TPI Composites, Inc. Announces Second Quarter 2019 Earnings Results

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Go back to TPI Composites, Inc. Announces Second Quarter 2019 Earnings Results

TPI Composites, Inc. (TPIC) Tops Q2 EPS by 31c, Revenues Beat; Offers FY19 EPS Guidance Below Consensus, FY19 Revenue Mid-Point Guidance Above Consensus

August 7, 2019 4:29 PM EDT

TPI Composites, Inc. (NASDAQ: TPIC) reported Q2 EPS of $0.05, $0.31 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $330.5 million versus the consensus estimate of $328.23 million.

For the quarter ended June 30, 2019:

Net sales of $330.8 millionTotal billings of $304.5 millionNet income of $1.8 million or $0.05 per shareEBITDA of $11.7 millionAdjusted EBITDA of $19.5 million

We delivered solid operational and financial performance in the second quarter through our continued focus on execution, operating efficiency and commitment to our customer and supplier relationships, said Steve Lockard, CEO of TPI... More