TPI Composites, Inc. (TPIC) Misses Q2 EPS by 9c, Revenues Beat; Offers FY18 EPS Guidance Below Consensus
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TPI Composites, Inc. Announces Second Quarter 2018 Earnings Results and Reaches a Record Level of Contract Value of $6.4 Billion
August 7, 2018 4:01 PM EDTSCOTTSDALE, Ariz., Aug. 07, 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 second quarter ended June 30, 2018.
Highlights
For the quarter ended June 30, 2018:
Net sales of $230.6 millionTotal billings of $237.4 millionNet loss of $4.1 million or $0.12 per diluted shareEBITDA of $10.1 million, with an EBITDA margin of 4.4%Adjusted EBITDA of $13.5 million, with an Adjusted EBITDA margin of 5.8%... More