TPI Composites, Inc. Announces Fourth Quarter and Full Year 2018 Earnings Results
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TPI Composites, Inc. (TPIC) Misses Q4 EPS by 22c, Revenues Miss; Offers FY19 EPS Guidance Above Consensus, FY19 Revenue Mid-Point Guidance Above Consensus
February 28, 2019 4:03 PM ESTTPI Composites, Inc. (NASDAQ: TPIC) reported Q4 EPS of ($0.26), $0.22 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $290.1 million versus the consensus estimate of $301.52 million.
Net sales of $290.1 millionTotal billings of $304.8 millionNet loss of $8.8 million or $0.26 per diluted shareEBITDA of $3.8 million, with an EBITDA margin of 1.3%Adjusted EBITDA of $9.8 million, with an Adjusted EBITDA margin of 3.4%2018 was a challenging but successful year for TPI as we delivered strong operational and financial performance despite a significant number of startups and transitions, said Steven... More
