NASDAQ$TPICQ

TPI Composites Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported a decrease in net sales for the fourth quarter of 2021, impacted by revenue deferral and supply chain challenges.

TPI Composites announced a decrease in net sales for the fourth quarter of 2021, primarily due to a decline in wind blade production and foreign currency fluctuations. The company reported a net loss attributable to common stockholders and a decrease in adjusted EBITDA compared to the same period in 2020.

  • Net sales decreased by 16.3% to $389.5 million compared to Q4 2020.
  • Net sales of wind blades decreased by 18.7% to $362.3 million.
  • Net loss attributable to common stockholders was $93.3 million, compared to net income of $5.2 million in Q4 2020.
  • Adjusted EBITDA decreased to ($28.3) million, compared to $40.8 million in the same period in 2020.

Headline financials

Total Revenue

$389M

Previous: $466M-16.3%
EPS (adj)

-$2.39

Previous: $0.14-1807.1%
Capital Expenditures

$6.98M

Previous: $12.2M-43.0%
Free Cash Flow

-$4.3M

Previous: -$8.53M+49.6%
Net Income

-$93.3M

Previous: $5.18M-1899.8%
Operating Income

-$98.7M

Previous: $18.4M-635.8%
Gross Profit

-$40M

Previous: $32.2M-224.2%
Cash & Equivalents

$242M

Previous: $82.5M+193.7%
Total Assets

$1.01B

Previous: $956M+5.4%
Stock-Based Comp

$1.14M

Previous: $2.41M-52.6%

Revenue & EPS history

TPI Composites · Revenue · Quarterly

$389M

Q4 2021-16.3%vs Q4 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

TPI Composites · $362M total across 1 segment · Q4 2021

  • Wind Blades, Tooling & Other
    $362M-18.7%

Forward guidance

TPI Composites expects the operating environment to remain challenging in 2022, but the long-term drivers for wind energy remain intact.

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 Q4 2021

Historical avgQ4 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

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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