TPI Composites, Inc. (TPIC) Tops Q1 EPS by 16c
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TPI Composites, Inc. Announces First Quarter 2022 Earnings Results – Cost Mitigation Efforts and Transition Efficiencies Drive Solid Results
May 5, 2022 4:01 PM EDTSCOTTSDALE, Ariz., May 05, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the first quarter ended March 31, 2022.
We finished the first quarter ahead of our expectations driven by our ability to produce more sets than planned while also benefitting from the teams acute focus on driving out costs, said Bill Siwek, President and CEO of TPI Composites. Although the broader macro environment for the wind industry remains challenging, our results for this quarter demonstrate TPIs operational execution efficiencies and cost containment... More
