NASDAQ$TPICQ
TPI Composites Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Improved profitability driven by operational execution and strategic initiatives.
TPI Composites reported improved profitability in Q3 2024, driven by 89% plant utilization, progress in transitioning to next-generation blades, and the elimination of losses from the divested Automotive business and the closed Nordex Matamoros plant. Sales reached $380.8 million, reflecting 23% sequential quarterly growth.
- Adjusted EBITDA was $8.0 million, compared to $0.2 million in the same period last year, with an adjusted EBITDA margin of 2.1%.
- Net sales increased 2.8% to $380.8 million compared to $370.2 million in the same period in 2023.
- Net loss from continuing operations attributable to common stockholders decreased to $38.6 million, compared to a net loss of $43.0 million in the same period in 2023.
- The company is well-positioned to capitalize on long-term growth in the U.S. onshore wind market and expects strong demand in the U.S. that will push plants in Mexico to near capacity utilization in 2025.
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 is positioned to achieve the midpoint of its full-year sales 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 Q3 2024
+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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