TPI Composites, Inc. Announces Fourth Quarter and Full Year 2020 Earnings Results – Double Digit Full Year Net Sales Growth

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Go back to TPI Composites, Inc. Announces Fourth Quarter and Full Year 2020 Earnings Results – Double Digit Full Year Net Sales Growth

TPI Composites, Inc. (TPIC) Tops Q4 EPS by 2c, Revenues Beat; Offers FY21 Revenue Mid-Point Outlook Above Consensus

February 25, 2021 4:26 PM EST

TPI Composites, Inc. (NASDAQ: TPIC) reported Q4 EPS of $0.14, $0.02 better than the analyst estimate of $0.12. Revenue for the quarter came in at $465.6 million versus the consensus estimate of $449.69 million.

For the quarter ended December 31, 2020:

Net sales of $465.6 millionNet income of $5.2 million or $0.14 per diluted shareEBITDA of $30.5 millionAdjusted EBITDA of $40.8 million

We finished 2020 strong with 27% growth in adjusted EBITDA in the fourth quarter of 2020 while expanding this margin by 120 basis points year-over-year to 8.8%, said Bill Siwek, President and CEO of TPI Composites. For the full year 2020, with... More