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

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

February 25, 2021 4:01 PM EST

SCOTTSDALE, Ariz., Feb. 25, 2021 (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, 2020.

Highlights

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

For the full year 2020:

Net sales of $1,670.1 millionNet loss of $19.0 million or $0.54 per diluted shareEBITDA of $52.3... More