TPI Composites, Inc. (TPIC) Tops Q3 EPS by 92c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus

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Go back to TPI Composites, Inc. (TPIC) Tops Q3 EPS by 92c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus

TPI Composites, Inc. Announces Third Quarter 2020 Earnings Results – Net Sales Increase by 23.5% - Net Income of $42.4 million and Adjusted EBITDA of $49.1 million – Provides 2020 Guidance

November 5, 2020 4:01 PM EST

SCOTTSDALE, Ariz., Nov. 05, 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 third quarter ended September 30, 2020.

Highlights

For the quarter ended September 30, 2020:

Net sales of $474.1 millionNet income of $42.4 million or $1.13 per diluted shareEBITDA of $27.2 millionAdjusted EBITDA of $49.1 million... More