TPI Composites, Inc. Announces Fourth Quarter and Full Year 2019 Earnings Results – Net Sales for the Year Up 40% and Strong Q4 Operational Results

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Go back to TPI Composites, Inc. Announces Fourth Quarter and Full Year 2019 Earnings Results – Net Sales for the Year Up 40% and Strong Q4 Operational Results

TPI Composites, Inc. (TPIC) Misses Q4 EPS by 3c, Revenues Beat; Offers FY20 Revenue Guidance

February 27, 2020 4:06 PM EST

TPI Composites, Inc. (NASDAQ: TPIC) reported Q4 EPS of ($0.02), $0.03 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $422.1 million versus the consensus estimate of $414.73 million.

For the quarter ended December 31, 2019:

Net sales of $422.1 millionTotal billings of $417.7 millionNet loss of $0.9 million or $0.02 per shareEBITDA of $20.1 millionAdjusted EBITDA of $31.8 million

TPI achieved solid topline and Adjusted EBITDA growth in the fourth quarter despite a challenging operating environment in 2019, said Steve Lockard, CEO... More