TPI Composites Inc

TPIC

Equity

ISIN null / Valor 32978234

NASDAQ (2025-08-18)

USD 0.13-45.9%

TPI Composites Inc
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About company

TPI Composites Inc., based in Scottsdale, Arizona, is a prominent global manufacturer of composite wind turbine blades, capturing around 27% of the worldwide onshore market by megawatt capacity outside China in 2024. Founded in 1968 and shifting to wind blade production in 2001, the company operates manufacturing facilities in the United States, Mexico, Turkey, and India, supported by engineering centers in Denmark and Germany and service training centers across the U.S. and Europe. In 2024, TPI achieved $1.3 billion in net sales and produced 6,525 wind blades, facilitating major wind turbine original equipment manufacturers in expanding their blade production through outsourcing. The company specializes in producing advanced composite blades tailored to customer specifications, strategically locating its facilities to minimize costs. Additionally, TPI offers comprehensive wind blade services, including preventative maintenance, inspections, repairs, and upgrades, supported by a global team of experienced technicians.

Summarized from source with an LLMView SourceSector:

Revenue Growth

In Q1 2025, TPI Composites Inc reported net sales of $336.2 million, marking a 14.3% increase compared to Q1 2024. This revenue boost underlines the company’s ability to drive growth despite market challenges.

Improved Profitability Metrics

The company narrowed its net loss from continuing operations attributable to common stockholders to ($48.3) million in Q1 2025, an improvement from a net loss of ($60.9) million in Q1 2024. Additionally, the adjusted EBITDA loss was reduced to ($10.3) million from ($23.0) million, signifying progress in operational efficiency.

Strong Liquidity and Cash Flow

TPI Composites Inc concluded the quarter with $172 million in unrestricted cash and achieved an operating cash flow of $4.6 million, laying a solid financial foundation for future investments and potential growth opportunities.

Operational and Production Updates

The company reported a Q1 utilization rate of 70%, and six production lines are in startup or transition, with the Iowa facility slated to start production in Q2 2025. This expansion underscores TPI Composites Inc's commitment to meeting market demand and improving profitability throughout 2025.

Summarized from source with an LLMView Source

Key figures

-96.8%1Y

-99.4%3Y

-99.6%5Y

Performance

203%1Y

143%3Y

121%5Y

Volatility