TPI Composites, Inc. (TPIC) Misses Q2 EPS by $1.65, Revenues Beat

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Go back to TPI Composites, Inc. (TPIC) Misses Q2 EPS by $1.65, Revenues Beat

TPI Composites, Inc. Announces Second Quarter 2020 Earnings Results – Extends Agreements with GE and Adds New Lines for Nordex in India and GE in Mexico - Adds Approximately $800 Million of Potentia

August 6, 2020 4:02 PM EDT

SCOTTSDALE, Ariz., Aug. 06, 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 second quarter ended June 30, 2020.

Highlights

For the quarter ended June 30, 2020:

Net sales of $373.8 millionNet loss of $66.1 million or $(1.87) per shareEBITDA loss of $2.6 millionAdjusted EBITDA of $3.3 million... More