TPI Composites, Inc. (TPIC) Misses Q3 EPS by $1.09; Offers FY23 Revenue Guidance

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Go back to TPI Composites, Inc. (TPIC) Misses Q3 EPS by $1.09; Offers FY23 Revenue Guidance

TPI Composites, Inc. Announces Third Quarter 2023 Earnings Results

November 2, 2023 4:06 PM EDT

SCOTTSDALE, Ariz., Nov. 02, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the third quarter ended September 30, 2023.

"I was pleased with the results of our focus on cash flow and liquidity in the quarter as we finished with $161 million of unrestricted cash. Our team executed numerous cash flow initiatives to help us navigate a quarter that included a $22.6 million charge related to the bankruptcy of an automotive customer as well as an incremental $13.5 million charge for the warranty campaign we announced in... More