TPI Composites, Inc. (TPIC) Misses Q4 EPS by 2c

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TPI Composites, Inc. Announces Fourth Quarter and Full Year 2017 Earnings Results

March 8, 2018 4:02 PM EST

SCOTTSDALE, Ariz., March 08, 2018 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, today reported financial results for the fourth quarter and full year ended December 31, 2017.

Highlights

For the quarter ended December 31, 2017:

Net sales of $247.1 millionTotal billings of $242.7 millionNet income of $5.9 million or $0.17 per diluted share EBITDA of $20.9 million, with an EBITDA margin of 8.4% Adjusted EBITDA of $25.1 million, with an Adjusted EBITDA margin of 10.2%

For the... More