TPI Composites, Inc. (TPIC) Misses Q4 EPS by 22c, Revenues Miss; Offers FY19 EPS Guidance Above Consensus, FY19 Revenue Mid-Point Guidance Above Consensus

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Go back to TPI Composites, Inc. (TPIC) Misses Q4 EPS by 22c, Revenues Miss; Offers FY19 EPS Guidance Above Consensus, FY19 Revenue Mid-Point Guidance Above Consensus

TPI Composites, Inc. Announces Fourth Quarter and Full Year 2018 Earnings Results

February 28, 2019 4:01 PM EST

SCOTTSDALE, Ariz., Feb. 28, 2019 (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, 2018.

Highlights

For the quarter ended December 31, 2018:

Net sales of $290.1 millionTotal billings of $304.8 millionNet loss of $8.8 million or $0.26 per diluted shareEBITDA of $3.8 million, with an EBITDA margin of 1.3%Adjusted EBITDA of $9.8 million, with an Adjusted EBITDA margin of 3.4%

For the full year... More