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Mar 31, 2022
TPI Composites Q1 2022 Earnings Report
Reported a decrease in net sales but demonstrated operational execution efficiencies and cost containment efforts.
Key Takeaways
TPI Composites reported a decrease in net sales for the first quarter of 2022, driven by a reduction in wind blade production and currency fluctuations. However, the company highlighted its operational execution efficiencies and cost containment efforts, which helped to exceed expectations. The company is navigating supply chain, logistic, and cost headwinds in the wind industry.
Net sales decreased by 4.9% to $384.9 million compared to the same period in 2021.
Net loss attributable to common stockholders was $29.9 million, compared to a net loss of $1.8 million in the same period in 2021.
Adjusted EBITDA decreased to $6.1 million compared to $13.1 million in the same period in 2021.
Capital expenditures were $5.5 million, compared to $18.8 million in the same period in 2021.
Revenue by Segment
Forward Guidance
For the full year ending December 31, 2022, the company reiterated its guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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