TPI Composites, Inc. Announces First Quarter 2021 Earnings Results – Operational Execution Fuels Double-Digit Net Sales Growth

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Go back to TPI Composites, Inc. Announces First Quarter 2021 Earnings Results – Operational Execution Fuels Double-Digit Net Sales Growth

TPI Composites, Inc. (TPIC) Tops Q1 EPS by 13c, Revenues Miss; Offers FY21 Revenues Guidance

May 6, 2021 4:20 PM EDT

TPI Composites, Inc. (NASDAQ: TPIC) reported Q1 EPS of ($0.05), $0.13 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $404.7 million versus the consensus estimate of $410.69 million.

For the quarter ended March 31, 2021:

Net sales of $404.7 millionNet loss of $1.8 million or $0.05 per diluted shareEBITDA of $5.4 millionAdjusted EBITDA of $13.1 million

We delivered strong top line and adjusted EBITDA results in the first quarter despite normal seasonality we experience at the beginning of the year, said Bill Siwek, President and... More