NASDAQ$TPICQ
TPI Composites Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
TPI Composites' financial results were impacted by a warranty issue, but the company reached an agreement with GE to expand capacity in Mexico and is renewing its focus on quality.
TPI Composites reported a decrease in net sales for the second quarter of 2023, along with a net loss per common share and a loss in adjusted EBITDA. The company reached an agreement with GE to expand capacity in Mexico and is focusing on quality improvements. They ended the quarter with $170 million in cash.
- Net sales decreased by 2.9% to $381.3 million compared to the same period in 2022.
- Net loss per common share was $1.90, compared to a net loss per common share of $0.60 for the same period in 2022.
- Adjusted EBITDA was a loss of $38.9 million, compared to adjusted EBITDA of $5.6 million during the same period in 2022.
- The company had unrestricted cash, cash equivalents, and short-term investments totaling $170.1 million on June 30, 2023.
Headline financials
Revenue & EPS history
TPI Composites · Revenue · Quarterly
$381M
Revenue by segment
TPI Composites · $355M total across 1 segment · Q1 2022
- Wind Blades, Tooling & Other$355M-6.5%100.0%
Forward guidance
The company provided guidance for the full year ending December 31, 2023, but the specific details were not included in the provided text.
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 Q2 2023
+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
| Quarter | Report date | Reaction (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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