NASDAQ$TPICQ
TPI Composites Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Announced third quarter 2021 earnings results with new lines added in China for Vestas and secured strategic investment from Oaktree Capital Management of up to $600 Million.
TPI Composites reported a slight increase in net sales for the third quarter of 2021, but experienced a net loss due to increased costs and production delays. The company is navigating a challenging macroeconomic environment and expects these challenges to persist through most of 2022. They also secured a strategic investment from Oaktree Capital Management to strengthen their balance sheet.
- Net sales increased by 1.2% to $479.6 million compared to the same period in 2020.
- Net loss for the quarter was $30.7 million, compared to net income of $42.4 million in the same period in 2020.
- Production delays occurred at facilities in Matamoros and Juarez, Mexico.
- Entered into a stock purchase agreement with Oaktree Capital Management for up to $400 million.
Headline financials
Revenue & EPS history
TPI Composites · Revenue · Quarterly
$480M
Revenue by segment
TPI Composites · $451M total across 1 segment · Q3 2021
- Wind Blades, Tooling & Other$451M+0.1%100.0%
Forward guidance
The company updated its full year 2021 guidance, expecting to be significantly impacted by COVID-19 and global renewable energy regulatory and policy uncertainty and raw material cost increases and constraints.
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 Q3 2021
+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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