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Dec 31, 2021
TPI Composites Q4 2021 Earnings Report
Reported a decrease in net sales for the fourth quarter of 2021, impacted by revenue deferral and supply chain challenges.
Key Takeaways
TPI Composites announced a decrease in net sales for the fourth quarter of 2021, primarily due to a decline in wind blade production and foreign currency fluctuations. The company reported a net loss attributable to common stockholders and a decrease in adjusted EBITDA compared to the same period in 2020.
Net sales decreased by 16.3% to $389.5 million compared to Q4 2020.
Net sales of wind blades decreased by 18.7% to $362.3 million.
Net loss attributable to common stockholders was $93.3 million, compared to net income of $5.2 million in Q4 2020.
Adjusted EBITDA decreased to ($28.3) million, compared to $40.8 million in the same period in 2020.
Revenue by Segment
Forward Guidance
TPI Composites expects the operating environment to remain challenging in 2022, but the long-term drivers for wind energy remain intact.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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