TPI Composites, Inc. (TPIC) Tops Q1 EPS by 31c, Revenues Beat

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TPI Composites, Inc. Announces First Quarter 2020 Earnings Results – Delivering Growth and Maintaining Strong Liquidity while Taking Proactive Steps to Combat COVID-19 in Order to Ensure the Safety

May 7, 2020 4:01 PM EDT

SCOTTSDALE, Ariz., May 07, 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 first quarter ended March 31, 2020.

Highlights

For the quarter ended March 31, 2020:

Net sales of $356.6 millionNet loss of $0.5 million or $0.01 per shareEBITDA loss of $2.7 millionAdjusted EBITDA of $1.3 million... More