NASDAQ$TPICQ

TPI Composites Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a decrease in net sales but demonstrated operational execution efficiencies and cost containment efforts.

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.

Headline financials

Total Revenue

$385M

Previous: $405M-4.9%
EPS (adj)

-$0.71

Previous: -$0.05-1320.0%
Capital Expenditures

-$5.52M

Previous: -$18.8M+70.6%
Free Cash Flow

-$86.6M

Previous: -$12M-618.7%
Net Income

-$15.8M

Previous: -$1.8M-779.2%
Operating Income

-$12.8M

Previous: -$3.21M-300.3%
Gross Profit

-$1.63M

Previous: $7.27M-122.4%
Cash & Equivalents

$131M

Previous: $136M-3.9%
Total Assets

$996M

Previous: $954M+4.4%
Stock-Based Comp

$3.31M

Previous: $2.4M+37.9%

Revenue & EPS history

TPI Composites · Revenue · Quarterly

$385M

Q1 2022-4.9%vs Q1 2021
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

TPI Composites · $355M total across 1 segment · Q1 2022

  • Wind Blades, Tooling & Other
    $355M-6.5%

Forward guidance

For the full year ending December 31, 2022, the company reiterated its guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+2.3%

Avg return

Earnings day

-0.8%

Avg return

5 days after

-1.4%

Avg return

30 days after

44%

19 / 43 earnings

Positive

+105.9%

Q3 2025

Best reaction

-44.4%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2024+0.0%+0.0%-27.3%
Q3 2025+105.9%+18.5%+3.7%
Q2 2025-44.4%-18.1%-88.9%
Q1 2025-15.1%+0.0%+28.7%
Q3 2024-4.7%-23.3%-46.6%
Q2 2024+19.9%+19.1%+10.6%
Q1 2024+12.3%+21.0%+64.6%
Q4 2023+15.4%+20.1%+4.6%
Q3 2023-9.6%-14.7%+14.7%
Q2 2023+11.1%+0.8%-15.6%
Q1 2023-15.3%-16.5%+5.3%
Q4 2022+18.1%+20.9%-3.7%
Q3 2022+8.4%+1.7%+26.2%
Q2 2022+9.6%+24.8%+2.7%
Q1 2022-6.8%-17.9%+10.9%
Q4 2021+16.8%+44.0%+51.1%
Q3 2021-12.1%-19.9%-41.0%
Q2 2021+6.1%+10.5%-4.4%
Q1 2021-0.6%-7.2%-8.7%
Q4 2020-27.1%-25.6%-20.3%
Q3 2020+23.9%+13.8%+24.2%
Q2 2020-0.8%+1.8%-2.5%
Q1 2020+12.3%+8.5%+34.2%
Q4 2019-1.2%-3.2%-41.4%
Q3 2019-25.6%-18.6%-20.4%
Q2 2019-16.2%-25.0%-32.3%
Q1 2019-1.4%-7.0%-10.7%
Q4 2018-7.0%-7.3%-7.2%
Q3 2018-5.9%-10.7%-3.9%
Q2 2018-5.4%-10.3%-10.5%
Q1 2018+13.2%+19.8%+12.5%
Q4 2017+14.0%+12.9%+11.0%
Q3 2017-9.3%-17.7%-23.7%
Q2 2017+11.3%+9.6%+3.5%
Q1 2017+3.5%-9.2%-6.9%
Q1 2016+3.5%-9.2%-6.9%
Q1 2015-1.5%-4.4%+12.9%
Q4 2016+1.5%-4.7%+13.5%
Q3 2016-1.7%-8.8%+0.1%
Q3 2015-1.7%-8.8%+0.1%
Q2 2015-2.7%-4.5%+2.5%
Q4 2015-2.7%-4.5%+2.5%
Q2 2016+9.0%+13.6%+21.5%
Q4 2014
Q1 2014
Q4 2013

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