from a low single-digit profit[17] - Utilization is projected to be 80% to 85% on 37 lines, revised from 85% to 90%[17] - Capital expenditures are still expected to be $40 million to $45 million[17]

TPI Composites, Inc. (NASDAQ:TPIC) Q2 2023 Earnings Conference Call August 3, 2023 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 Julien Dumoulin-Smith – Bank of America Mark Strouse – JPMorgan Justin Clare – ROTH MKM Eric Stine – Craig-Hallum Joseph Osha – Guggenheim Partners Sherif Elmaghrabi – BTIG Pavel Molchanov – Raymond James Operator Hello, and welcome to the TPI ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q For the quarterly period ended June 30, 2023 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) (State or other jurisdiction of incorporation or organization) Delaware 20-1590775 (I.R.S. E ...

Financial Data and Key Metrics Changes - Total sales increased by nearly 18% year-over-year to $404 million, with adjusted EBITDA rising 38% to $8.4 million [3][16] - Net loss attributed to common stockholders was $37.3 million, compared to a net loss of $29.9 million in the same period last year [18] - Adjusted EBITDA for Q1 2023 totaled $8.4 million, up from $6.1 million in Q1 2022, driven by higher sales and cost reduction initiatives [19] Business Line Data and Key Metrics Changes - Wind sales increased by 20.5% year-over-year, primarily due to a 20% increase in the number of wind blades produced and higher average sales prices [16] - Field services sales decreased by $2.7 million due to fewer technicians deployed on revenue-generating projects [17] - Automotive sales decreased by $2.6 million, attributed to a reduction in composite bus bodies produced [18] Market Data and Key Metrics Changes - The global wind market remains challenging, but demand is expected to strengthen once regulatory uncertainties are resolved [12] - The EU aims to reach 42.5% renewable energy by 2030, which could relieve permitting for 100 gigawatts of wind energy [11] - The supply chain situation has improved significantly compared to the last two years, with raw material costs expected to trend down [10] Company Strategy and Development Direction - The company plans to use proceeds from a recent $110 million green convertible senior notes offering to support growth and sustainability initiatives [4] - TPI aims to expand its operations and market share as demand for wind energy increases, projecting wind revenue to exceed $2 billion in the coming years [12][14] - The company is exploring strategic alternatives for its automotive business to enable faster scaling [9] Management's Comments on Operating Environment and Future Outlook - Management remains confident in the energy transition and believes TPI is well-positioned to capitalize on industry growth [24] - The company expects to see order books begin to build once more regulatory guidance is provided [33] - Management acknowledges ongoing inflationary pressures but anticipates improvements in raw material and logistics costs in the second half of the year [22] Other Important Information - The company plans to increase capital expenditures guidance from $25 million to a range of $40 million to $45 million for 2023 [22] - TPI is focused on enhancing corporate governance practices, including phasing out a staggered Board and eliminating supermajority voting requirements [5] Q&A Session Summary Question: Visibility on the 44 lines mentioned - Management has signed memorandums of understanding for the majority of the 44 lines and is in discussions for potential expansion [26][27] Question: Confidence in liquidity and financing - The recent convertible note issuance provides ample financial flexibility, and management is focused on maintaining an efficient balance sheet [28][29] Question: Impact of guidance on project progress - Some developers are waiting for guidance before moving forward, but others are proceeding with projects [32][33] Question: Timeline for contracts and operational capability - Start-up timelines vary by location, with India expected to start by the end of the year and full ramp-up by 2025 [40] Question: Incorporating inflation into contracts - There is increased awareness of inflation in contract negotiations, with more focus on shared pain/gain structures [41][42] Question: Collaboration with Vestas - The relationship with Vestas has become more strategic, similar to interactions with other customers [44][46]

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 March 31, 2023 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) (State or other jurisdiction of incorporation or organization) Delaware 20-1590775 (I.R.S. ...