Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
TPI Composites Inc (TPIC)
:TPIC
Holding TPIC?
Track your performance easily
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.44Last Year’s EPS
0.31Same Quarter Last Year
Based on 8 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -44.29%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While the company showed positive sequential growth, operational improvements, and future growth prospects, it faced significant challenges due to inflation, market competition, and reduced EBITDA guidance. The sentiment is balanced, with both positive and negative aspects highlighted.Company Guidance
During the third quarter of 2024, TPI Composites provided guidance illustrating substantial growth and operational improvements. Sales increased by 23% sequentially and 3% year-over-year, reaching $380.8 million, while adjusted EBITDA reached $8 million despite challenges. The company focused on transitioning to next-generation blades, achieving a utilization rate of 89% with 7 out of 10 lines in full production. Globally, TPI delivered 601 blade sets, representing 2.5 gigawatts of capacity. The firm anticipates strong fourth-quarter performance with over 90% utilization rates and robust free cash flow. TPI is strategically expanding its footprint, reopening its Iowa plant in mid-2025 and securing additional U.S. capacity to meet rising demand. However, the adjusted EBITDA outlook for the year was reduced to a loss of approximately 2%, reflecting operational challenges and inflationary pressures, particularly in Turkey. The company remains confident in its strategic positioning and anticipates continued growth in 2025, supported by increased production capabilities and a focus on innovation.Sequential Sales Growth
Sales grew 23% sequentially over the second quarter of this year and 3% over the third quarter of last year, indicating a return to growth mode.
Positive Adjusted EBITDA
The third quarter marked a return to positive adjusted EBITDA of $8 million, showing progress towards long-term EBITDA targets.
Operational Improvements
Utilization in the third quarter jumped to 89%, with 7 of the 10 lines in start-up or transition achieving full rate production.
Future Growth Prospects
Agreements to reopen the Iowa plant in mid-2025 and expansion in U.S., India, and Turkey markets are expected to drive future growth.
Strong Cash Position
$126 million in unrestricted cash and positive operating cash flow in the third quarter.
---
TPIC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
TPIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $2.80 | $2.82 | +0.71% |
| Aug 08, 2024 | $3.46 | $3.92 | +13.29% |
| May 02, 2024 | $3.64 | $3.74 | +2.75% |
| Feb 22, 2024 | $2.51 | $2.99 | +19.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does TPI Composites Inc (TPIC) report earnings?
TPI Composites Inc (TPIC) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is TPI Composites Inc (TPIC) earnings time?
TPI Composites Inc (TPIC) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TPIC EPS forecast?
TPIC EPS forecast for the fiscal quarter 2024 (Q4) is -0.44.
---