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TPI Composites (TPIC)
NASDAQ:TPIC
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.51Last Year’s EPS
-1.3Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -38.36%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth, operational improvements, and strong cash flow, indicating a positive outlook for 2025. However, challenges remain with underutilization in Turkey and India, legacy warranty costs, and regulatory uncertainties.Company Guidance
During TPI Composites' fourth quarter earnings call for fiscal year 2024, the company provided guidance for significant financial improvement in 2025. They expect revenue from continuing operations to increase to between $1.4 billion and $1.5 billion, driven by increased blade shipments from Mexico for the U.S. market. Adjusted EBITDA is projected to improve by over $80 million compared to 2024. Key improvements are anticipated from higher sales volume, lower start-up and transition costs, and the absence of losses from the Nordex Matamoros facility. The company plans to maintain 34 dedicated production lines, with utilization expected to improve to the mid-80s percentage range, up from 77% in 2024. Capital expenditures are projected to be between $25 million and $30 million, excluding potential new U.S. facility investments. Additionally, TPI is focusing on the implementation of Blade Assure to enhance manufacturing quality and operational efficiency.Strong Revenue Growth
Fourth quarter revenue increased year-over-year by over 17% with utilization of 91%, and free cash flow was very strong at $83 million.
Operational Improvements
Decisive restructuring actions, including divesting the automotive business and shutting down the Nordex Matamoros plant, improved performance.
Positive Cash Flow and Financial Position
Ended the year with $197 million of unrestricted cash and free cash flow improved significantly.
Technological Advancements
Launched Blade Assure, a combination of technologies for quality control in wind turbine blade manufacturing.
Positive Outlook for 2025
Anticipates significant financial improvement in 2025 with expected revenue from continuing operations to increase to a range of $1.4 billion to $1.5 billion.
Cost Savings Initiatives
Projected year-over-year decrease in raw material costs of nearly 8% due to supply chain optimization.
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TPIC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TPIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $1.46 | $1.46 | 0.00% |
| Nov 07, 2024 | $2.80 | $2.82 | +0.71% |
| Aug 08, 2024 | $3.46 | $3.92 | +13.29% |
| May 02, 2024 | $3.64 | $3.74 | +2.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TPI Composites (TPIC) report earnings?
TPI Composites (TPIC) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is TPI Composites (TPIC) earnings time?
TPI Composites (TPIC) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TPIC EPS forecast?
TPIC EPS forecast for the fiscal quarter 2025 (Q1) is -0.51.
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