TPI Composites, Inc. (TPIC) Tops Q3 EPS by 33c, Revenues Miss; Offers FY18 & FY19 EPS/Revenue Guidance
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TPI Composites, Inc. Announces Third Quarter 2018 Earnings Results, 2019 Guidance and Preliminary Targets for 2020
November 7, 2018 4:01 PM ESTSCOTTSDALE, Ariz., Nov. 07, 2018 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, today reported financial results for the third quarter ended September 30, 2018.
Highlights
For the quarter ended September 30, 2018:
Net sales of $255.0 millionTotal billings of $240.7 millionNet income of $9.5 million or $0.26 per diluted shareEBITDA of $7.4 million, with an EBITDA margin of 2.9%Adjusted EBITDA of $17.6 million, with an Adjusted EBITDA margin of 6.9%... More