TPI Composites, Inc. Announces Third Quarter 2019 Earnings Results – Net Sales up 50% and Adjusted EBITDA up 57%
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TPI Composites, Inc. (TPIC) Tops Q3 EPS by 3c, Revenues Miss; Lowers FY19 Billings Outlook, Affirms FY19 EPS/Revenue Guidance
November 6, 2019 4:16 PM ESTTPI Composites, Inc. (NASDAQ: TPIC) reported Q3 EPS of ($0.13), $0.03 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $383.8 million versus the consensus estimate of $398.95 million.
For the quarter ended September 30, 2019:
Net sales of $383.8 millionTotal billings of $385.6 millionNet loss of $4.6 million or $0.13 per shareEBITDA of $26.3 millionAdjusted EBITDA of $27.6 millionTPI generated solid financial results for the third quarter delivering 50% top line and 57%... More
