TPI Composites, Inc. (TPIC) Misses Q4 EPS by 3c, Revenues Beat; Offers FY20 Revenue Guidance
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TPI Composites, Inc. Announces Fourth Quarter and Full Year 2019 Earnings Results – Net Sales for the Year Up 40% and Strong Q4 Operational Results
February 27, 2020 4:01 PM ESTSCOTTSDALE, Ariz., Feb. 27, 2020 (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, 2019.
Highlights
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 millionFor the full year 2019:
Net sales of $1,436.5 millionTotal billings of $1,387.2 millionNet loss of $15.7 million or $0.45 per shareEBITDA of $54.0 millionAdjusted EBITDA of $81.9... More